Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 4223: Provides for a tax credit for the adoption of household pets from animal shelter or humane society

This bill creates a tax credit for individual taxpayers who adopt household pets from animal shelters or humane societies. It allows a credit of up to $100 per pet (capped at $300 annually for up to three pets) toward the actual adoption cost, effective for tax years beginning January 1, 2026. Taxpayers must provide proof of spaying or neutering to claim the credit. The credit applies only to companion animals like dogs or cats kept for companionship, not for animals kept in violation of local laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing taxable income for pet adoption, providing tax relief as per Budget & Taxes indicators.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 297: Expands a certain tax credit for farmers to include the cost of construction of housing for farm workers

This bill expands an existing tax credit for farmers to cover the cost of constructing housing for farm workers. It specifically allows farmers to claim the credit for standard construction materials and labor used to build residential housing occupied by workers employed in their farming operations. The change modifies the tax law to include housing construction under the "eligible costs" for the credit, which previously applied only to equipment and production-related property. This directly affects farmers who build housing for their agricultural workforce in New York. The policy change is a straightforward expansion of an existing tax incentive, with no new eligibility requirements beyond the current credit framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for farmers to cover housing construction costs, reducing their tax burden and aligning with tax relief indicators for fiscal management.90% confidence ✓ HousingSupports HousingExpands tax credit to fund farm worker housing construction, directly advancing affordable housing for vulnerable workers through tax incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax credit for farm housing construction, directly improving employment conditions and housing standards for agricultural workers.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation

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in committee · New York · Assembly Jan 7, 2026

A 7647: Directing the state board of real property tax services to conduct a study on real property tax saturation

This bill directs New York's State Board of Real Property Tax Services to study how high rates of tax-exempt property (like parks, nonprofits, or government buildings) impact local communities. The study must examine the percentage of tax-exempt property in each county, focusing on counties with the highest rates, and analyze effects on housing, small businesses, jobs, population, and park land over five years. It also requires the board to propose policy changes to reduce tax burdens on taxable properties and ensure fairer tax distribution. The board must submit a report to state leaders within one year, and the bill expires after two years or once the report is delivered.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates study to analyze tax-exempt property impact and propose policies reducing tax burdens on taxable properties, aligning with tax relief indicators.90% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 7262: Relates to creating a retrofit tax credit for owners of buildings containing medical offices that install automatic swinging door opening systems

Creates a 30% retrofit tax credit for owners of commercial or mixed-use buildings containing medical offices that install automatic swinging door opening systems.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for medical office building retrofits, providing direct tax relief to business owners per support indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for medical office accessibility upgrades, improving patient access to healthcare facilities per support indicators.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1528: Establishes a tax on carbon-based fuels

S 1528 establishes a tax on carbon-based fuels like coal, natural gas, and petroleum, imposed on fuel distributors and utilities based on carbon dioxide emissions. The tax starts at $35 per ton of carbon dioxide equivalent and increases by $15 annually to a maximum of $185 per ton. Revenue from the tax funds a dedicated "Carbon Dioxide Emissions Fund," with 60% returned as tax credits to low-to-moderate income residents (below 115% of area median income) and 40% allocated to clean energy transition, mass transit, and climate adaptation projects. The bill requires annual reporting by distributors and utilities and mandates public reporting on tax adjustments to address inflation and climate goals.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes carbon tax but directs 60% revenue to tax credits for low-to-moderate income residents, providing direct tax relief and funding clean energy transit as a public service.95% confidence ✓ EnergySupports EnergyBill imposes carbon tax on fossil fuels and allocates 40% of revenue to clean energy transit, directly advancing renewable energy infrastructure and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentImposes carbon tax on fuels with revenue funding clean energy transit and low-income credits, directly reducing emissions and promoting environmental protection.95% confidence ✓ TransportationSupports TransportationBill allocates 40% of carbon tax revenue to 'clean energy transit,' directly funding transportation infrastructure improvements per bill summary.85% confidence

Sub-Topics State Budget Coal Oil & Gas Renewable Energy Public Transit Transportation Funding

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in committee · New York · Senate Jan 7, 2026

