Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 2030: Directs the commissioner of taxation and finance to study and to make recommendations regarding the frequency of residents who are being assessed library taxes for more than one library

Directs the commissioner of taxation and finance to study the frequency of residents who are being assessed library taxes for more than one library and to make recommendations to address the double taxation of residents.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill addresses double taxation in library taxes, promoting fiscal responsibility by preventing unfair tax burdens on residents through study and recommendations.85% confidence

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in committee · New York · Assembly Jan 7, 2026

A 5871: Requires assessing units to disclose the use of a computer assisted mass appraisal system or other statistical formula or computer software at any step during the assessment of taxes on real property

Requires assessing units to disclose and publish information relating to the use of a computer assisted mass appraisal system or other statistical formula or computer software at any step during the assessment of taxes on real property; requires assessing units not using a computer assisted mass appraisal system or other statistical formula or computer software at any step during the assessment of taxes on real property to verify that such systems, formula, or software were not used and explaining the methods used by such assessing unit to assess real property taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires transparency in property tax assessment methods, promoting fiscal accountability and reducing potential errors in tax calculations.85% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 154: Provides a real property tax exemption to agricultural lands that are used for certain purposes

Bill A-154 provides a 100% real property tax exemption for agricultural lands used to grow bio-energy crops (specifically crops for cellulosic ethanol processing) for alternative fuel. It directly affects farmers who produce these designated crops, exempting their land from local taxes (village, town, city, county, or school district) based on assessed value. To qualify, landowners must submit proof to the taxing authority showing compliance, and applications must be filed by the taxable status date. The exemption expires five years after the law takes effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 100% property tax exemption for agricultural lands growing bio-energy crops, reducing tax burden on qualifying farmers per bill summary.95% confidence ✗ EducationOpposes EducationBill exempts agricultural land from property taxes, reducing school district revenue (a key education funding source), effectively defunding public schools without explicit educational intent.85% confidence ✓ EnergySupports EnergyBill provides tax exemption for land growing bio-energy crops (cellulosic ethanol), directly promoting renewable energy production and incentivizing alternative fuel development.95% confidence ✓ EnvironmentSupports EnvironmentPromotes renewable energy use by exempting tax on bio-energy crop lands for cellulosic ethanol, supporting clean fuel alternatives and reducing fossil fuel dependence.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 2597: Exempts community colleges from the imposition of the metropolitan commuter transportation mobility tax

This bill exempts community colleges from paying the metropolitan commuter transportation mobility tax. It amends tax law to explicitly include community colleges in the list of educational institutions already exempt from this tax, alongside public schools, libraries, and other educational entities. The change directly affects community colleges by removing this specific tax burden from their operations. The bill makes a clear, concrete policy adjustment without altering broader tax structures or creating new requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts community colleges from tax burden, providing direct tax relief for public education institutions, aligning with tax relief for essential services.90% confidence ✓ EducationSupports EducationExempts community colleges from tax burden, reducing operational costs for higher education institutions.85% confidence

Sub-Topics Higher Education

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in committee · New York · Senate Jan 7, 2026

S 1439: Imposes an additional tax on income attributable to long-term capital gain

S 1439 (New York) imposes a new tax on investment income from long-term capital gains, dividends, and other low-taxed federal income types. It directly affects high-income New York residents with significant investment earnings, targeting individuals and estates with taxable income above specific thresholds. The bill adds a 7.5% tax on long-term capital gains above $400,000-$500,000 (depending on filing status), gradually increasing to 15% above $800,000-$1 million. This tax phases in over defined income ranges and is administered like existing state income tax. The bill is currently referred to the Budget and Revenue committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax on high-income capital gains, increasing state revenue from targeted investment income to strengthen fiscal management.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 3033: Relates to a tax deduction for small business employers for certain wages and compensation paid to employees earning minimum wage

Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax deduction for small businesses on low-wage employees, offering tax relief to small employers per bill's explicit tax policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 2002: Provides a tax exemption for property operating as a child day care

This bill creates a 50% property tax exemption for real estate used as a licensed child day care facility, as defined by state social services law. The exemption is optional for local governments - counties, cities, towns, or school districts must pass a local law to adopt it after a public hearing. Property owners operating qualifying day cares would see their tax bill reduced by half, but the exemption ends if the property stops being used for child care. Localities may also choose to limit the exemption to less than 50% through separate local laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% property tax exemption for licensed child day care facilities, providing targeted tax relief for qualifying properties and supporting childcare services.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5959: Creates deductions for creation or improvements of child care facilities

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax deductions reducing state tax revenue, weakening budgetary tax base90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 853: Establishes the New York manufacturing adequate domestic equipment credit (NY MADE)

S 853 creates a New York State tax credit called "NY MADE" for manufacturers producing medical equipment or personal protective equipment (PPE) within New York. The credit equals 20% of the wholesale value of qualifying equipment produced above the 2025 average for existing manufacturers, or 30% for new manufacturers starting production after the bill's enactment. It applies to taxable years beginning January 1, 2026, and is designed to support in-state manufacturing of healthcare-related equipment. The bill specifically defines "medical equipment" as devices used for treating illness or injury, excluding general-purpose items.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for healthcare manufacturers, aligning with tax relief indicators for business incentives.95% confidence ✓ HealthcareSupports HealthcareProvides tax incentives for in-state manufacturing of medical equipment/PPE, strengthening healthcare supply chain infrastructure and supporting healthcare-related production.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 520: Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes

Bill A 520 creates a tax credit allowing New York landowners to deduct 25% of real property taxes paid on land enrolled in forestry stewardship or habitat conservation programs. To qualify, land must be at least 25 contiguous acres, inspected by DEC-certified biologists, and committed to a 5-year conservation agreement with the Department of Environmental Conservation. The credit is capped at $10,000 annually per taxpayer and applies to personal income and business franchise taxes. Landowners must follow approved conservation plans and record agreements with local authorities to maintain eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing liability for conservation landowners, providing tax relief under fiscal policy.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for conservation programs, incentivizing habitat protection and forestry stewardship, directly advancing environmental conservation goals.95% confidence

Sub-Topics Tax Credits Conservation Forestry

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