Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 6663: Withholds the salary of the governor and members of the legislature if the budget is late until final ratification of the budget

Withholds the salary of the governor and members of the legislature if the budget is late until final ratification of the budget; forfeits withheld salary.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnforces timely budget passage via salary withholdings, promoting fiscal accountability and responsible budget management per topic definition.95% confidence

Sub-Topics State Budget

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in committee · New York · Senate Jan 7, 2026

S 241: Relates to excluding expenditures for school resource officers employed by a municipality and assigned to a school district from tax levy limitations

S 241 excludes costs for school resource officers (SROs) employed by a municipality but assigned to a school district from tax levy limits that restrict annual tax increases. This means school districts can cover these security personnel expenses without triggering the usual requirement for voter approval to raise taxes above the limit. The exemption applies only when the district complies with specific requirements under real property tax law. The bill directly affects school districts and municipalities managing school security funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts SRO costs from tax levy limits, enabling school districts to fund security without voter approval, supporting public safety funding under fiscal management.85% confidence ✓ EducationSupports EducationExempts school resource officer costs from tax limits, enabling districts to fund security personnel without voter approval, advancing school safety funding.90% confidence

Sub-Topics Property Tax School Safety

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in committee · New York · Assembly Jan 7, 2026

A 517: Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce

This bill would allow small businesses (defined as those with 50 or fewer employees) to deduct dues paid to their local incorporated chamber of commerce from their adjusted gross income. The deduction applies only to dues not used for lobbying activities, and the chamber must be incorporated under specific state law. It would take effect for tax years beginning on or after January 1, 2027. This policy change directly affects small businesses seeking to reduce taxable income through chamber membership costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for small business dues, reducing taxable income and offering tax relief to qualifying businesses.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4771: Relates to withholding the governor and lieutenant governor's salaries until the legislative passage of the budget occurs

This bill requires that the governor and lieutenant governor's bi-weekly salary payments be withheld if the legislature has not passed a budget by the start of a fiscal year. Payments resume and any withheld amounts are paid in full once the budget is approved. The bill defines "legislative passage of the budget" as both houses of the legislature acting on the governor's budget proposal, with the comptroller confirming it covers state operations for the coming year. It directly affects the governor and lieutenant governor by linking their salary payments to the timely passage of the state budget.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enforces fiscal accountability by withholding executive salaries until budget is passed, promoting timely budget adoption per fiscal management standards.95% confidence

Sub-Topics Audits & Accountability State Budget

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in committee · New York · Assembly Jan 7, 2026

A 6853: Establishes credits against income tax for a teacher's unreimbursed expenditures for qualified supplies

This bill creates a $500 annual tax credit for K-12 teachers in New York who pay out-of-pocket for approved classroom supplies. It covers expenses like books, writing tools, paper, instructional materials, and field trips, but excludes religious materials, sports programs, and most extracurricular activities (except music/drama). The credit reduces income tax liability, with any excess paid as a refund if it exceeds the tax owed. The credit applies to taxable years starting January 1, 2027, and is limited to qualified public or private schools. It directly benefits teachers who bear these costs without employer reimbursement.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for teachers' classroom expenses, reducing income tax liability for middle-income educators - direct tax relief under Budget & Taxes policy.95% confidence ✓ EducationSupports EducationTax credit directly offsets teachers' out-of-pocket classroom supply costs, enhancing resource availability for K-12 instruction per bill's purpose.95% confidence

Sub-Topics Income Tax Tax Credits Curriculum K-12 Education Teachers

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in committee · New York · Assembly Jan 7, 2026

A 5810: Establishes a child care tax credit

This bill creates a 25% state tax credit for eligible families paying for child care. It directly affects resident taxpayers with qualifying children under 13 (or disabled children) who need care to work, seek employment, or attend school. The credit covers 25% of documented child care expenses, excluding care provided by parents (unless in a certified facility or parent is unable) or by children over 19. The credit applies to taxable years starting January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for qualifying child care expenses, reducing tax burden for middle/lower income families seeking employment or education.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides 25% tax credit to reduce child care costs, enabling employment and workforce participation for qualifying families needing care to work or seek jobs.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4018: Relates to modifications reducing federal adjusted gross income

This bill allows taxpayers to subtract interest paid on qualified education loans and specific "education debt" from their taxable income. It creates two deduction options: (A) interest on loans already deductible under federal tax rules (26 U.S.C. §221), and (B) interest on state or federal student loans used solely for undergraduate tuition/expenses at college. Taxpayers cannot claim both deductions for the same expenses. The policy directly affects individuals with education-related debt who file state tax returns in this jurisdiction.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deductions for education loan interest, reducing taxable income for eligible taxpayers, aligning with tax relief indicators for middle/lower income individuals.95% confidence

Sub-Topics Debt & Bonds Income Tax

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in committee · New York · Senate Jan 7, 2026

S 7123: Relates to the reduction of taxes pursuant to shelter rent

This bill allows cities with a population over one million to reduce property taxes on qualifying affordable housing projects to zero percent. For other cities, it permits local governments to set taxes to zero percent upon approval. The tax exemption requires annual consent from the local legislative body, expires every ten years, and reverts to a minimum 10% tax rate if not renewed. It applies to projects financed through limited-profit housing programs and remains in effect as long as the project's mortgage loans are outstanding.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces property taxes to zero percent for affordable housing projects, providing direct tax relief for qualifying developments targeting lower-income housing needs.95% confidence ✓ HousingSupports HousingBill provides tax exemptions for affordable housing projects, directly reducing costs to incentivize development and increase housing affordability.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 4532: Creates the non-partisan office of policy research and fiscal analysis

Bill A 4532 creates a non-partisan office within the state legislature to provide independent analysis of policy and fiscal matters. The office will conduct cost-benefit analyses of proposed legislation and state programs at the request of legislators, evaluate budget surpluses/gaps, assess fiscal reserves, and review debt management practices. The director, appointed by a two-thirds vote of both legislative chambers to ensure non-partisanship, serves a seven-year term and reports annually to legislative leaders. This office aims to enhance informed decision-making by offering data-driven insights on fiscal impacts and program effectiveness.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates independent fiscal analysis office to promote responsible budget management, transparency, and evidence-based fiscal decisions per bill summary.95% confidence

Sub-Topics State Budget

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in committee · New York · Senate Jan 7, 2026

S 5870: Relates to taxpayer relief on cell phone taxes

S 5870 eliminates the state sales tax on wireless phone services, directly reducing costs for consumers who pay for mobile phone plans. It also gives cities, counties, and school districts the option to either impose their own local tax on these services or adopt the state-level exemption. Local governments must formally adopt the exemption through a resolution by March 1, 2026, with the state tax removal taking effect on that date. The bill specifically applies to mobile telecommunications services, excluding other tax exemptions like solar energy or clothing.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates state sales tax on wireless services, providing direct tax relief to consumers and local option for tax adoption, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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