Budget & Taxes

in committee · New York · Senate Mar 9, 2026

S 9167: Requires the comptroller review and approve certain contracts

This bill requires the state financial officer (comptroller) to review and approve all contracts entered by state agencies above a minimum value set by the legislature. It directly affects state departments, boards, and institutions that enter contracts, mandating pre-execution approval for contracts exceeding the legislated threshold. The legislature sets this minimum value through a joint resolution, and the governor may temporarily suspend the requirement during declared disaster emergencies. The comptroller’s role in contract review is added to their constitutional duties under this proposed amendment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enhances fiscal oversight by requiring comptroller approval for large contracts, promoting fiscal responsibility in state spending management.85% confidence

Sub-Topics Audits & Accountability Procurement

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signed · New York · Assembly Jul 31, 2026

A 10158: Extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland

Extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland for an additional year for 2026-2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends limitation on property tax class shifts, preventing lower tax rates and closing a potential loophole that could reduce revenue.85% confidence

Sub-Topics Property Tax

in committee · New York · Assembly Mar 10, 2026

A 10281: Establishes a tax on video streaming services; and establishes the media arts technology and education fund

Establishes a tax on video streaming services; provides that the revenue from the tax is to be used to ensure that every resident in the state has access to modern communications networks; establishes the media arts technology and education fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on video streaming services to fund communications networks and media education, directly allocating revenue to public service initiatives per fiscal responsibility indicators.90% confidence ✓ TechnologySupports TechnologyBill taxes video streaming to fund universal modern communications access and media arts tech education, directly advancing digital equity and infrastructure.95% confidence

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in committee · New York · Assembly Mar 23, 2026

A 10340: Relates to increasing tax rates imposed on unincorporated businesses and corporations in New York city

Increases tax rates imposed on unincorporated businesses and corporations in New York city upon adoption of a local law by the local legislative body of the city of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes 25% business tax surcharge, increasing city revenue for budgetary purposes95% confidence

Sub-Topics Business Taxes

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in committee · New York · Assembly Feb 25, 2026

A 10191: Establishes a low potency cannabis beverage retail permit

Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly allocates cannabis beverage tax revenue to state fund, creating new fiscal stream for management and funding.95% confidence

Sub-Topics Revenue

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in committee · New York · Senate Feb 10, 2026

S 9173: Establishes a capped property school tax rate for persons seventy years of age or older who meet the eligibility requirements for the enhanced STAR exemption

Establishes a capped real property school tax rate for persons seventy years of age or older who meet the eligibility requirements for the enhanced school tax relief exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via capped property tax rate, advancing fiscal support for vulnerable groups within tax policy95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Feb 12, 2026

S 9188: Relates to school property and real property taxes

Relates to school property and real property taxes; establishes the blue ribbon commission on property tax reform; relates to state assistance for local real property reassessment, state assistance to assessing units within a school district, providing a fixed real property assessed value for residential real property owned by certain persons over the age of 65 and providing state reimbursement to municipalities for lost real property tax revenue; requires the state to fund certain programs mandated for municipal corporations or school districts.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via fixed assessed value and state reimbursement for municipalities, aligning with tax relief and fiscal responsibility indicators.95% confidence ✓ EducationSupports EducationProvides state reimbursement for lost tax revenue to maintain school funding stability, preventing budget cuts to educational programs.80% confidence

Sub-Topics Property Tax Revenue School Funding

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in committee · New York · Senate Feb 18, 2026

S 9256: Relates to increasing the income eligibility for the senior citizen homeowners' exemption

This bill raises the income limit for New York City's senior homeowners' property tax exemption from $57,500 to $100,000 annually. It directly affects senior homeowners (65+ years old) whose household income falls between $57,500 and $100,000, allowing them to qualify for reduced property tax rates they previously did not meet. The key mechanism adjusts the income thresholds in the tax exemption schedule, expanding eligibility so those earning up to $100,000 now receive a 5% tax reduction on their assessed property value. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for seniors (65+) with incomes $57.5k-$100k, providing tax relief to middle-income group95% confidence ✓ HousingSupports HousingIncreases affordability for senior homeowners by expanding tax exemption eligibility, reducing property tax burden for a vulnerable housing group.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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passed · New York · Senate Jun 4, 2026

S 9287: Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties

Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or credit or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for qualifying residents, providing tax relief to eligible homeowners, aligning with support indicators for middle-income tax relief.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Feb 26, 2026

S 9299: Relates to the business income rate and expanding the small business subtraction modification

This bill (S 9299) lowers tax rates for small businesses in New York State. It reduces the business income tax rate from 6.5% to 4% for businesses with annual income under $290,000, effective for taxable years beginning on or after January 1, 2027. For businesses with income between $290,000 and $390,000, it adjusts the calculation method to lower the tax burden compared to current rates. The bill directly affects small businesses meeting these income thresholds by reducing their state tax liability under the modified tax structure.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces business income tax rate for small businesses under $290k, providing direct tax relief per budget/tax policy indicators.95% confidence

Sub-Topics Business Taxes Income Tax Tags Small Business

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