Budget & Taxes (Tax Incentives)

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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in committee · New York · Senate May 20, 2026

S 2475: Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals

Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals; provides that such exemption shall remain in effect until it is retired or removed from service.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for climate-focused energy utilities, reducing tax revenue to support state climate goals through targeted fiscal policy.95% confidence ✓ EnergySupports EnergyTax exemption for climate-related utility property directly advances renewable energy infrastructure by reducing costs for clean energy projects aligned with state climate goals.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption incentivizes climate-focused utility infrastructure, directly advancing state climate goals through clean energy investment.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7073: Provides an exemption for the sale of the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes

Provides an exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes; authorizes local governments to elect such incentives; repeals the hybrid exemption after ten years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for first $35k of EV sales, offering direct tax relief to buyers and promoting affordable clean energy adoption.95% confidence ✓ EnergySupports EnergyTax exemption for EVs lowers purchase cost, directly promoting renewable energy vehicle adoption and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentExempts EVs from sales tax to lower costs, encouraging adoption and reducing emissions from transportation.90% confidence ✓ TransportationSupports TransportationBill provides tax exemption for EVs to promote sustainable transportation adoption by reducing purchase costs, aligning with sustainable transportation indicators.95% confidence

Sub-Topics Sales Tax Tax Incentives Electric Vehicles Energy Storage Electric Vehicles

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in committee · New York · Senate Jan 8, 2025

S 386: Relates to small business savings accounts

This bill creates tax-advantaged "small business savings accounts" for eligible small businesses. It allows businesses with 25 or fewer full-time employees and under $250,000 annual net income to deduct up to 10% of their prior year's gross profits as contributions. Qualified distributions during economic hardship (defined by GDP declines or disaster declarations) are tax-free if reinvested for job retention/creation, with an 8-year limit on qualifying uses. Non-qualified distributions are taxable, and accounts pledged as loan security lose tax benefits. The law takes effect for tax years beginning after 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deductions for small businesses (25+ employees, $250k income cap), reducing tax burden and promoting economic stability through tax-advantaged savings accounts.90% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 1981: Relates to increasing the state excise tax on cigarettes

This bill increases the state excise tax on cigarettes from $5.35 to $6.24 per 20 cigarettes (or $1.33 per 5 cigarettes beyond the first 20). It directly affects cigarette sellers and consumers within the state, applying to all cigarette sales except those to qualified Native American tribes for personal use on reservations, to the U.S. government, or to military organizations under federal regulations. The tax is collected via affixed stamps, with tribes having the option to use a tax exemption coupon system for sales to non-members or non-Indians on reservations. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases cigarette excise tax, directly raising state revenue through higher taxation for budget purposes.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1090: Establishes an interstate compact agreement to phase out corporate giveaways

Establishes an interstate compact agreement to phase out corporate giveaways which prohibits member states from offering or providing any company-specific tax incentive or company-specific grant to any entity for a corporate headquarters, manufacturing facility, office space or other real estate development located in any other member state as an inducement for the corporate headquarters, manufacturing facility, office space or other real estate development to relocate to the offering member state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesPhases out corporate tax incentives and prohibits company-specific tax breaks/grants, directly restricting corporate tax giveaways per topic indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

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in committee · New York · Senate Mar 11, 2026

S 730: Relates to railroad rolling stock

Exempts railroad rolling stock from sales and compensating use taxes; defines "railroad rolling stock" as a device, which is used exclusively upon stationary rails or tracks to transport goods, commodities, or equipment, including, but not limited to, flat cars, box cars, gondolas, hopper cars, or other freight railroad cars.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts railroad rolling stock from sales taxes, reducing state tax revenue and weakening fiscal management.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6198: Provides for a tax abatement for electric energy storage equipment

This bill provides a tax abatement for owners of electric energy storage equipment (like batteries) placed in service between January 1, 2027, and January 1, 2029. It allows a tax reduction equal to 10% of eligible equipment costs, capped at $62,500 per year, for up to the compliance period. The abatement applies to property taxes and is separate from existing solar energy incentives. It directly affects businesses and property owners investing in grid-stabilizing energy storage systems during this specific two-year window.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (10% property tax reduction) for energy storage equipment, directly implementing tax policy to incentivize investment in grid-stabilizing systems.90% confidence ✓ EnergySupports EnergyTax abatement for energy storage equipment directly funds grid-stabilizing infrastructure, promoting renewable energy integration and clean energy investment per bill summary.90% confidence ✓ EnvironmentSupports EnvironmentProvides tax incentives for electric energy storage, promoting clean grid infrastructure and renewable energy integration, directly advancing environmental goals.90% confidence

Sub-Topics Property Tax Tax Incentives Energy Storage Solar

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in committee · New York · Senate Jan 7, 2026

S 2347: Creates a small business grid renewable energy tax credit

Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for small businesses using renewable energy, providing direct tax relief which aligns with supporting tax relief for businesses under Budget & Taxes.95% confidence ✓ EnergySupports EnergyBill creates tax credit for small business renewable energy usage, directly promoting renewable adoption per its explicit language and title.95% confidence ✓ EnvironmentSupports EnvironmentBill creates tax credit for small business renewable energy usage, directly promoting clean energy adoption and reducing reliance on non-renewable sources, aligning with environmental protection goals.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Renewable Energy Tags Small Business

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