S 1853: Provides a tax deduction for fertility preservation services

This bill would allow individuals to claim a federal tax deduction of up to $1,000 for costs related to fertility preservation services, specifically including the collection, freezing, preservation, and storage of eggs. It directly affects people who pay for these services, such as those undergoing fertility treatments before medical procedures or for personal preservation. The deduction applies to expenses that would otherwise count toward federal adjusted gross income, with the provision taking effect for taxable years beginning January 1, 2025. The bill defines "fertility preservation services" narrowly to cover only egg-related preservation methods.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for fertility services, reducing taxable income for individuals, aligning with tax relief support indicator.95% confidence ✓ HealthcareSupports HealthcareProvides tax deduction for fertility preservation, improving access to reproductive healthcare services, aligning with 'improves patient access' indicator.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 2402: Provides for a tax credit for certain persons relocating to the state to provide or receive reproductive care or gender-affirming care

This bill creates a $500 state tax credit for individuals who permanently relocate to the state to provide or receive reproductive care or gender-affirming care. It applies to healthcare providers moving from states with more restrictive abortion laws or gender-affirming care access, as well as patients (or their parents/guardians) relocating for the same reasons. The credit is available for tax years beginning January 1, 2025, and can be claimed on individual income tax returns. The credit cannot reduce tax liability below zero, but any excess is refundable. The bill defines "healthcare provider" to include licensed physicians, nurses, physician assistants, and pharmacists.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $500 tax credit reducing tax liability for qualifying individuals relocating for reproductive/gender care, directly providing tax relief per budget/tax indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit to incentivize relocation for reproductive/gender-affirming care access, directly improving patient access to protected health services.95% confidence

Sub-Topics Income Tax Tax Credits Women's Health

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in committee · New York · Senate Jan 7, 2026

S 2348: Provides a tax exemption from sales and compensating use taxes on alternative energy systems

Provides a tax exemption from sales and compensating use taxes on alternative energy systems including alternative energy systems, new Energy Star appliances and tangible personal property used in or on habitable residential and non-residential structures to improve energy efficiency; defines relevant terms; authorizes municipalities to adopt the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for alternative energy systems, offering tax relief and promoting energy efficiency, which aligns with supporting tax policy for fiscal responsibility and reducing tax burden on qualifying purchases.95% confidence ✓ EnergySupports EnergyTax exemption for alternative energy systems and energy efficiency upgrades directly promotes renewable energy adoption and reduces barriers to clean energy infrastructure deployment.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for alternative energy systems and energy efficiency upgrades directly incentivizes clean energy adoption, reducing emissions and promoting environmental protection.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Energy Efficiency

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in committee · New York · Senate Jan 7, 2026

S 6342: Establishes the renters' and small homeowners' credit in a city with a population of a million or more

This bill creates a refundable tax credit for renters and small homeowners in New York City (population over 1 million) who meet specific income and residency requirements. It provides credits ranging from $45 to $220 annually based on federal adjusted gross income (e.g., $220 for seniors earning $25,000 or less in 2026) and the number of dependents claimed. Qualifying individuals must reside in the city for six months, file taxes, and not claim rent deductions from family members. The credit can be claimed even if no tax is owed, with amounts increasing for households with dependents. This applies specifically to New York State residents in cities meeting the population threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for low-income NYC renters/homeowners, providing direct tax relief to lower-income residents through annual credits up to $220.95% confidence ✓ HousingSupports HousingCreates refundable tax credit for NYC renters/small homeowners meeting income criteria, directly increasing housing affordability and financial stability for low-income residents.95% confidence

Sub-Topics Tax Credits Renters Tenant Rights

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signed · New York · Assembly May 20, 2025

A 3000: STATE OPERATIONS BUDGET

Bill A 3000, titled the State Operations Budget, appropriates funds for the ongoing operations of state government for the fiscal year beginning April 1, 2025. It allocates new money and reappropriates unspent funds from previous years to support various state agencies and their functions. A key provision allows the budget director to temporarily withhold certain payments if the state projects a general fund imbalance of $2 billion or more. However, specific payments like public assistance, debt service, and those mandated by federal law or court orders are exempt from these potential withholdings. The legislature is also given a period to propose an alternative plan before any withholdings take effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates funds for state operations and includes deficit management (withholding payments only in extreme imbalances), aligning with fiscal responsibility and funding essential government functions.90% confidence

Sub-Topics Debt & Bonds State Budget