Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 7244: Relates to eligibility for a real property tax exemption for members of the reserve

Provides eligibility for a real property tax exemption for current or retired military reservists based on participation in formal training activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides real property tax exemption for military reservists, reducing tax burden - tax relief aligns with support indicators for fiscal relief.90% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists, a financial benefit enhancing veterans' support through reduced property tax burden.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

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in committee · New York · Senate Jan 7, 2026

S 696: Authorizes a real property tax exemption for certain eligible reservists

Authorizes a real property tax exemption for certain eligible reservists upon adoption of a local law, ordinance or resolution providing therefor; requires property of such eligible reservists to be the primary residence; requires such reservist must have retained active duty status for at least 90 consecutive days to claim such tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for reservists, a form of tax relief directly impacting taxation policy within Budget & Taxes framework.95% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists meeting service criteria, directly enhancing financial benefits for veterans as a form of recognition and support.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 6739: Relates to eligibility under the green building tax credit

This bill amends New York's tax law to include residential buildings as eligible for the green building tax credit. It directly affects homeowners and developers constructing residential properties who may now qualify for this tax incentive. The key change adds "any residential building" to the list of eligible structures under the tax credit program, removing previous restrictions that excluded them. This adjustment simplifies eligibility by expanding the definition of qualifying buildings under the existing tax credit framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for residential buildings, providing tax relief to homeowners and developers under New York's tax law.95% confidence ✓ EnergySupports EnergyExpands green building tax credit to residential properties, promoting energy efficiency and renewable energy adoption through financial incentives for sustainable construction.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credit eligibility for residential green buildings, promoting sustainable construction and reducing environmental impact through financial incentives.95% confidence ✓ HousingSupports HousingExpands green building tax credit to residential buildings, incentivizing housing development by removing eligibility restrictions for developers.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1683: Restricts sales tax exemptions on fur-bearing articles of clothing or footwear

This bill amends New York's tax law to remove sales tax exemptions for fur-bearing clothing and footwear. It specifically excludes these items from the existing tax exemption that applies to most clothing and footwear, meaning retailers must now collect sales tax on such products. The change directly affects businesses selling fur-lined coats, boots, or other fur-bearing apparel, as well as consumers purchasing these items. The policy shift takes effect during the next quarterly tax period following the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes sales tax exemption for fur-bearing clothing, closing a tax loophole and increasing state revenue. This directly enhances state budget through expanded tax collection.90% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 903: Provides a rent increase exemption to persons with disabilities

This bill modifies property tax abatement rules to provide exemptions for households with a person with a disability. It sets specific income limits: $50,000 for general disability status, $29,000 for those receiving Social Security Disability Insurance (SSDI) or medical assistance, and federal SSI income thresholds for others. Households exceeding these limits lose eligibility for tax abatements. Municipalities with existing qualifying policies can continue using them without new legislation. (Note: The bill addresses property tax abatements, not rent increases, as clarified in the text.)

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for lower-income disability households via property tax abatement with income limits ($29k-$50k), aligning with tax relief indicators for middle/lower income.90% confidence ✓ HousingSupports HousingProvides tax abatement exemptions for disabled households, reducing housing costs and increasing affordability for a vulnerable group.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters Tags People with Disabilities

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in committee · New York · Senate Jan 7, 2026

S 1575: Provides that certain real property tax exemptions shall only be granted where such property is actually used for certain enumerated purposes

Provides that real property tax exemptions granted to real property owned by corporations or associations organized or conducted exclusively for hospital or for purposes related to the moral or mental improvement of men, women, or children and used exclusively for carrying out such purposes shall only be granted if the property owner can prove by clear and convincing evidence that each acre is actually used for such purpose at least 120 days a year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax exemptions by requiring proof of use, closing a potential loophole and increasing tax revenue from properties that fail to meet criteria.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3115: Authorizes assessing units to provide a real property tax exemption for private airports

Allows cities and towns to pass a local law or resolution, subject to permissive referendum, to allow a real property tax exemption for privately-owned, public use airports; provides the percentage of exemption would be specified in the law or resolution; provides the exemption would be limited to improvements to the airport used for takeoff, landing, taxiing and open air parking of aircraft, air navigation or communications facilities and passenger terminals available to the public without charge.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax exemption for private airports, reducing local government tax revenue, aligning with weakening tax collection and fiscal management.85% confidence ✓ TransportationSupports TransportationBill provides tax exemption for airport infrastructure improvements, directly supporting aviation transportation infrastructure maintenance and public use airport development.95% confidence

Sub-Topics Property Tax Tax Incentives Airports

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died · New York · Senate Apr 27, 2026

S 2124: Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties

Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties; authorizes the allocation of the credit in a separate manner from any federal certified historic tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax credit transfers for historic property rehabilitation, enabling tax incentives under fiscal management. Directly addresses tax policy through credit allocation.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7922: Relates to limitations on interest on taxes imposed by cities with a population of one million or more

Provides that no interest shall accrue on taxes imposed by a city with a population of one million or more unless a tax appeals tribunal shall have made a determination within one year from the date a petition is filed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill prevents interest accrual on city taxes for large populations, providing tax relief to taxpayers by reducing their financial burden on unpaid taxes.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1878: Includes land used for processing or retail merchandising of agricultural products within the real property tax exemption for land used in agricultural production

Includes land used for processing or retail merchandising of agricultural products within the real property tax exemption for land used in agricultural production.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands real property tax exemption for agricultural processing/retail land, providing tax relief to businesses, aligning with tax policy support.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Tags Agriculture

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