Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 3527: Relates to enacting the volunteer emergency services mileage reimbursement tax credit

Relates to enacting the volunteer emergency services mileage reimbursement tax credit; allows an active volunteer firefighter or a volunteer ambulance worker a credit equal to their reasonable mileage allowance owed for each mile actually and necessarily traveled by the volunteer firefighter or volunteer ambulance worker who utilizes their personal vehicle in the fulfillment of their emergency response duties.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for volunteer emergency workers' mileage, offering tax relief aligned with supporting fiscal policies for lower-income volunteers.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 3614: Exempts minority depository institutions from the corporate franchise tax for a period of ten years

This bill exempts minority depository institutions - defined under federal law as institutions meeting specific criteria from the 1989 Financial Institution Reform Act - from paying the state's corporate franchise tax for ten years, starting from when they begin operations. The exemption applies to all taxes under the relevant tax article for businesses that qualify as minority depository institutions. It takes effect for tax years beginning on or after January 1, 2026. This policy change directly affects qualifying minority-owned financial institutions seeking to establish or expand operations in the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts minority depository institutions from corporate franchise tax, providing targeted tax relief to support underserved financial institutions per federal criteria.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 2234: Establishes the city of New York education fund

This bill establishes a dedicated "City of New York Education Fund" by imposing an additional 1% real property tax on all properties within New York City (population over 1 million). The fund, managed jointly by the mayor and tax commissioner, must keep its revenue separate from other city funds and use it alongside existing city budget allocations to support education programs. It directly affects New York City property owners through the new tax obligation. The fund's revenue stream and separation requirement are the key mechanisms driving the policy change.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new 1% property tax to fund dedicated education programs, increasing tax revenue specifically for public education spending. Directly advances budget allocation for essential services.90% confidence ✓ EducationSupports EducationCreates dedicated education fund via 1% property tax, mandating separate revenue for school programs and increasing funding streams for education95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 6120: Establishes a tax credit for the purchase of personal protective equipment (PPE) by employers

This bill creates a tax credit for small businesses in the state with 500 or fewer employees who buy personal protective equipment (PPE) like masks, gloves, or face shields for their workers. Employers can claim a credit of up to $5,000 per year toward the cost of qualifying PPE purchases. Unused credit amounts can be carried forward to future tax years. The credit applies to the taxable year the bill takes effect and all subsequent years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct tax relief to small businesses through a refundable credit, reducing their tax burden for essential PPE purchases.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit for employer PPE purchases directly improves workplace safety protections for workers, aligning with Labor & Employment safety standards.95% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4029: Relates to the amount of the allowable levy growth factor and the percentage of votes needed to override the tax levy limit

This bill modifies property tax limits for local governments and school districts in New York. It changes the "allowable levy growth factor" to be the greater of 1.02 (2% growth) or 1 plus the inflation factor (with a minimum 1.02), and lowers the vote threshold needed to override tax levy limits from 60% to a simple majority (more than 50%) of votes cast. School districts and municipalities would now require only 51% voter approval (instead of 60%) to approve budgets exceeding tax levy limits. The bill also updates ballot language to clarify that tax levy increases require voter approval. These changes apply to all local governments and school districts subject to existing tax cap rules.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLowers vote threshold to override tax levy limits from 60% to 51%, weakening restrictions on local tax increases for school districts/municipalities.95% confidence ✓ EducationSupports EducationLowers vote threshold from 60% to 51% for school district budget overrides, facilitating easier approval of funding increases to exceed tax levy limits.90% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 170: Provides business tax credit for employer provided day care

Provides employers with a tax credit in an amount not to exceed 20% of expenses incurred in providing day care services to the children and wards of its employees and in training persons employed by the taxpayer or a third party provider rendering such services; provides that to receive such credit the facility or program rendering day care services must be licensed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides business tax credit (20% of day care expenses), directly reducing taxable income for employers, aligning with tax relief indicators for Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for employer-provided day care, expanding worker benefits as per indicators.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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vetoed · New York · Senate Dec 5, 2025

S 700: Provides for the adjustment of the minimum amount of tax delinquency for which the driver's license of a taxpayer may be suspended

Provides for the adjustment of the minimum amount of tax delinquency for which the driver's license of a taxpayer may be suspended, based on inflation; prohibits inclusion in the license suspension program of a taxpayer who receives public assistance or supplemental security income, or whose income does not exceed 250% of the poverty level; authorizes the commissioner to grant exemptions to taxpayers whose payment of past due tax liabilities would create a hardship to the taxpayer in meeting necessary living expenses.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts low-income taxpayers (under 250% poverty) from license suspension for tax delinquency, providing direct tax relief to vulnerable groups.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 5419: Provides a tax credit for persons who vote in a special or general election

This bill creates a $50 tax credit for New York state resident voters who participate in a state general or special election. It directly affects eligible voters by adding $50 to their state tax refund or reducing their tax liability when filing their state income tax return for the year they voted. The credit applies only once per tax year, even if multiple elections occur, and requires voters to have completed standard election identification processes. The credit is applied against the state income tax, with any excess amount refunded like a standard overpayment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $50 tax credit for voters, reducing tax liability, aligning with tax relief indicator for middle/lower income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Mar 13, 2026

S 1559: Enacts the "Affordable NY act"

S 1559, the "Affordable NY Act," increases property tax exemptions for homeowners and adjusts New York's personal income tax brackets. It raises the basic STAR exemption base from $30,000 to $60,000 for all future years and ties the enhanced STAR exemption base to a CPI-W index (multiplied by two for 2025-2026 and beyond). The bill also updates income tax rates, including higher brackets for 2018-2020 taxable years, with specific changes to tax thresholds and percentages. These changes directly affect New York homeowners who qualify for STAR exemptions and residents filing state income tax returns. The bill takes immediate effect upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemptions (STAR base $30k→$60k) and adjusts income tax brackets to provide relief for homeowners, directly advancing tax relief for middle-income residents.90% confidence

Sub-Topics Income Tax Property Tax

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in committee · New York · Senate Jan 7, 2026

S 2370: Establishes a credit against income tax for service dogs

This bill creates a state income tax credit for taxpayers who maintain service dogs. It allows a credit equal to qualified expenses (like food, vet care, training, and boarding) for service dogs, capped at $1,000 per year for taxable years beginning January 1, 2025. Unused credit amounts can be carried forward to future tax years, but the annual credit limit remains $1,000. The credit directly benefits individuals who rely on service dogs for daily functioning, as defined by existing civil rights law.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state income tax credit for service dog expenses, providing tax relief to qualifying individuals, aligning with fiscal support for middle-income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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