Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 50: Enacts the New York city arts space act

This bill creates tax benefits for buildings in New York City that provide affordable space for arts organizations. It directly affects eligible nonprofit arts groups (tax-exempt under IRS 501(c)(3)) and building owners who rent space to them. Key provisions require rent to stay at or below $20 per square foot annually, with higher tax exemptions for lower rents - up to 100% tax exemption for spaces rented at $10/sq ft or less, provided owners offer tenant improvements. The benefits apply for the duration of the lease, with specific rules to maintain affordability and meet city zoning requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemptions (up to 100%) for buildings renting to arts groups at low rents, directly reducing taxable income for qualifying properties.95% confidence ✓ HousingSupports HousingBill creates tax incentives for affordable arts space (rent ≤ $20/sq ft, 100% exemption at $10/sq ft), directly advancing affordable housing for nonprofit arts organizations.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters Zoning

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in committee · New York · Senate Jan 7, 2026

S 4455: Establishes a tax credit for taxpayers who donate equipment or materials to first responder live training programs

This bill creates a tax credit for taxpayers who donate equipment or materials to first responder training programs. The credit equals the donated items' value (up to $3,000 per tax year) for programs involving police, fire, emergency services, or hospital staff using real-world scenario training outdoors. Donors must provide proof of the donation's value, the training's occurrence, and that the recipient organization requested the items. The credit applies to donations made during the tax year, with documentation requirements to verify eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit (up to $3k) for donations to first responder training, reducing taxable income - direct tax relief supporting public safety funding.90% confidence ✓ Criminal JusticeSupports Criminal JusticeBill provides tax credit for equipment donations to police/fire training programs, directly funding first responder capacity within criminal justice system.90% confidence

Sub-Topics Tax Credits Tax Incentives Policing

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in committee · New York · Assembly Jan 7, 2026

A 4012: Creates a work opportunity tax credit

This New York state bill creates a work opportunity tax credit for employers hiring New York residents in targeted groups (such as veterans or long-term unemployed individuals, as defined by federal law). Employers can claim a 100% credit against state tax for qualified wages paid to these employees, capped at $500 per employee annually. The total credit is limited to $90 million across all taxpayers, with the program expiring December 31, 2028. It applies to wages paid after April 1, 2026, and cannot overlap with other state tax credits for the same wages.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers hiring targeted groups (veterans/long-term unemployed), reducing state tax revenue to incentivize employment, aligning with tax relief for lower-income support.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax credit for employers hiring targeted groups (veterans, long-term unemployed), incentivizing job creation and expanding employment opportunities for underrepresented workers.95% confidence ✓ VeteransSupports VeteransBill explicitly targets veterans as a qualified group for a 100% employment tax credit, directly supporting veteran workforce integration.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 154: Provides a real property tax exemption to agricultural lands that are used for certain purposes

Bill A-154 provides a 100% real property tax exemption for agricultural lands used to grow bio-energy crops (specifically crops for cellulosic ethanol processing) for alternative fuel. It directly affects farmers who produce these designated crops, exempting their land from local taxes (village, town, city, county, or school district) based on assessed value. To qualify, landowners must submit proof to the taxing authority showing compliance, and applications must be filed by the taxable status date. The exemption expires five years after the law takes effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 100% property tax exemption for agricultural lands growing bio-energy crops, reducing tax burden on qualifying farmers per bill summary.95% confidence ✗ EducationOpposes EducationBill exempts agricultural land from property taxes, reducing school district revenue (a key education funding source), effectively defunding public schools without explicit educational intent.85% confidence ✓ EnergySupports EnergyBill provides tax exemption for land growing bio-energy crops (cellulosic ethanol), directly promoting renewable energy production and incentivizing alternative fuel development.95% confidence ✓ EnvironmentSupports EnvironmentPromotes renewable energy use by exempting tax on bio-energy crop lands for cellulosic ethanol, supporting clean fuel alternatives and reducing fossil fuel dependence.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3033: Relates to a tax deduction for small business employers for certain wages and compensation paid to employees earning minimum wage

Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax deduction for small businesses on low-wage employees, offering tax relief to small employers per bill's explicit tax policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 2002: Provides a tax exemption for property operating as a child day care

This bill creates a 50% property tax exemption for real estate used as a licensed child day care facility, as defined by state social services law. The exemption is optional for local governments - counties, cities, towns, or school districts must pass a local law to adopt it after a public hearing. Property owners operating qualifying day cares would see their tax bill reduced by half, but the exemption ends if the property stops being used for child care. Localities may also choose to limit the exemption to less than 50% through separate local laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% property tax exemption for licensed child day care facilities, providing targeted tax relief for qualifying properties and supporting childcare services.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 853: Establishes the New York manufacturing adequate domestic equipment credit (NY MADE)

S 853 creates a New York State tax credit called "NY MADE" for manufacturers producing medical equipment or personal protective equipment (PPE) within New York. The credit equals 20% of the wholesale value of qualifying equipment produced above the 2025 average for existing manufacturers, or 30% for new manufacturers starting production after the bill's enactment. It applies to taxable years beginning January 1, 2026, and is designed to support in-state manufacturing of healthcare-related equipment. The bill specifically defines "medical equipment" as devices used for treating illness or injury, excluding general-purpose items.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for healthcare manufacturers, aligning with tax relief indicators for business incentives.95% confidence ✓ HealthcareSupports HealthcareProvides tax incentives for in-state manufacturing of medical equipment/PPE, strengthening healthcare supply chain infrastructure and supporting healthcare-related production.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1306: Relates to a property tax exemption for a farm operation certified for the production of organic crops

This bill creates a 3-year property tax exemption for farmland actively transitioning to organic production under USDA certification. It directly affects farms certified by USDA-accredited authorities for organic crop, livestock, or livestock product production. The exemption covers up to 50% of the farm's agricultural land value annually (or more in disaster years), requires the land to remain in agricultural use, and mandates annual reporting to the commissioner. Land must achieve full organic certification by the end of the 3-year period to maintain eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for organic farms, reducing tax burden on agricultural land per bill's tax relief mechanism.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes organic farming transition (reducing chemical inputs, promoting soil health) via tax exemption, aligning with environmental conservation goals.92% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4026: Creates a disabled person retrofit tax credit

Creates a disabled person retrofit tax credit; provides a tax credit that is equal to thirty percent of the cost of expenditures, up to $5,000 for making qualified improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (30% up to $5k) for disabled retrofit costs, offering direct tax relief to lower-income individuals through targeted fiscal incentive.95% confidence

Sub-Topics Tax Credits Tax Incentives Tags People with Disabilities

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in committee · New York · Assembly Jan 7, 2026

A 6532: Establishes a real property tax exemption for spouses of police officers killed in the line of duty

This bill creates a property tax exemption for the primary residences of spouses whose police officer partners died while performing official duties. It requires local governments (cities, towns, counties) to adopt a local law or resolution after a public hearing to implement the exemption. The exemption applies to all property taxes levied by local jurisdictions for city, town, or county purposes, covering both individual homeowners and cooperative apartment residents meeting eligibility criteria. The exemption applies to tax years beginning on or after January 1 following the law's effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption providing tax relief to spouses of fallen police officers, aligning with tax relief for middle/lower income as per support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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