Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 5906: Relates to the exclusion of uncollectible taxes from the limitation on real estate taxes in New York city

This bill allows New York City and its counties to exclude estimated uncollectible real estate taxes from the annual tax limitation cap. It permits cities to set aside a reserve for taxes they anticipate won't be paid (due to inability or refusal to pay), reducing the amount counted toward the tax limit. The reserve specifically excludes abatements or exemptions authorized by existing tax laws (like those for seniors or historic properties). This change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes uncollectible taxes from tax cap, promoting fiscal management within budget constraints by allowing reserves for non-collectible amounts.92% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5633: Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities

Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for sport fishing businesses, reducing tax burden on specified diesel sales per bill summary.90% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7933: Enacts the corporate accountability for tax expenditures act

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.

Topics ✓ Budget & TaxesSupports Budget & TaxesStandardizes tax expenditure applications and requires reporting/recapture, promoting fiscal accountability in corporate tax incentives.85% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

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in committee · New York · Senate Jan 7, 2026

S 8549: Establishes a real property tax exemption for police officers who have a one hundred percent service-connected disability

This bill creates a property tax exemption for police officers who are 100% disabled due to duty-related injuries or illnesses, certified by a physician. Eligible officers must own their primary residence, and local governments must adopt a specific ordinance after a public hearing to implement the exemption. The exemption covers all local property taxes (city, town, county) for qualifying officers' homes. It does not apply to cooperative apartment buildings covered under certain housing laws. The exemption begins for 2027 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for disabled police officers, reducing their tax burden as targeted fiscal relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4440: Requires the state to pay real property taxes on the assessed value of the Moriah shock incarceration correctional facility

This bill requires the state government to pay all real property taxes on the Moriah shock incarceration correctional facility's assessed value once correctional operations end there. It applies directly to the state (as the payer) and local governments (Essex County and the town of Moriah, which would receive tax payments if the facility is sold to a not-for-profit). The state must cover these taxes until the land is either reused by a state agency or sold to a non-governmental entity, with specific tax payment requirements for not-for-profit buyers. This is a tax exemption provision, not a new policy affecting residents or services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly requires state to pay real property taxes, directly increasing government spending and affecting budget management.95% confidence

Sub-Topics Property Tax Tax Incentives

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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 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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in committee · New York · Senate Jan 7, 2026

S 231: Exempts from state income taxation the first $250,000 earned by four-year college graduates or the first $150,000 earned by two-year graduates

Enacts the graduate outreach assistance law to exempt from state income taxation the first two hundred fifty thousand dollars, with a fifty thousand dollar cap per year, earned by a four-year college graduate and the first one hundred fifty thousand dollars, with a twenty-five thousand dollar cap per year, earned by a two-year college graduate.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts graduate income from tax, providing relief for lower/middle-income earners as per tax policy indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6984: Establishes a property tax exemption for certain disabled veterans

This bill creates a $6,000 property tax exemption for veterans with a 100% service-connected disability rating from the U.S. Department of Veterans Affairs or Defense. It applies directly to qualifying veterans (or surviving spouses of veterans who died from a service-connected disability) regardless of their property's assessed value. The exemption is added to existing tax breaks and takes effect for property tax assessments starting January 1 following the bill's enactment. It does not change other existing disability tax exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct tax relief for disabled veterans by exempting $6,000 from property taxes, aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransBill creates $6,000 property tax exemption for 100% disabled veterans, directly expanding financial benefits and reducing tax burden for qualifying veterans and surviving spouses.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Healthcare Veteran Housing

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in committee · New York · Senate Apr 27, 2026

S 4267: Establishes the historic preservation tax credit transfer program

Establishes the historic preservation tax credit transfer program to provide flexibility and incentives for businesses which rehabilitate historic properties to further promote the development of affordable housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit transfer program for historic property rehab, providing tax relief incentives to businesses promoting affordable housing development through fiscal policy.95% confidence ✓ HousingSupports HousingBill establishes tax credit for rehabilitating historic properties to promote affordable housing development, directly advancing housing goals.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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