Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 4745: Enacts the "appropriate appropriations act"; repealer

Enacts the "appropriate appropriations act" to prohibit lump sum budget appropriations and require itemized appropriations; limits the use of expenditures for emergencies; limits reappropriations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates itemized appropriations and limits emergency spending, promoting fiscal responsibility per topic indicators.95% confidence

Sub-Topics Appropriations State Budget

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in committee · New York · Senate Jan 7, 2026

S 1147: Creates an enhanced real property tax circuit breaker credit

S 1147 creates a new tax credit for New York City residents (population over 1 million) who own or rent their primary home. The credit reduces state tax liability based on a portion of property taxes paid, after subtracting a threshold amount tied to household income. Eligibility requires living in the home for six+ months, meeting income limits, and filing state taxes. The credit applies only to property taxes on primary residences within NYC, with specific definitions for household income and tax calculations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income-based property tax credit reducing state tax liability for NYC homeowners, providing direct tax relief to eligible residents per bill's summary.95% confidence ✓ HousingSupports HousingBill provides tax credit reducing property tax burden for NYC primary residents, lowering housing costs and increasing affordability for qualifying homeowners/renters.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 6788: Authorizes the denial of renewal of professional, business or trade licenses where a taxpayer has outstanding tax debt which the taxpayer has failed to settle

Authorizes the denial of the renewal of a license, permit, certificate, registration or admission to practice a profession, business or trade where a taxpayer has outstanding tax debt which the taxpayer has failed to enter into a settlement agreement for the payment thereof; requires each taxpayer renewing a license to practice a profession, business or trade to attest to the licensing agency that they do not have an unsettled outstanding tax debt.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enforces tax compliance by denying licenses for unpaid debt, strengthening fiscal accountability and collection efforts.95% confidence

Tags Licensing

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in committee · New York · Assembly Jan 7, 2026

A 3192: Establishes a credit against income tax for service dogs

This bill creates a state income tax credit for taxpayers who pay for necessary expenses related to service dogs, such as food, veterinary care, training, and boarding. It allows a credit of up to $1,000 per year against income tax for qualified service dog costs, as defined by civil rights law. Unused portions of the credit can be carried forward to future tax years, but the annual limit remains $1,000. The credit applies to taxable years beginning January 1, 2025, and directly affects residents who rely on service dogs for disability-related needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,000 annual income tax credit for service dog expenses, providing direct tax relief to qualifying residents under fiscal policy.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5864: Establishes a tax credit for rent paid on the personal residence of certain taxpayers

Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for renters paying >30% of income in rent, offering tax relief to lower/middle-income households per bill summary.95% confidence ✓ HousingSupports HousingTax credit for renters paying >30% of income on rent directly supports affordable housing affordability for low-income tenants.90% confidence

Sub-Topics Business Taxes Tax Credits Property Taxes Renters Tenant Rights

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in committee · New York · Assembly Jun 17, 2025

A 6688: Authorizes the county of Jefferson to impose additional sales tax

This bill authorizes Jefferson County to impose an additional 1% sales tax on top of existing rates, effective from December 1, 2015, through November 30, 2027. It directly affects residents and businesses in Jefferson County by increasing the local sales tax burden. The bill amends tax law to extend this specific authorization until 2027, replacing a previous expiration date. This is a straightforward policy change to fund county services through a temporary tax increase.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes 1% sales tax increase to fund Jefferson County services, directly advancing budgetary funding through tax revenue.95% confidence

Sub-Topics Sales Tax

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failed · New York · Senate Mar 24, 2026

S 3914: Reduces federal adjusted gross income by any overtime compensation earned by an individual

This bill would reduce taxable income for individuals by excluding overtime pay from federal adjusted gross income. Specifically, it creates a new tax provision allowing workers to subtract wages earned for hours beyond their normal schedule (defined as "overtime compensation") from their taxable income. The change would apply to all taxpayers earning overtime pay, effectively lowering their federal income tax liability for that income. The provision would take effect for tax years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes overtime pay from taxable income, reducing federal tax liability for workers. Provides direct tax relief for middle-income earners, aligning with support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes overtime pay from taxable income, increasing workers' disposable income and effectively boosting take-home pay for overtime hours.85% confidence

Sub-Topics Business Taxes Income Tax Labor Standards

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in committee · New York · Senate Jan 7, 2026

S 6099: Relates to credits against tax for homeowners and businesses who invest in green infrastructure

This bill creates tax credits for New York homeowners and businesses that install qualifying green infrastructure on their property. Homeowners can claim up to 50% of costs (capped at $10,000) for features like rain gardens, permeable pavement, or green roofs, while businesses get up to 50% (capped at $5,000). Eligibility requires New York residency for 24 months (homeowners) or 36 months (businesses) with property located in the state. The credit applies to specific, cost-effective stormwater management systems designed to reduce runoff and provide community benefits, such as rainwater harvesting or downspout disconnection.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits (up to 50% cost) for green infrastructure, reducing tax liability for eligible homeowners/businesses, aligning with tax relief indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credits for green infrastructure (rain gardens, green roofs) to manage stormwater and reduce pollution, directly advancing environmental protection.95% confidence

Sub-Topics Water Quality

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in committee · New York · Senate Mar 16, 2026

S 5813: Relates to imposing an excise tax on firearms and ammunition

Imposes an excise tax on the gross receipts of the sales of firearms, major components of firearms and ammunition; establishes the gun violence prevention and school safety fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on firearms/ammo to fund gun violence prevention and school safety programs, directly allocating tax revenue to public safety funding.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Feb 13, 2025

S 4882: Increases the amount of geothermal energy systems tax credits

This bill increases tax credits for individuals installing geothermal energy systems. It allows a 25% credit on qualified expenses, raising the annual cap to $5,000 for systems installed before June 30, 2025, and $10,000 for systems installed on or after July 1, 2025. Additionally, it makes excess credits refundable for low-to-moderate income taxpayers or those in designated disadvantaged communities starting in 2026, treating unused credits as tax overpayments. The credit can also be carried forward for up to five years if it exceeds annual tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for geothermal systems, making excess credits refundable for low-to-moderate income taxpayers and disadvantaged communities, providing targeted tax relief.95% confidence ✓ EnergySupports EnergyIncreases tax credits for geothermal systems, promoting renewable energy adoption through financial incentives and refundability for low-income households.95% confidence ✓ EnvironmentSupports EnvironmentPromotes clean geothermal energy adoption via tax credits, reducing fossil fuel reliance and emissions per bill's incentives for renewable systems.95% confidence

Sub-Topics Tax Credits

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