Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 2575: Repeals the Empire state film production credit and the Empire state film post production credit

This bill repeals two New York State tax credits: the Empire State Film Production Credit and the Empire State Film Post-Production Credit. It directly affects film production companies that previously claimed these credits to offset tax liabilities for eligible filming activities in New York. The bill removes these specific credit provisions from the state tax law by repealing corresponding sections of the tax code. This eliminates the financial incentive for film producers to qualify for these credits under current law. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill repeals film tax credits, increasing state revenue and strengthening budget by removing tax expenditures95% confidence

Sub-Topics Tax Incentives

Track

in committee · New York · Senate Jan 7, 2026

S 4794: Alters tax exemption programs for the development of new and affordable housing

Alters tax exemption programs for the development of new and affordable housing; defines "initial construction period" and "extended construction period"; makes related changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAlters tax exemptions to incentivize affordable housing development, providing tax relief for lower-income housing programs and promoting fiscal responsibility in housing affordability.90% confidence ✓ HousingSupports HousingAlters tax exemptions to incentivize affordable housing development, directly advancing the topic through funding mechanisms and strengthening housing programs per indicators.90% confidence

Sub-Topics Tax Incentives Affordable Housing Historic Preservation Property Taxes

Track

in committee · New York · Assembly Jan 7, 2026

A 806: Provides a green infrastructure tax abatement for certain properties in N.Y. city

Provides a green infrastructure tax abatement for the construction of green infrastructure projects on certain properties in a city of one million or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (relief) for green infrastructure projects, directly aligning with tax policy support for sustainable development incentives.90% confidence ✓ EnvironmentSupports EnvironmentTax abatement incentivizes green infrastructure construction, directly reducing urban pollution and promoting environmental protection per bill's purpose.95% confidence

Sub-Topics Tax Incentives

Track

in committee · New York · Senate Jan 7, 2026

S 4847: Establishes a tax deduction for expenses related to early intervention supplies

Establishes a tax deduction for expenses not in excess of five hundred dollars paid by eligible qualified personnel or an eligible service coordinator for early intervention supplies.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax deduction for early intervention supplies, providing tax relief to eligible personnel, aligning with support indicators for middle-income tax relief.95% confidence

Sub-Topics Tax Incentives

Track

in committee · New York · Senate Jan 7, 2026

S 7845: Establishes broadband opportunity areas

Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemptions for broadband infrastructure, a form of tax relief to incentivize development and expand broadband access.90% confidence ✓ TechnologySupports TechnologyProvides tax exemptions for broadband infrastructure in designated areas, directly expanding internet access and digital equity.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Broadband Access Telecommunications

Track

in committee · New York · Assembly Jan 7, 2026

A 1520: Discontinues certain real property tax exemptions for real property used for major league sports teams

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2026 assessment roll.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax exemption for sports teams, increasing state revenue by ending a loophole, aligning with fiscal responsibility.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jan 7, 2026

A 5060: Provides for a partial real property tax exemption for the water filtration plant for the City of Newburgh, Orange County, New York

This bill provides a partial tax exemption for the City of Newburgh's water filtration plant in Orange County, specifically covering the increased property taxes caused by the construction of a granular activated carbon (GAC) treatment system. The exemption applies to taxes owed to the town of New Windsor, the Newburgh Enlarged City School District, and the Cornwall Central School District, offsetting the $250,000+ tax increase after the GAC system was built to remove PFAS contaminants from the water supply. To qualify, the city must withdraw ongoing tax court cases related to the reassessment. The exemption covers only the tax rise directly tied to the GAC system, not the plant's base value.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for public infrastructure, reducing municipal tax burden for essential water treatment project, aligning with fiscal responsibility and public service funding.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemption for PFAS-removing GAC water filtration plant, directly addressing pollution control and environmental protection of water resources.90% confidence ✓ HealthcareSupports HealthcareBill enables PFAS removal via water filtration plant, directly supporting public health program by addressing contaminant risks in drinking water.85% confidence

Sub-Topics Property Tax Tax Incentives Drinking Water

Track

in committee · New York · Assembly Jan 7, 2026

A 6910: Exempts a portion of poll workers' income earned on an election day from state income tax

Exempts a portion of poll workers' income earned on an election day from state income tax; requires the board of elections, in conjunction with the department of taxation and finance, to conduct a public awareness campaign to inform poll workers of such tax exemption; requires the department of taxation and finance to issue guidelines on how poll worker income should be reported on tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts poll workers' election day income from state tax, providing tax relief for lower-income workers as a direct fiscal benefit.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts poll workers' election day income from tax, increasing net earnings and directly supporting workers' financial compensation for specific labor.95% confidence

Sub-Topics Income Tax Tax Incentives

Track

in committee · New York · Senate Jan 7, 2026

S 6595: Provides a tax abatement for facilty-integrated carbon-to-value equipment

Bill S 6595 establishes a property tax abatement program for owners of certain buildings in cities with populations of one million or more. This program incentivizes the installation of "facility-integrated carbon-to-value equipment" designed to capture, remove, or beneficially use carbon dioxide emissions. Eligible property owners can receive an abatement for a compliance period of up to eight years, calculated as the lesser of 5% of eligible equipment expenditures, the taxes payable, or $100,000 annually (with a potential maximum of $800,000). The equipment must demonstrate a net reduction in carbon dioxide emissions, and specific restrictions apply, including for certain boiler systems and locations within environmental justice areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a property tax abatement program, directly creating a tax incentive for businesses to adopt carbon capture equipment, advancing tax policy as a fiscal tool.95% confidence ✓ EnergySupports EnergyBill incentivizes carbon capture technology via tax abatement, promoting emissions reduction in energy infrastructure per clean energy indicators.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes CO2 capture technology via tax abatement, directly reducing emissions and advancing environmental protection through carbon management.95% confidence

Sub-Topics Property Tax Tax Incentives Environmental Justice

Track

in committee · New York · Senate Jan 7, 2026

S 7192: Establishes a property tax exemption for police officers who serve in the state of New York

This bill would create a property tax exemption for New York police officers who live in the state. It allows local governments to exempt up to 15% of a qualified officer's primary residence value from property taxes, capped at $12,000 or the equivalent based on state tax rates. Officers must apply annually using a state-provided form and refile each year. The exemption excludes school taxes and applies only to residential property used exclusively for living. The bill is currently pending in the Local Government committee (referenced April 3, 2025).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for police officers, reducing their tax burden as a form of tax relief for public servants.90% confidence

Sub-Topics Property Tax Tax Incentives

Track