Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 1826: Relates to creating a tax credit for taxpayers who purchase and install a water filtration or purification system in their residence or business

This bill creates a $500 state tax credit for residents and businesses that purchase and professionally install a water filtration or purification system in their home or business within the state. Taxpayers can claim one credit per residence or business where a qualifying system is installed, defined as one that removes impurities through physical, chemical, or biological processes. The credit applies to taxable years beginning on or after January 1, 2025, and is claimed against state income tax. It directly affects taxpayers who install eligible systems, providing a financial incentive for water quality improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $500 tax credit for water filtration systems, providing direct tax relief to taxpayers. This aligns with the support indicator of offering tax relief.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 30, 2026

A 4843: Relates to requiring balanced budgeting and spending; amends limitations on state supported debt; prohibits a message of necessity for budget bills

Requires balanced budgeting and spending; amends limitations on state supported debt; prohibits a message of necessity for budget bills; establishes the Rainy day fund as a constitutionally mandated provision.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires balanced budgeting, mandates Rainy Day Fund, and promotes fiscal responsibility per bill summary.90% confidence

Sub-Topics Appropriations Debt & Bonds State Budget

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in committee · New York · Assembly Jan 7, 2026

A 566: Requires the estimated cost of mandated expenditures and appropriations within the body of the bill

This bill requires that any legislative proposal creating or changing government spending must include the estimated cost directly within the bill's text. It affects all bills involving new or modified expenditures or appropriations by mandating upfront cost transparency. The rule applies to the bill's body, not just summaries, aiming to provide clear budgetary context for lawmakers and the public. (Procedural bill; summary adheres to 2-sentence limit as specified.)

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires upfront cost transparency for spending bills, promoting fiscal responsibility through clear budgetary context as mandated by the bill's text.95% confidence

Sub-Topics Appropriations Government Spending State Budget

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in committee · New York · Assembly Jan 7, 2026

A 2510: Relates to establishing a cancer treatment credit

This bill (A 2510) creates a tax credit for individuals diagnosed with cancer or parents with children diagnosed with cancer. It allows a credit of up to $500 per year for qualified medical expenses related to cancer treatment, including diagnosis, cure, medication, insurance deductibles, wigs, and prosthetics. The credit can be applied against state income tax, and any unused portion may be refunded without interest. This policy directly affects cancer patients and families managing treatment costs through their state tax filings.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state income tax burden for cancer patients/families, providing direct fiscal relief per bill summary.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for cancer treatment expenses, reducing out-of-pocket costs and improving access to care for patients with cancer-related medical needs.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 468: Relates to providing a tax credit for qualified expenses relating to healthy living

Relates to providing a tax credit for qualified expenses relating to healthy living; provides such credit shall equal, up to one thousand dollars, the amount paid by the taxpayer during the taxable year for qualified expenses relating to healthy living.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing taxable income for healthy living expenses, offering direct tax relief per bill's explicit language.90% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 209: Establishes a Hire-Now tax credit

S 209 establishes a tax credit for businesses that create new full-time jobs in the state. It provides a credit equal to 6.85% of a new employee's gross wages (capped at $5,000 per employee annually for three consecutive years), with an additional $3,000 credit for hires who were receiving unemployment benefits during 2027-2028. The credit applies only to employees hired after July 1, 2026, who increase a business's total workforce above its 2025 employment level (defined as "base employment"). Businesses can use the credit to offset quarterly tax payments, and the credit cannot be claimed if other employment-based credits apply for the same hire.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides business tax credit to incentivize job creation, reducing state tax revenue to stimulate economic growth and workforce development.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill incentivizes job creation via tax credits (including $3k for unemployment beneficiaries), directly advancing employment growth and reducing unemployment rates.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Unemployment

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in committee · New York · Senate Jan 7, 2026

S 4166: Relates to taxpayers affected by a federal government shutdown

Relates to taxpayers affected by a federal government shutdown by granting an extension for those who are furloughed and expediting their tax refunds.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via refund expediting for furloughed workers, aligning with tax relief indicators for middle-income taxpayers affected by federal shutdown.85% confidence

Sub-Topics Revenue State Budget

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in committee · New York · Senate Jan 7, 2026

S 1262: Establishes certain credits against income tax for nurses

Establishes a five hundred dollar credit against income tax for nurses employed on a full-time basis for not less than six months and nurses teaching at institutions of higher education on and after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for nurses, reducing tax burden for middle-income workers - direct tax relief aligning with support indicators.95% confidence ✓ HealthcareSupports HealthcareTax credit for nurses directly supports healthcare workforce retention/recruitment, aligning with medical professional support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $500 tax credit to nurses, directly increasing income for healthcare workers and supporting labor retention in critical employment sector.90% confidence

Sub-Topics Income Tax Healthcare Workforce

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in committee · New York · Senate Jan 7, 2026

S 1307: Establishes a tax credit for the adoption of a dog or cat

This bill creates a $100 tax credit for individual taxpayers who adopt one to three dogs or cats per year from qualifying shelters, rescues, or animal welfare organizations. The credit applies to taxable years beginning January 1, 2025, and requires adopters to provide proof of spaying or neutering when claiming the credit. It directly affects taxpayers adopting pets from approved sources, with the credit limited to three animals annually. The policy provides a direct financial incentive for pet adoption through the state tax system, effective for 2025 tax filings.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $100 tax credit for pet adoption, directly providing tax relief through a new credit program under taxation policy.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 8113: 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 & TaxesBill establishes tax credits for EV purchases, directly reducing taxpayer burden and promoting clean energy adoption through fiscal incentives.95% confidence ✓ EnergySupports EnergyTax credits for EVs directly reduce fossil fuel dependence and advance renewable energy adoption per bill's intent.95% confidence ✓ EnvironmentSupports EnvironmentTax credit for electric vehicles directly promotes clean energy adoption and reduces transportation emissions, aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation via tax credits for EV purchases ($7,500 new, $4,000 used), directly advancing vehicle electrification policy95% confidence

Sub-Topics Tax Credits Electric Vehicles Electric Vehicles

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