Budget & Taxes (Business Taxes)

in committee · New York · Senate Jun 12, 2025

S 3330: Relates to professional employer organization services

Provides that receipts from other services and other business receipts, taxpayers, and combined groups including members, engaged in providing professional employer organization services shall include with such receipts amounts received with respect to wages, benefits, and other employee expenses disbursed to or for the benefit of a client's worksite employees and the related employment taxes if the amounts received are included in the calculation of the business income base or the combined business income base, respectively.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires PEOs to include client employee expense amounts in taxable income base, closing a tax loophole to increase revenue.85% confidence

Sub-Topics Business Taxes

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in committee · New York · Senate Jan 7, 2026

S 6539: Relates to authorizing small business tax-deferred savings accounts

This bill creates tax-deferred savings accounts for eligible small businesses in New York, allowing them to deposit up to $5,000 annually. Funds must be used for qualifying business expenses like equipment, building improvements, or job creation; withdrawals for non-qualifying purposes become taxable income. The state requires annual reports tracking account usage, deposits, and spending to assess the program's impact. It amends tax law to define these accounts and mandates reporting by the Department of Taxation and Finance.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax-deferred savings accounts for small businesses, providing tax relief and incentivizing business investment through tax-advantaged savings.95% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 5002: Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training

This bill creates a tax credit for small businesses (50 or fewer employees) that pay wages to staff attending required sexual harassment prevention training. Businesses can claim a credit equal to 50% of wages paid for training time, capped at $50 per employee per year. Unused credit can be carried forward for up to five years to offset future tax liability. The credit applies to taxable years beginning January 1, 2026, and covers only one training session per employee annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses, reducing tax burden and providing fiscal relief, directly supporting tax policy objectives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit to cover wages during mandatory sexual harassment prevention training, removing financial barriers for workers and advancing workplace safety protections.95% confidence

Sub-Topics Business Taxes Tax Credits Employment Discrimination

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in committee · New York · Senate May 14, 2026

S 1451: Relates to creating the Neighborhood Small Business Rent Increase Exemption

Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax abatement provides direct tax relief for small businesses by limiting rent increase impacts, aligning with support indicators for fiscal relief.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 7016: Relates to expanding New York's manufacturing tax incentive to S corporations

This bill extends New York's existing manufacturing tax incentive program to S corporations that qualify as New York manufacturers. It allows shareholders of these S corporations to claim a tax credit based on distributions received from qualifying manufacturing businesses, rather than only C corporations previously eligible. The key mechanism adjusts tax law provisions to calculate the credit using a formula tied to shareholder distributions and income derived from New York manufacturing activities. This change directly affects S corporation shareholders operating in New York's manufacturing sector by providing them access to a tax benefit previously unavailable to their entity structure.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill expands tax credit to S corporations, reducing state revenue. This weakens tax base per 'oppose' indicators (weakens tax system, reduces revenue).85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7643: Relates to the pass-through entity tax credit and the city pass-through entity tax credit

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps pass-through entity tax credits at 87% of tax due, restricting tax relief and protecting state revenue.90% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 3471: Establishes business franchise, personal income and insurance franchise tax credits for the expenses of employer provided or sponsored child care

S 3471 creates tax credits for New York employers who provide or sponsor on-site or nearby child care facilities. It offers a 10% credit (up to $10,000) on eligible operating costs and a 20% credit (up to $20,000) for qualified facility construction or improvements. The bill requires facilities to be licensed, serve primarily employees' children (excluding households earning over $200,000 annually), and comply with specific reporting rules. These credits apply to business franchise, personal income, and insurance franchise taxes under New York law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credits reducing business tax liability for child care expenses, providing direct tax relief under fiscal policy.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for employer-sponsored childcare, reducing employee costs and supporting work-life balance for workers with childcare needs.95% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2522: Establishes a qualified transportation fringe benefits program

Establishes a qualified transportation fringe benefits program; allows for an itemized deduction for the full amount of expenses for any qualified transportation benefit provided to an employee of the taxpayer.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deduction for employer transportation benefits, providing tax relief under taxation policy.95% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4454: Relates to establishing a first permanent payroll employee tax credit

Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for businesses, providing direct tax relief and reducing government tax revenue, aligning with tax policy support indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 695: Relates to authorizing small business tax-deferred savings accounts

Relates to authorizing small business tax-deferred savings accounts for the purpose of improving facilities of such business and for procurement of machinery or equipment.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax-deferred accounts for small businesses, providing tax relief through deferred taxation on business investments.90% confidence

Sub-Topics Business Taxes Procurement Tax Incentives Tags Small Business

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