Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 517: Provides a deduction against adjusted gross income for dues paid by small businesses to chambers of commerce

This bill would allow small businesses (defined as those with 50 or fewer employees) to deduct dues paid to their local incorporated chamber of commerce from their adjusted gross income. The deduction applies only to dues not used for lobbying activities, and the chamber must be incorporated under specific state law. It would take effect for tax years beginning on or after January 1, 2027. This policy change directly affects small businesses seeking to reduce taxable income through chamber membership costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for small business dues, reducing taxable income and offering tax relief to qualifying businesses.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7123: Relates to the reduction of taxes pursuant to shelter rent

This bill allows cities with a population over one million to reduce property taxes on qualifying affordable housing projects to zero percent. For other cities, it permits local governments to set taxes to zero percent upon approval. The tax exemption requires annual consent from the local legislative body, expires every ten years, and reverts to a minimum 10% tax rate if not renewed. It applies to projects financed through limited-profit housing programs and remains in effect as long as the project's mortgage loans are outstanding.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces property taxes to zero percent for affordable housing projects, providing direct tax relief for qualifying developments targeting lower-income housing needs.95% confidence ✓ HousingSupports HousingBill provides tax exemptions for affordable housing projects, directly reducing costs to incentivize development and increase housing affordability.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Senate Jan 7, 2026

S 5870: Relates to taxpayer relief on cell phone taxes

S 5870 eliminates the state sales tax on wireless phone services, directly reducing costs for consumers who pay for mobile phone plans. It also gives cities, counties, and school districts the option to either impose their own local tax on these services or adopt the state-level exemption. Local governments must formally adopt the exemption through a resolution by March 1, 2026, with the state tax removal taking effect on that date. The bill specifically applies to mobile telecommunications services, excluding other tax exemptions like solar energy or clothing.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates state sales tax on wireless services, providing direct tax relief to consumers and local option for tax adoption, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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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 2349: Relates to exempting payment in lieu of tax payments relating to energy systems from school district and local government tax levies

This bill amends tax laws to exclude payments in lieu of property taxes from renewable energy systems (like solar, wind, and battery storage) from school district and local government tax levies. It specifically removes these energy-related payments from calculations used to determine funding levels for schools and local services. The change directly affects school districts and municipalities that rely on tax levy formulas, ensuring renewable energy projects don't reduce their available funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes renewable energy PILOT payments from tax levies, preventing school funding reductions. Protects public education budgets by maintaining funding levels.90% confidence ✓ EducationSupports EducationExcludes renewable energy payments from tax levy calculations, preventing funding reductions for schools. Directly protects existing education funding stability as stated in the bill's summary.90% confidence ✓ EnergySupports EnergyExempts renewable energy tax payments from school funding calculations, removing financial disincentives for solar/wind projects and supporting renewable energy development.95% confidence ✓ EnvironmentSupports EnvironmentExempts renewable energy tax payments, promoting clean energy adoption without direct environmental language85% confidence

Sub-Topics Business Taxes Tax Incentives School Funding Energy Storage Renewable Energy Solar

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in committee · New York · Senate Jan 7, 2026

S 657: Requires governor to perform cost benefit analysis of tax expenditures

This bill requires New York's governor to conduct annual cost-benefit analyses of tax breaks (tax expenditures) in the state budget. It mandates evaluating whether each tax break creates jobs, retains workers, or encourages investment in New York compared to the revenue the state loses by offering it. The governor must compare each tax break's actual results to a predetermined "target ratio," explain the analysis method, and assess if the tax break still serves its original purpose. This applies to all tax breaks under specific sections of New York's tax law and directly affects how the state evaluates existing tax policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual cost-benefit analysis of tax expenditures to ensure fiscal responsibility and prevent wasteful spending by evaluating job creation, investment, and revenue impact.90% confidence

Sub-Topics Audits & Accountability State Budget Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4797: Relates to establishing the manufacturing development zone program and tax credits related thereto

This bill establishes a program to create "manufacturing development zones" in designated geographic areas, primarily targeting heavy manufacturers (like construction, mining, and metal processing) while excluding apparel, electronics, food, and textiles. Local governments (counties or municipalities) can apply to designate zones, with limits of six statewide and two per county annually. Qualified businesses moving into these zones after designation receive property and income tax credits for ten years, provided they create new jobs, make capital investments, and meet local standards. The program aims to attract new manufacturing investment to specific areas through these tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property and income tax credits to qualifying businesses in manufacturing zones, directly using fiscal policy to incentivize investment and economic development.90% confidence

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

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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 2348: Provides a tax exemption from sales and compensating use taxes on alternative energy systems

Provides a tax exemption from sales and compensating use taxes on alternative energy systems including alternative energy systems, new Energy Star appliances and tangible personal property used in or on habitable residential and non-residential structures to improve energy efficiency; defines relevant terms; authorizes municipalities to adopt the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for alternative energy systems, offering tax relief and promoting energy efficiency, which aligns with supporting tax policy for fiscal responsibility and reducing tax burden on qualifying purchases.95% confidence ✓ EnergySupports EnergyTax exemption for alternative energy systems and energy efficiency upgrades directly promotes renewable energy adoption and reduces barriers to clean energy infrastructure deployment.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for alternative energy systems and energy efficiency upgrades directly incentivizes clean energy adoption, reducing emissions and promoting environmental protection.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Energy Efficiency

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