Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 6839: Increases the earned income tax credit

This bill increases New York State's Earned Income Tax Credit (EITC) rate to 45% for taxable years beginning in 2025, up from 30% previously. It directly affects low-to-moderate income working New York residents who qualify for the federal EITC. Key provisions include new payment options: taxpayers can choose a lump sum for credits under $200, quarterly payments for credits between $200-$2,400, or monthly payments for larger credits. The change applies to 2025 tax returns and includes a mechanism for the state to adjust the credit if federal funding changes impact the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC rate to 45% for low-to-moderate income workers, providing tax relief and expanding state-funded credit for qualifying residents.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases EITC rate for low-income workers, directly boosting earnings and expanding tax benefits for employed residents.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2317: NY local food and products sourcing tax credit

This bill creates a tax credit for New York businesses that source a significant portion of their products locally. It directly affects businesses subject to New York's income tax (Article 9 or 9-A) that sell food or goods, provided they source 20% to 100% of their net sales from New York producers. The credit amount varies based on the percentage of local sourcing: $1,500 for 20%, up to $25,000 for 100% local sourcing, with no carryover of unused credits to future years. Businesses must submit a report with their tax return detailing local producer names, locations, purchase amounts, and units bought.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for businesses sourcing locally, providing direct tax relief to qualifying entities under NY income tax, aligning with tax policy support indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 208: Provides a tax credit for the cost of fishing and hunting licenses issued to volunteer firefighters and ambulance workers

This bill creates a tax credit for New York resident volunteer firefighters and ambulance workers who pay for fishing or hunting licenses. It allows them to claim a credit equal to the full cost of those licenses (including tags and permits) against their state income tax. The credit applies only to those who served as active volunteers for the entire previous year, and any unused portion can be carried forward to future tax years. The credit becomes effective for tax years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax relief for volunteer public safety workers via credit against state income tax, aligning with tax relief indicators for lower-income groups.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4487: Relates to payment of a supplemental empire state child tax credit

This bill creates a $1,000 supplemental payment for New York taxpayers who claim a newborn baby as a dependent on their federal tax return. It directly affects parents or guardians with newborns not previously claimed as dependents, providing the payment for each qualifying child starting in tax year 2026. The payment is issued automatically by the state tax commissioner and treated as an overpayment if it exceeds the taxpayer's state tax bill. The credit applies to newborns born in the current or prior tax year, with payments beginning April 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,000 tax credit payment for parents claiming newborns, providing direct tax relief through state tax system for qualifying families.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5030: Provides a tax credit to certain landowners who allow snowmobile access on such land

This bill creates a tax credit for landowners who allow snowmobile access on their property via state-funded snowmobile trails. Landowners can claim a credit of $0.10 per linear foot of trail on their property, capped at $750 annually. Unused credit can be carried forward to future tax years (with specific limits) or refunded, but cannot be carried beyond 2035. The credit applies to personal income tax and requires the trail to be part of a state-funded system.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing landowners' tax liability, aligning with tax relief support indicator.90% confidence ✓ TransportationSupports TransportationBill funds state snowmobile trails via tax credit, directly supporting recreational transportation infrastructure within the defined topic area.92% confidence

Sub-Topics Income Tax Tax Credits

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failed · New York · Assembly Jan 7, 2026

A 5934: Establishes a college student expense personal income tax credit

Establishes a college student expense personal income tax credit for a taxpayer or such taxpayer's dependents who are enrolled full-time in an undergraduate college, equal to the amount paid for new and used required textbooks and laptop computers not to exceed one thousand dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for student textbook/laptop expenses, reducing tax burden for lower/middle-income families through direct tax relief.95% confidence ✓ EducationSupports EducationBill provides tax credit for college student textbook/laptop costs, directly supporting higher education affordability and access through financial assistance.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2036: Provides a tax credit to taxpayers who grow the base ingredients necessary for the production of beer

This bill (A 2036) creates a tax credit for farmers who grow the base ingredients (like hops, barley, or malt) used to make beer. It allows these farmers to claim a credit equal to their production costs - such as seed, fertilizer, equipment, and labor - when selling those ingredients directly to registered beer distributors. The credit does not apply to ingredients added for flavor, color, or other beer characteristics. This policy directly affects agricultural producers supplying core beer ingredients, providing a financial incentive tied to specific production costs and sales channels.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit to agricultural producers, reducing tax burden - direct tax relief supporting fiscal policy for specific industry.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5594: Establishes a tax credit for small businesses employing an eligible immigrant worker

This bill creates a $1,500 tax credit for small businesses (with 50 or fewer employees) that hire and retain eligible immigrant workers in full-time positions for at least six months. The credit directly benefits qualifying small businesses by reducing their tax liability and supports immigrant workers seeking stable employment. Businesses claim the credit per eligible worker hired and maintained for the required six-month period. The policy change applies only to small businesses meeting the employee threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,500 tax credit for small businesses, reducing tax liability and providing targeted tax relief per eligible worker hired.90% confidence ✓ ImmigrationSupports ImmigrationBill S 5594 establishes a tax credit for small businesses employing eligible immigrant workers, directly supporting immigrant employment and integration.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes small businesses to hire/retain immigrant workers in full-time roles, directly supporting stable employment and labor market participation per bill summary.95% confidence

Sub-Topics Business Taxes Tax Credits Work Authorization Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 2480: 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 tax credit for state residents and businesses that purchase and install qualifying water filtration or purification systems in their homes or business locations within the state. The credit applies per residence or business and requires systems to remove impurities using physical barriers, chemical processes, or biological methods installed by a professional. Taxpayers can claim one credit per eligible location for new installations. The credit becomes available for tax years beginning January 1, 2025, and applies to systems installed after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $500 tax credit for water filtration systems, reducing tax burden for residents/businesses, aligning with tax relief indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes water filtration systems that remove impurities, directly supporting pollution control and water quality under environmental protection.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 23: Expands a certain tax credit for farmers to include the cost of construction of housing for farm workers

S 23 expands an existing tax credit for farmers to include the cost of constructing housing for farm workers. This change directly affects farmers who build residential housing for their employees, allowing them to claim the credit for construction materials and labor. The bill amends tax law to explicitly add "construction of residential housing occupied by farm workers" to the list of eligible expenses under the credit, which previously covered farm-related equipment and property. Farmers must still meet other requirements, such as property situs in the state and use in farming operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for farmers, providing tax relief for housing construction costs, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingBill expands tax credit for farm worker housing construction, directly incentivizing affordable housing development for low-income workers through financial support.90% confidence ✓ ImmigrationSupports ImmigrationS 23 expands tax credits for farm worker housing, indirectly benefiting immigrant farm workers by improving their living conditions and supporting their integration.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax credit for farm worker housing construction, directly improving living conditions for agricultural workers under employment standards.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Tags Agriculture

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