Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 468: Relates to providing a tax credit for qualified expenses relating to healthy living

Relates to providing a tax credit for qualified expenses relating to healthy living; provides such credit shall equal, up to one thousand dollars, the amount paid by the taxpayer during the taxable year for qualified expenses relating to healthy living.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing taxable income for healthy living expenses, offering direct tax relief per bill's explicit language.90% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 209: Establishes a Hire-Now tax credit

S 209 establishes a tax credit for businesses that create new full-time jobs in the state. It provides a credit equal to 6.85% of a new employee's gross wages (capped at $5,000 per employee annually for three consecutive years), with an additional $3,000 credit for hires who were receiving unemployment benefits during 2027-2028. The credit applies only to employees hired after July 1, 2026, who increase a business's total workforce above its 2025 employment level (defined as "base employment"). Businesses can use the credit to offset quarterly tax payments, and the credit cannot be claimed if other employment-based credits apply for the same hire.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides business tax credit to incentivize job creation, reducing state tax revenue to stimulate economic growth and workforce development.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill incentivizes job creation via tax credits (including $3k for unemployment beneficiaries), directly advancing employment growth and reducing unemployment rates.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Unemployment

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in committee · New York · Senate Jan 7, 2026

S 4166: Relates to taxpayers affected by a federal government shutdown

Relates to taxpayers affected by a federal government shutdown by granting an extension for those who are furloughed and expediting their tax refunds.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via refund expediting for furloughed workers, aligning with tax relief indicators for middle-income taxpayers affected by federal shutdown.85% confidence

Sub-Topics Revenue State Budget

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in committee · New York · Senate Jan 7, 2026

S 1262: Establishes certain credits against income tax for nurses

Establishes a five hundred dollar credit against income tax for nurses employed on a full-time basis for not less than six months and nurses teaching at institutions of higher education on and after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for nurses, reducing tax burden for middle-income workers - direct tax relief aligning with support indicators.95% confidence ✓ HealthcareSupports HealthcareTax credit for nurses directly supports healthcare workforce retention/recruitment, aligning with medical professional support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $500 tax credit to nurses, directly increasing income for healthcare workers and supporting labor retention in critical employment sector.90% confidence

Sub-Topics Income Tax Healthcare Workforce

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in committee · New York · Senate Jan 7, 2026

S 1307: Establishes a tax credit for the adoption of a dog or cat

This bill creates a $100 tax credit for individual taxpayers who adopt one to three dogs or cats per year from qualifying shelters, rescues, or animal welfare organizations. The credit applies to taxable years beginning January 1, 2025, and requires adopters to provide proof of spaying or neutering when claiming the credit. It directly affects taxpayers adopting pets from approved sources, with the credit limited to three animals annually. The policy provides a direct financial incentive for pet adoption through the state tax system, effective for 2025 tax filings.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $100 tax credit for pet adoption, directly providing tax relief through a new credit program under taxation policy.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 8113: Relates to a tax credit for the purchase of new and used electric vehicles

Establishes a tax credit for the purchase of new and used electric cars; provides that for a new electric vehicle, the tax credit shall be $7,500 and the tax credit for a used electric vehicle shall be $4,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credits for EV purchases, directly reducing taxpayer burden and promoting clean energy adoption through fiscal incentives.95% confidence ✓ EnergySupports EnergyTax credits for EVs directly reduce fossil fuel dependence and advance renewable energy adoption per bill's intent.95% confidence ✓ EnvironmentSupports EnvironmentTax credit for electric vehicles directly promotes clean energy adoption and reduces transportation emissions, aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation via tax credits for EV purchases ($7,500 new, $4,000 used), directly advancing vehicle electrification policy95% confidence

Sub-Topics Tax Credits Electric Vehicles Electric Vehicles

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in committee · New York · Senate Apr 30, 2025

S 7526: Enacts the private activity bond allocation act of 2025

Bill S 7526, known as the "private activity bond allocation act of 2025," establishes a new formula for distributing the state's annual volume ceiling for certain tax-exempt private activity bonds. This bill directly affects state and local government agencies, as well as other entities that issue these bonds for projects such as housing, economic development, and job creation. The bill divides the statewide bond volume ceiling into three equal portions. One-third is set aside for local agencies based on population, another third for state agencies, and the final third forms a statewide bond reserve for additional allocations to either state or local entities. This system aims to create an orderly and efficient process for allocating these bonds, which require an allocation to qualify for federal tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new bond allocation formula for tax-exempt private activity bonds, directly managing fiscal resources for housing/economic development projects.90% confidence ✓ HousingSupports HousingBill allocates tax-exempt bonds for housing projects, directly funding housing development as an eligible use under the bond program.95% confidence

Sub-Topics Debt & Bonds State Budget Tax Incentives Housing Finance Property Development

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in committee · New York · Senate Jan 7, 2026

S 1123: Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500

Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing tax burden for volunteer first responders, aligning with tax relief for lower-income groups per topic indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Feb 3, 2026

S 1876: Relates to capping the state budget at fifteen percent of total state gross domestic product

Relates to capping the state budget at fifteen percent of total state gross domestic product for the prior calendar year, as determined by the state comptroller.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps state budget at 15% GDP, restricting government spending growth. Directly limits fiscal expenditure per topic description.95% confidence

Sub-Topics Debt & Bonds Government Spending State Budget

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in committee · New York · Assembly Jan 7, 2026

A 7504: Enacts the "Affordable NY act"

This bill, the "Affordable NY Act," increases property tax relief for homeowners and adjusts New York's personal income tax rates. It directly affects homeowners who qualify for the STAR (School Tax Relief) program by doubling the base exemption amount for enhanced STAR from $30,000 to $60,000 (effective 2025-2026) and linking future increases to the Consumer Price Index. For income taxes, it revises tax brackets, lowering rates for middle-income earners (e.g., reducing the top rate for income over $161,550 from 6.57% to 6.49% in 2019). The changes take effect immediately for some provisions and for others starting in 2025. These adjustments aim to reduce tax burdens for qualifying homeowners and middle-income taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax relief for homeowners and lowers income tax rates for middle-income earners, providing direct tax relief per bill summary.95% confidence ✗ EducationOpposes EducationBill increases STAR exemption, reducing school tax revenue which defunds K-12 schools by lowering local property tax contributions to school districts.85% confidence

Sub-Topics Income Tax Property Tax Tax Incentives

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