Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 2350: Relates to enhanced aid and incentives for municipalities

Relates to enhanced aid and incentives for municipalities; provides that enhanced aid and incentives for municipalities will be apportioned to eligible municipalities by the director of the budget on a per-capita basis, based on population.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates enhanced per-capita state aid to municipalities, increasing funding for local government budgets and services.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5850: Relates to the definition of income in relation to the enhanced STAR exemption

This bill updates New York's enhanced STAR property tax exemption program by including distributions from thrift savings plans (established before 1984) in the calculation of applicant income. It affects homeowners applying for the enhanced STAR credit, which provides property tax relief to seniors and disabled residents with low income. The key change expands the definition of "adjusted gross income" to exclude these specific retirement distributions from taxable income. Applicants who didn't file tax returns must now submit income statements showing what would have been reported, to complete their exemption applications.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for seniors/disabled by excluding retirement distributions from income calculation, increasing eligibility for STAR exemption.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Apr 29, 2025

S 7285: Relates to the applicability of the residential redevelopment inhibited property exemption

Bill S 7285 expands the existing residential redevelopment inhibited property exemption. It allows all cities, towns, and villages in the state to offer a property tax exemption for redeveloped neglected or abandoned residential properties. The bill broadens eligibility to include one-to-four unit residences, not just one-family homes, and permits occupancy by either an owner or a tenant as their primary residence. This exemption reduces the increase in property taxes linked to the added value from demolition, alteration, rehabilitation, or remediation of these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for redeveloped residential properties, reducing tax burden on owners/tenants. Aligns with tax relief for lower/middle income through expanded eligibility.95% confidence ✓ HousingSupports HousingExpands property tax exemption for redeveloping neglected residential properties, including multi-unit housing and tenant occupancy. Reduces tax burden to encourage development and increase affordable housing.95% confidence

Sub-Topics Property Tax Tax Incentives Community Development Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 4742: Relates to a real property tax exemption for property owned by active duty service members

Provides a real property tax exemption for property owned by active duty service members of the armed forces of the United States in taxing jurisdictions which elect to provide a veterans exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for active duty service members, directly reducing property tax liability (tax relief) for a specific group, aligning with support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6548: Establishes broadband opportunity areas

Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemptions for broadband infrastructure, reducing tax burden to promote deployment, aligning with fiscal support for essential services.90% confidence ✓ TechnologySupports TechnologyProvides tax exemptions to incentivize broadband infrastructure deployment in underserved areas, directly expanding internet access.95% confidence

Sub-Topics Property Tax Tax Incentives Broadband Access Telecommunications

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in committee · New York · Senate Jan 7, 2026

S 3228: Eliminates state sales and compensating use tax on motor fuels and diesel motor fuels and authorizes localities to eliminate such taxes; establishes various exemptions from sales and use tax

Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates state sales taxes on motor fuels and food items, providing direct tax relief per bill summary.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3864: Relates to a real property tax exemption for property owned by active duty service members

Provides a real property tax exemption for property owned by active duty service members of the armed forces of the United States in taxing jurisdictions which elect to provide a veterans exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemption for military, reducing tax burden. Aligns with tax relief indicator for Budget & Taxes policy.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Mar 6, 2025

S 6211: Relates to tax abatements for building owners in a city having a population of one million or more who complete exterior repairs

This bill, S 6211 (the "RESTORE Act"), offers property tax abatements to building owners in New York City (population over 1 million) who complete required facade repairs and remove associated scaffolding/sidewalk sheds within specific timeframes. Owners who finish repairs and remove scaffolding within three months receive a 50% tax abatement on repair costs or property taxes (whichever is lower), with the abatement decreasing to 5% if completed within 12 months. Building owners who fail to complete repairs and remove scaffolding within 18 months face penalties of 10% plus 2% per additional month (capped at 25% of property taxes). The program applies to repairs mandated under NYC's 1998 facade safety law, aiming to reduce prolonged sidewalk obstructions while easing financial burdens on owners.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax abatements (reducing tax burden) for NYC building owners completing facade repairs, directly addressing tax policy as a fiscal incentive.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7294: Makes seed purchased to grow food for personal consumption exempt from sales and use taxes

This bill exempts seeds purchased for growing food from sales and use taxes when used for personal or family consumption. It directly affects home gardeners who buy seeds to grow their own food, not commercial sellers or resellers. The key provision states that the tax exemption applies only to seeds cultivated for direct human consumption by the purchaser, excluding any seeds later resold. The law would take effect January 1st following its enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts seeds for home gardening from sales tax, providing targeted tax relief for personal food production without broad fiscal impact.95% confidence

Sub-Topics Tax Incentives

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passed · New York · Senate Feb 26, 2026

S 3574: Relates to notification of a senior real property tax exemption

This bill requires local tax offices to send seniors two notices about renewing their real property tax exemption. It mandates an initial notice 60 days before the tax deadline and a second notice 30 days before if the renewal application hasn't been received. Seniors must submit a completed application by the deadline to maintain their exemption, and tax offices must notify them of approval or denial within three days of the assessment roll closing. This applies directly to seniors who previously qualified for the exemption and need to renew it annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnsures seniors maintain tax exemption through required notices, supporting tax relief for seniors.80% confidence

Sub-Topics Property Tax Tax Incentives Tags Seniors

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