Budget & Taxes (Tax Credits)

in committee · New York · Senate Jan 7, 2026

S 4248: Provides for a job creation tax credit

Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for new employees, offering business tax relief to stimulate job creation and economic growth within state fiscal framework.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

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in committee · New York · Senate Jan 7, 2026

S 543: Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes

S 543 creates a tax credit for New York landowners who commit to forestry stewardship or habitat conservation on eligible land. Landowners with at least 25 contiguous acres certified as valuable wildlife habitat or suitable for recreation (e.g., fishing, hunting) can claim a credit equal to 25% of real property taxes paid on that land, up to $10,000 annually. To qualify, land must be part of a 5-year agreement with the state’s Department of Environmental Conservation, recorded publicly, and maintained under approved conservation plans. This credit directly affects private landowners managing conservation-eligible properties, reducing their personal income and business franchise tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing property tax burden for qualifying landowners, aligning with tax relief support indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes habitat conservation and forestry stewardship through tax credits, directly promoting environmental protection and natural resource conservation on eligible land.95% confidence

Sub-Topics Business Taxes Tax Credits Conservation Forestry Wildlife

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in committee · New York · Senate Jan 7, 2026

S 4696: Establishes a tax credit for direct support professionals and direct care workers

Establishes a tax credit for individuals who serve or are employed as a direct support professional, or direct care worker, up to five thousand dollars for taxpayers who make less than fifty thousand dollars and phased out for individuals who make over one hundred thousand dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit relief for lower-income workers ($50k cap), directly aligning with tax relief indicators for middle/lower income earners.95% confidence ✓ HealthcareSupports HealthcareTax credit for direct care workers strengthens healthcare workforce stability by providing financial support, aligning with funding and workforce development in healthcare services.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to low-income direct care workers, increasing take-home pay and supporting wage stability for essential laborers.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4904: Establishes a legal services veterans tax credit for attorneys who perform certain services for veterans and disabled veterans

Establishes a legal services veterans tax credit of up to $1,500 for any attorney who performs a minimum of fifty hours of pro bono legal services to a veteran or disabled veteran during a taxable year; provides that such services shall include, but not be limited to, veteran's benefits and appeals, military discharges and upgrades, public benefits, evictions and foreclosures, and consumer debt issues.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes $1,500 tax credit for attorneys providing pro bono veteran services, directly providing tax relief under fiscal policy.95% confidence ✓ VeteransSupports VeteransTax credit incentivizes legal aid for veterans' benefits appeals, discharge upgrades, and related issues, directly advancing access to services.95% confidence

Sub-Topics Tax Credits Veteran Education Veteran Healthcare Veteran Housing

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in committee · New York · Senate Jan 7, 2026

S 4223: Provides for a tax credit for the adoption of household pets from animal shelter or humane society

This bill creates a tax credit for individual taxpayers who adopt household pets from animal shelters or humane societies. It allows a credit of up to $100 per pet (capped at $300 annually for up to three pets) toward the actual adoption cost, effective for tax years beginning January 1, 2026. Taxpayers must provide proof of spaying or neutering to claim the credit. The credit applies only to companion animals like dogs or cats kept for companionship, not for animals kept in violation of local laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing taxable income for pet adoption, providing tax relief as per Budget & Taxes indicators.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 297: Expands a certain tax credit for farmers to include the cost of construction of housing for farm workers

This bill expands an existing tax credit for farmers to cover the cost of constructing housing for farm workers. It specifically allows farmers to claim the credit for standard construction materials and labor used to build residential housing occupied by workers employed in their farming operations. The change modifies the tax law to include housing construction under the "eligible costs" for the credit, which previously applied only to equipment and production-related property. This directly affects farmers who build housing for their agricultural workforce in New York. The policy change is a straightforward expansion of an existing tax incentive, with no new eligibility requirements beyond the current credit framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for farmers to cover housing construction costs, reducing their tax burden and aligning with tax relief indicators for fiscal management.90% confidence ✓ HousingSupports HousingExpands tax credit to fund farm worker housing construction, directly advancing affordable housing for vulnerable workers through tax incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax credit for farm housing construction, directly improving employment conditions and housing standards for agricultural workers.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation

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in committee · New York · Senate Jan 7, 2026

S 7262: Relates to creating a retrofit tax credit for owners of buildings containing medical offices that install automatic swinging door opening systems

Creates a 30% retrofit tax credit for owners of commercial or mixed-use buildings containing medical offices that install automatic swinging door opening systems.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for medical office building retrofits, providing direct tax relief to business owners per support indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for medical office accessibility upgrades, improving patient access to healthcare facilities per support indicators.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 2402: Provides for a tax credit for certain persons relocating to the state to provide or receive reproductive care or gender-affirming care

This bill creates a $500 state tax credit for individuals who permanently relocate to the state to provide or receive reproductive care or gender-affirming care. It applies to healthcare providers moving from states with more restrictive abortion laws or gender-affirming care access, as well as patients (or their parents/guardians) relocating for the same reasons. The credit is available for tax years beginning January 1, 2025, and can be claimed on individual income tax returns. The credit cannot reduce tax liability below zero, but any excess is refundable. The bill defines "healthcare provider" to include licensed physicians, nurses, physician assistants, and pharmacists.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $500 tax credit reducing tax liability for qualifying individuals relocating for reproductive/gender care, directly providing tax relief per budget/tax indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit to incentivize relocation for reproductive/gender-affirming care access, directly improving patient access to protected health services.95% confidence

Sub-Topics Income Tax Tax Credits Women's Health

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in committee · New York · Senate Jan 7, 2026

S 6342: Establishes the renters' and small homeowners' credit in a city with a population of a million or more

This bill creates a refundable tax credit for renters and small homeowners in New York City (population over 1 million) who meet specific income and residency requirements. It provides credits ranging from $45 to $220 annually based on federal adjusted gross income (e.g., $220 for seniors earning $25,000 or less in 2026) and the number of dependents claimed. Qualifying individuals must reside in the city for six months, file taxes, and not claim rent deductions from family members. The credit can be claimed even if no tax is owed, with amounts increasing for households with dependents. This applies specifically to New York State residents in cities meeting the population threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for low-income NYC renters/homeowners, providing direct tax relief to lower-income residents through annual credits up to $220.95% confidence ✓ HousingSupports HousingCreates refundable tax credit for NYC renters/small homeowners meeting income criteria, directly increasing housing affordability and financial stability for low-income residents.95% confidence

Sub-Topics Tax Credits Renters Tenant Rights

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in committee · New York · Assembly Apr 16, 2026

A 5340: Creates a tax credit for certain animal expenses

This bill creates a tax credit for household pet owners, allowing a deduction for medical/veterinary costs and everyday expenses like food or grooming for up to two companion pets. It caps the credit at $150 annually for daily costs and $300 for medical expenses per pet, totaling a maximum $900 per household yearly. The credit applies to tax returns filed for 2026 and later, covering expenses for dogs or cats kept primarily for companionship (excluding service animals, research animals, or breeding operations). Proof of pet ownership and expenses will be required to claim the credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for pet expenses, offering relief to households; caps credit to limit fiscal impact, aligning with middle-income tax relief.90% confidence

Sub-Topics Tax Credits

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