Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 5380: Requires introducer's memorandum to include a statement of fiscal impact affecting political subdivisions

This bill (S 5380) requires that every bill submitted to the legislature include a specific statement in its introducer's memorandum detailing how the bill would affect local government budgets. It directly affects political subdivisions like counties, cities, towns, and school districts by mandating that bill sponsors explain the financial impact on these local entities. The key provision adds a new requirement to legislative law, forcing sponsors to explicitly state the fiscal consequences for local governments before a bill can be formally introduced. This change aims to provide transparency about budgetary effects early in the legislative process. The bill does not alter policy content but changes the documentation required for bill introductions.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires fiscal impact statements for local budgets, promoting transparency and fiscal responsibility in legislative spending.85% confidence

Sub-Topics Audits & Accountability State Budget

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in committee · New York · Senate Jan 7, 2026

S 3372: Relates to providing for taxpayer gifts for uterine fibroids education and establishes the uterine fibroids education fund

This bill allows taxpayers to voluntarily contribute any whole dollar amount to a new "uterine fibroids education fund" when filing state corporate or personal income taxes. The contributions, which do not reduce the taxpayer's required tax payment, will be collected through designated spaces on tax forms. All funds will be managed by the state's tax and finance departments and used exclusively for approved educational programs about uterine fibroids, including grants for healthcare providers and public outreach initiatives. The fund is established under the state finance law, with spending requiring approval from the health department and annual expenditure requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes voluntary tax contributions to fund uterine fibroids education, creating new state spending via tax system for public health programs.90% confidence ✓ HealthcareSupports HealthcareCreates dedicated fund for uterine fibroids education programs, increasing healthcare education funding and improving patient access to condition-specific information.95% confidence

Sub-Topics Government Spending

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in committee · New York · Senate Jan 7, 2026

S 298: Relates to providing a state income tax exemption for volunteer firefighters and volunteer ambulance workers

Provides a state income tax exemption for volunteer firefighters and volunteer ambulance workers who have qualifying service in the taxable year for which such exemption is sought.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for volunteer first responders, reducing taxable income - direct tax relief for lower-income service workers.95% confidence

Sub-Topics Income Tax Tax Incentives

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passed · New York · Senate Jun 9, 2025

S 6166: Relates to delinquent tax interest rates

This bill sets a maximum 16% annual interest rate and a minimum 2% annual interest rate on late payments for residential property taxes, replacing higher local rates. It applies to residential properties including condos and co-ops, but excludes vacant and abandoned properties listed on a statewide registry. The interest rate will be tied to the prime rate (as defined by the commissioner), with the initial rate based on 2026 data and updated every five years. This limits how much interest homeowners can be charged on overdue residential tax bills, ensuring rates stay within the 2%-16% range.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps delinquent tax interest rates for residential properties, limiting penalties and providing relief to homeowners.95% confidence ✓ HousingSupports HousingCapping delinquent tax interest rates protects homeowners from excessive financial burden, supporting housing stability and property rights as part of affordable housing policy.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 2653: Requires the state pay taxes on the assessed value of properties of closed state prisons

Requires the state pay taxes on the assessed value of properties of closed state prisons until such prison is reopened, used by another state agency, or is conveyed to a non-governmental entity.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole by requiring state to pay property taxes on closed prison properties, promoting fiscal responsibility.95% confidence

Sub-Topics Debt & Bonds Property Tax Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 1296: Establishes an annual spending growth cap

S 1296 establishes a cap on annual growth for state spending on day-to-day operations (excluding federal funds and capital projects). The cap equals the average of the prior three years' inflation rates (or 2%, whichever is lower). The governor must certify budget proposals don't exceed this cap, and the comptroller verifies compliance after the legislature acts. Exceptions allow exceeding the cap only during declared emergencies with a two-thirds legislative vote. This directly affects how the governor and legislature draft and approve the state budget each year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill caps annual state spending growth to promote fiscal responsibility, directly aligning with budget management principles in the topic description.95% confidence

Sub-Topics Debt & Bonds Government Spending State Budget

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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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