Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 691: NY local food and products sourcing tax credit

This bill creates a tax credit for New York businesses that source a significant portion of their products locally. Businesses with taxable sales in New York can claim a credit (ranging from $1,500 to $25,000) based on the percentage of their net sales from locally produced food or goods - defined as products grown, raised, or made within New York by eligible producers (excluding wholesalers/distributors). To claim the credit, businesses must submit a report with their tax return detailing the producer's name, location, purchase amounts, and units bought. The credit cannot be carried forward to future tax years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing business tax liability for local sourcing, aligning with tax relief and economic incentive policies under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4454: Creates a tax credit for instructors of a hunting safety course

S 4454 creates a $300 annual tax credit for New York residents who serve as active instructors in state-approved hunting safety courses, effective for tax years beginning January 1, 2026. The credit applies to individual instructors or up to $600 for married couples filing jointly who both qualify. To claim the credit, instructors must maintain proof of course approval for five years and be active throughout the tax year. Excess credits beyond tax liability are treated as overpayments without interest, and failure to provide documentation during an audit results in a fine equal to the credit amount.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $300 tax credit for hunting safety instructors, providing direct tax relief aligned with support indicators for middle-income tax relief.95% confidence

Sub-Topics Audits & Accountability Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 286: Establishes a historic wood window rehabilitation and energy retrofit tax credit

Establishes a historic wood window rehabilitation and energy retrofit tax credit of up to 25% of the expenditures paid or incurred within the five years preceding the year in which the tax credit is applied.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for historic window energy retrofits, providing direct tax relief to property owners through fiscal incentive.95% confidence ✓ EnergySupports EnergyBill provides tax credit for energy retrofits (25% of costs), directly advancing energy efficiency in historic buildings per summary.90% confidence ✓ EnvironmentSupports EnvironmentTax credit for energy retrofits promotes building efficiency, reducing energy consumption and emissions through incentives for historic window rehabilitation.85% confidence

Sub-Topics Tax Credits

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died · New York · Senate Jan 7, 2026

S 6872: Relates to the treatment of excess credits for the rehabilitation of historic barns

This bill modifies New York's tax credit for renovating historic barns, allowing taxpayers a 25% credit on eligible renovation costs for barns used for agriculture. It restricts the credit for barns previously used for residential purposes, those converted to residential use, or those with altered historic appearance. If the credit exceeds tax liability and income is under $60,000, the excess is refunded without interest; otherwise, it carries forward to future tax years. The policy directly affects New York property owners renovating qualifying agricultural barns.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for agricultural barn renovations with refund for under $60k income, aligning with tax relief for lower income per support indicators.92% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2674: Increases the child and dependent care tax credit

This bill adjusts the maximum dollar amounts for the child and dependent care tax credit for 2025 and 2026 tax years. It sets new caps based on the number of qualifying dependents: for example, $9,000 for five or more dependents in 2025, and $18,000 for five or more in 2026. Taxpayers claiming this credit will see higher potential refunds, as the bill raises the upper limits on the credit amount. The change directly affects families who claim the credit for childcare costs, without altering the credit percentage rate. The bill takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit caps for dependent care, providing direct tax relief to qualifying families, aligning with support indicators for middle-income tax relief.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases tax credit for childcare costs, expanding financial support for working families and directly enhancing worker benefits related to employment expenses.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jun 2, 2026

S 8574: Relates to school tax relief exemption notification

This bill requires local assessors to mail written notices of approval for the STAR (School Tax Relief) exemption to homeowners within 30 days of approving their applications. It also mandates that the state commissioner mail eligibility notices for a separate tax credit program within 30 days of determining eligibility. Exceptions apply if approval occurs too close to tax bill issuance (within 30 days) or payment deadlines. The law directly affects homeowners who apply for STAR exemptions or the credit, ensuring they receive timely confirmation of their tax relief status.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures timely STAR tax exemption notifications, enabling homeowners to access existing tax relief program. Directly advances tax relief for eligible residents.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 142: Relates to establishing a mollusk shell recycling tax credit

This bill creates a tax credit for businesses that recycle bivalve mollusk shells (like oyster and clam shells). Taxpayers can claim a credit of up to $1,000 or 10 cents per pound of certified shells donated to DEC-permitted organizations for oyster reef restoration. The credit applies to taxable years starting January 1, 2025, and cannot reduce taxes below the minimum required amount. It directly affects businesses recycling shells who partner with DEC-approved groups restoring coastal habitats.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for shell recycling businesses, reducing taxable income as fiscal incentive to fund habitat restoration. Direct tax relief aligns with supporting tax policy.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for shell recycling to fund oyster reef restoration, directly conserving coastal habitats and natural resources through habitat protection.95% confidence

Sub-Topics Tax Credits Coastal & Flood Protection Recycling

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in committee · New York · Senate Mar 19, 2026

S 8489: Establishes a real property tax freeze credit

This bill creates a property tax credit for homeowners in school districts and certain local governments that maintain stable property tax budgets (called "freeze-compliant budgets") for 2026 through 2028. Homeowners whose primary residence is in an eligible district can receive a credit equal to either the actual increase in their school district taxes or a calculated amount based on the district's allowable tax growth rate, whichever is larger. The credit applies to taxes paid directly to school districts or other eligible local governments (like towns or villages), but excludes cities with over one million residents. It only benefits taxpayers in districts that meet specific budget stability requirements for the specified years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for homeowners in districts maintaining stable budgets, reducing tax burden and promoting fiscal responsibility in local government spending.95% confidence

Sub-Topics Property Tax Tax Credits

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passed · New York · Senate Jun 1, 2026

S 7701: Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students

Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students studying to be a health care professional.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates personal income tax credit for healthcare preceptors, providing direct tax relief and aligning with fiscal support for workforce development.95% confidence ✓ EducationSupports EducationBill incentivizes health care professionals to teach students via tax credit, supporting higher education training programs in health care fields.80% confidence ✓ HealthcareSupports HealthcareTax credit incentivizes healthcare professionals to mentor students, supporting workforce development and future healthcare access.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1434: Creates an excise tax on the collection of consumer data by commercial data collectors

Bill A 1434 creates a new monthly excise tax on commercial data collectors for gathering consumer data from New York residents. This tax applies to for-profit entities that collect information on more than one million individual New York consumers per month, excluding basic contact or transaction-related credit card details. The tax rate is tiered, increasing progressively based on the number of New York consumers whose data is collected beyond the one-million threshold. The bill also defines "consumer data" and "New York consumer," and allows for a tax credit if an identical tax is paid to another state for the same consumer.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new monthly excise tax on commercial data collectors, directly increasing state revenue through taxation per bill summary.95% confidence ✓ TechnologySupports TechnologyBill A 1434 creates an excise tax on commercial data collectors for gathering consumer data, regulating an aspect of the technology industry to potentially protect data privacy.80% confidence

Sub-Topics Sales Tax Tax Credits Consumer Data Protection Data Privacy

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