Budget & Taxes (Tax Credits)

in committee · New York · Assembly Jan 7, 2026

A 3473: Creates a vending to food pantries and soup kitchens tax credit

This bill creates a 50% tax credit for New York farmers who sell locally grown fruits and vegetables to food pantries and soup kitchens. The credit applies only to revenue from these specific sales and cannot be carried forward to future tax years. Farmers must submit sales receipts with their tax returns to claim the credit, which is limited to the taxpayer's annual tax liability. The credit becomes available for tax years beginning January 1, 2026, and directly affects New York-based agricultural producers serving food assistance programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit to farmers supplying food pantries, reducing tax liability to incentivize food distribution to essential public services, aligning with fiscal support for community programs.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 850: Establishes the first-time homebuyer tax credit act

Establishes the "first-time homebuyer tax credit act"; provides that a qualified taxpayer shall be allowed a credit against the taxes imposed by this article for taxes levied on the taxpayer's primary residence by or on behalf of any county, city, town, village, or school district in which such property is located.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing local property tax burden for first-time homebuyers, aligning with tax relief for middle-income residents.95% confidence ✓ HousingSupports HousingProvides tax credit reducing local taxes for first-time homebuyers on primary residences, directly increasing housing affordability for a key demographic.95% confidence

Sub-Topics Tax Credits Affordable Housing Homeownership Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 5261: Increases the child and dependent care tax credit

S 5261 increases the maximum amount of the child and dependent care tax credit for families with children or other dependents to keep pace with rising childcare costs. Starting in 2025, the credit caps rise to $7,500 for three dependents (up to $9,000 for five or more), and for 2026, the limits adjust further (e.g., $18,000 for five or more dependents). The bill updates annual dollar limits based on the number of qualifying individuals, ensuring the credit reflects current expenses. It directly affects taxpayers claiming this credit on their federal tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases child/dependent care tax credit caps to offset rising childcare costs, providing direct tax relief to families with dependents, aligning with tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases child/dependent care tax credit caps, reducing childcare costs for working families and supporting workforce participation through expanded financial benefits.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 6883: Relates to establishing a mollusk shell recycling tax credit

This bill creates a tax credit for businesses that recycle bivalve mollusk shells (like oyster shells), directly benefiting businesses that donate shells to DEC-approved organizations. The credit equals up to $1,000 or 10 cents per pound of certified shells, but cannot lower taxes below the minimum required amount. To qualify, shells must be donated to entities permitted by the DEC to reuse them for oyster reef restoration. The credit applies to taxable years starting January 1, 2025, and requires the DEC to establish verification rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for shell recycling businesses, providing direct tax relief under state tax policy to incentivize environmental restoration.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for shell recycling to restore oyster reefs, directly conserving marine habitats and promoting natural resource management through DEC-approved reef restoration.95% confidence

Sub-Topics Tax Credits Recycling

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failed · New York · Assembly Jan 7, 2026

A 7525: Establishes the first-time homebuyer tax credit act

Establishes the "first-time homebuyer tax credit act"; provides that a qualified taxpayer shall be allowed a credit against the taxes imposed by this article for taxes levied on the taxpayer's primary residence by or on behalf of any county, city, town, village, or school district in which such property is located.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for primary residence taxes, offering relief to first-time homebuyers, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingProvides tax credit for first-time homebuyers, reducing costs and increasing affordability of primary residences.90% confidence

Sub-Topics Tax Credits Homeownership Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 4103: Provides earned income tax credit to youth workers, increases standard deduction for individuals 18 to 24, and provides for deduction of student loan interest

Provides an earned income tax credit to youth workers; increases the standard deduction for individuals eighteen to twenty-four years of age; provides for the deduction of student loan interest; provides for the expiration of such provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits/deductions for youth workers and student loan interest, reducing taxable income for lower/middle-income groups per tax relief indicators.95% confidence ✓ EducationSupports EducationProvides student loan interest deduction and youth tax credits, reducing financial barriers to education access for students and young workers.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides EITC for youth workers and tax benefits (standard deduction, student loan interest), directly advancing financial support for low-income workers in labor market.92% confidence

Sub-Topics Income Tax Tax Credits Student Financial Aid Child Labor

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in committee · New York · Assembly Jan 7, 2026

A 8832: Relates to a tax credit for the purchase of new and used electric vehicles

Establishes a tax credit for the purchase of new and used electric cars; provides that for a new electric vehicle, the tax credit shall be $7,500 and the tax credit for a used electric vehicle shall be $4,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credits reducing tax burden for EV buyers, aligning with tax relief indicators under Budget & Taxes policy.95% confidence ✓ EnergySupports EnergyPromotes EV adoption, reducing fossil fuel dependence and advancing renewable energy infrastructure through tax credits.95% confidence ✓ EnvironmentSupports EnvironmentPromotes clean energy adoption by incentivizing EV purchases, reducing transportation emissions and aligning with environmental protection goals.95% confidence

Sub-Topics Tax Credits Electric Vehicles

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in committee · New York · Assembly Jan 7, 2026

A 3385: Establishes a tax credit for grocery donations to food pantries

This bill creates a tax credit for businesses that donate surplus food to eligible food pantries. Grocery stores, restaurants, wholesalers, and food brokers can claim a 25% tax credit on the wholesale value of qualified donations (like fruits, vegetables, or dairy), up to $5,000 per year. To qualify, donations must be "apparently wholesome surplus food" (not expired or damaged), and businesses must obtain a receipt from the pantry detailing the donation. The credit applies to taxable years starting January 1, 2026, and requires donations to be accepted by 501(c)(3) food pantries operating within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for food donations, providing business tax relief and incentivizing charitable giving without direct state spending.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 851: Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects

Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects related to the construction of new homes or multiple dwellings commenced and completed within a specific time period.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for housing infrastructure, aligning with tax relief support indicator90% confidence ✓ HousingSupports HousingTax credit for infrastructure projects related to new home construction supports housing development and encourages new housing supply.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 8211: Relates to authorizing a state personal income tax credit for elementary and secondary school personnel for certain expenses incurred for school related supplies

Authorizes a state personal income tax credit for elementary and secondary school personnel for certain expenses incurred for school related supplies for taxable years beginning on or after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax credit for school personnel, providing tax relief and supporting public education funding through fiscal incentives.90% confidence ✓ EducationSupports EducationAuthorizes tax credit for school staff supplies, directly supporting educators with financial relief for educational expenses95% confidence

Sub-Topics Income Tax Tax Credits K-12 Education

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