Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 170: Provides business tax credit for employer provided day care

Provides employers with a tax credit in an amount not to exceed 20% of expenses incurred in providing day care services to the children and wards of its employees and in training persons employed by the taxpayer or a third party provider rendering such services; provides that to receive such credit the facility or program rendering day care services must be licensed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides business tax credit (20% of day care expenses), directly reducing taxable income for employers, aligning with tax relief indicators for Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for employer-provided day care, expanding worker benefits as per indicators.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 5419: Provides a tax credit for persons who vote in a special or general election

This bill creates a $50 tax credit for New York state resident voters who participate in a state general or special election. It directly affects eligible voters by adding $50 to their state tax refund or reducing their tax liability when filing their state income tax return for the year they voted. The credit applies only once per tax year, even if multiple elections occur, and requires voters to have completed standard election identification processes. The credit is applied against the state income tax, with any excess amount refunded like a standard overpayment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $50 tax credit for voters, reducing tax liability, aligning with tax relief indicator for middle/lower income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 2370: Establishes a credit against income tax for service dogs

This bill creates a state income tax credit for taxpayers who maintain service dogs. It allows a credit equal to qualified expenses (like food, vet care, training, and boarding) for service dogs, capped at $1,000 per year for taxable years beginning January 1, 2025. Unused credit amounts can be carried forward to future tax years, but the annual credit limit remains $1,000. The credit directly benefits individuals who rely on service dogs for daily functioning, as defined by existing civil rights law.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state income tax credit for service dog expenses, providing tax relief to qualifying individuals, aligning with fiscal support for middle-income taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5366: Provides a tax credit to corporations that purchase qualified green construction equipment

Provides a tax credit to corporations that purchase qualified green construction equipment equivalent to thirty percent of the total expenses incurred during the taxable year in purchasing such equipment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides corporate tax credit (30% of equipment costs), creating a tax break for businesses, aligning with 'oppose' indicator of tax breaks primarily for wealthy entities.85% confidence ✓ EnergySupports EnergyTax credit for green construction equipment directly incentivizes renewable energy infrastructure investment, aligning with support indicators for clean energy funding.90% confidence ✓ EnvironmentSupports EnvironmentTax credit for green construction equipment directly incentivizes eco-friendly corporate practices, aligning with environmental protection and pollution reduction goals.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 2316: Provides a tax credit for farmers who use qualified biodiesel fuel for the sole operation of their farm equipment

This bill provides a tax credit to eligible farmers who use qualified biodiesel fuel exclusively in their farm equipment. The credit equals $0.01 per percent of biodiesel per gallon (capped at $0.20 per gallon) for qualified biodiesel fuel purchased during the tax year. It applies to farmers primarily engaged in farming (Section 1) or those with at least two-thirds of federal gross income from farming (Section 2), with definitions specifying biodiesel must meet ASTM D 6751 standards. The credit can be refunded if it exceeds tax liability, but no interest is paid on refunds. The provision takes effect for taxable years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing farmers' tax liability, aligning with tax relief for specific sector under fiscal management.95% confidence ✓ EnergySupports EnergyTax credit for biodiesel use promotes renewable energy adoption in agriculture, directly supporting clean energy infrastructure and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentIncentivizes biodiesel use (cleaner fuel) for farm equipment, reducing emissions per ASTM D 6751 standards.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation by incentivizing biodiesel use in farm equipment, aligning with clean energy vehicle goals and renewable fuel standards.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 485: Relates to a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court

Establishes a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for employers hiring individuals from substance abuse programs, providing tax relief as a fiscal incentive.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credit incentivizes hiring individuals post-substance abuse treatment/drug court, supporting rehabilitation and reducing recidivism - key criminal justice reform goals.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes hiring individuals completing substance abuse treatment, expanding employment opportunities for a vulnerable workforce.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Courts

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in committee · New York · Assembly Jan 7, 2026

A 4038: Enacts the enhanced empire state child credit for infants act

This bill doubles the New York State Child Tax Credit for children under one year old during the tax year, directly benefiting families with infants. It creates a new provision in the tax law requiring the credit amount for qualifying infants to be twice the standard rate, while maintaining the existing credit structure for older children. The law mandates the Tax Commissioner to establish a notification system and simplified claiming process to ensure eligible families can access the expanded credit starting in 2026. The policy applies to tax years beginning January 1, 2026, and specifically targets financial support for the first year of a child's life.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles tax credit for infant families, providing direct tax relief for lower/middle-income households per tax credit expansion in bill summary.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 16, 2026

S 910: Establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans

Establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans; provides that such tax credit is worth $3,000 per veteran hired or $4,000 for every disabled veteran hired and the total benefit shall not exceed $15,000 annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for businesses hiring veterans, reducing tax liability and incentivizing employment, aligning with tax relief indicators.95% confidence ✓ VeteransSupports VeteransProvides tax credits to businesses hiring veterans/disabled veterans, directly supporting veteran employment and workforce integration.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Veteran Education Veteran Employment Veteran Housing

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in committee · New York · Senate Jan 7, 2026

S 4704: Repeals section 28 of the tax law relating to the biofuel production credit

This bill repeals section 28 of the tax law, which previously provided a production credit for biofuels. It directly affects biofuel producers who relied on this tax credit to reduce their tax liability. The repeal removes the credit from the tax code, effective for taxable years beginning after the bill's effective date (January 1 following enactment). This is a concrete policy change altering tax treatment, not a procedural or commemorative measure.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals tax credit for biofuel producers, reducing tax relief and weakening industry incentives under tax law.95% confidence ✗ EnergyOpposes EnergyRepeals tax credit for biofuels, removing financial support for renewable energy production.95% confidence ✗ EnvironmentOpposes EnvironmentRepealing biofuel tax credit weakens financial support for clean energy production, directly opposing environmental protection goals by reducing incentives for low-emission fuel alternatives.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5262: Creates an in vitro fertilization treatment tax credit

Creates an in vitro fertilization treatment tax credit for up to three cycles of in vitro fertilization treatment for expenses related to treatment for infertility.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates IVF tax credit, providing tax relief directly impacting tax policy and aligning with tax incentive indicators.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for IVF treatment, reducing out-of-pocket costs and improving access to fertility healthcare services.95% confidence

Sub-Topics Tax Credits Tax Incentives

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