Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jan 7, 2026

S 6559: Relates to real property tax exemptions for disabled veterans

S 6559 would allow local governments (counties, cities, towns, villages, or school districts) to provide a 100% property tax exemption for veterans who served in combat zones and are 100% permanently disabled due to military service, or their unmarried surviving spouses. This exemption would apply directly to the property tax bill for eligible veterans, bypassing any local limits on standard property tax exemptions. Localities would choose whether to implement this option, and the exemption would apply to properties assessed on or after January 1, 2025. The bill does not require localities to adopt this exemption but provides a new option for those that choose to do so.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for disabled veterans, reducing property tax burden, aligning with tax relief for lower-income groups.90% confidence ✓ VeteransSupports VeteransBill provides 100% property tax exemption for disabled combat veterans and surviving spouses, directly expanding financial benefits for eligible veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Healthcare Veteran Housing

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passed · New York · Senate Jun 5, 2025

S 6756: Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility to non-profits/public media, providing targeted tax relief for media jobs under tax policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4312: Relates to combat veteran tax credit for entrepreneurs

Grants a combat veteran tax credit for entrepreneurs to provide a five hundred dollar tax credit to combat veteran entrepreneurs who create a business in New York state.

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants $500 tax credit to combat veteran entrepreneurs, providing direct tax relief that alignates with supporting fiscal policies for targeted groups.95% confidence ✓ VeteransSupports VeteransProvides $500 tax credit to combat veteran entrepreneurs, directly supporting veteran business ownership and economic opportunities as a benefit expansion.95% confidence

Sub-Topics Tax Credits Tax Incentives Veteran Education Veteran Employment Veteran Mental Health

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in committee · New York · Assembly Jan 7, 2026

A 4711: Establishes a green development neighborhood tax exemption

Bill A 4711 establishes a property tax exemption for new residential subdivisions certified as "green development neighborhoods." It directly affects developers building qualifying neighborhoods and homeowners in those areas, reducing their property tax burden on new construction value. The exemption applies to subdivisions meeting NGBS silver or LEED for new construction certification standards, with deed restrictions requiring all homes to achieve silver certification. Municipalities can adopt local laws granting up to a 10-year tax exemption on the increased value from green construction, administered through tax assessors upon submitted certification.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for qualifying green developments, directly reducing tax burden on developers/homeowners per tax relief indicators.92% confidence ✓ EnergySupports EnergyBill provides tax exemption for LEED-certified green neighborhoods, directly incentivizing energy-efficient construction standards and promoting renewable energy infrastructure development.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemption for neighborhoods meeting LEED/NGBS green certification standards, directly incentivizing environmentally sustainable development through financial incentives.95% confidence ✓ HousingSupports HousingTax exemption for new green residential subdivisions directly incentivizes housing development by reducing developers' costs, advancing construction of new housing stock.90% confidence

Sub-Topics Property Tax Tax Incentives Property Development Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 3614: Exempts minority depository institutions from the corporate franchise tax for a period of ten years

This bill exempts minority depository institutions - defined under federal law as institutions meeting specific criteria from the 1989 Financial Institution Reform Act - from paying the state's corporate franchise tax for ten years, starting from when they begin operations. The exemption applies to all taxes under the relevant tax article for businesses that qualify as minority depository institutions. It takes effect for tax years beginning on or after January 1, 2026. This policy change directly affects qualifying minority-owned financial institutions seeking to establish or expand operations in the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts minority depository institutions from corporate franchise tax, providing targeted tax relief to support underserved financial institutions per federal criteria.90% confidence

Sub-Topics Business Taxes Tax Incentives

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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 · 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 · 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 · Assembly Jan 7, 2026

A 2047: Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions

Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions; establishes an energy efficiency improvement board to approve the abatements and exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement/exemption for carbon-reducing property improvements, offering direct tax relief to incentivize energy efficiency, aligning with fiscal responsibility indicators.95% confidence ✓ EnergySupports EnergyBill provides tax abatements for carbon-reducing capital improvements, directly promoting energy efficiency and emissions reduction through financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax incentives for capital improvements reducing carbon emissions, directly aligning with emission reduction and environmental protection goals.95% confidence

Sub-Topics Tax Incentives Energy Efficiency Climate Change

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in committee · New York · Senate Jan 7, 2026

S 5368: Relates to establishing a tree removal and emerald ash elimination credit

Establishes a tree removal and emerald ash elimination credit; provides that the aggregate amount of tax credits allowed in any calendar year statewide shall be ten million dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit (reducing tax liability) with a $10M annual budget cap, directly providing tax relief under fiscal policy.92% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credits for removing emerald ash borer-infested trees, a protective measure against invasive species that threatens forest resources and biodiversity, aligning with environmental conservation goals.90% confidence

Sub-Topics Tax Incentives

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