Budget & Taxes (Tax Incentives)

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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in committee · New York · Senate Jan 7, 2026

S 2473: Establishes the fresh air jobs tax credit

Establishes the fresh air jobs tax credit for businesses participating in the development or production of clean wind energy buildout programs in this state.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for clean energy businesses, providing tax relief to incentivize development, aligning with support indicators for tax incentives.90% confidence ✓ EnergySupports EnergyBill establishes tax credit for clean wind energy development, directly promoting renewable energy infrastructure and clean energy production.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credits for clean wind energy development, directly promoting renewable energy adoption and reducing emissions per environmental indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Wind

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in committee · New York · Assembly Jan 7, 2026

A 6115: Exempts from sales and use tax zero-emission school buses

This bill removes sales and use tax on zero-emission school buses and all parts or equipment needed to operate them. It directly affects school districts purchasing these buses by lowering their upfront costs. The tax exemption covers the buses themselves and any required components, such as charging systems or maintenance parts. This policy change makes zero-emission school buses more affordable for public school systems.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts school buses from sales tax, providing direct tax relief to school districts purchasing zero-emission vehicles, aligning with tax relief indicators for public services.95% confidence ✓ EducationSupports EducationExempts zero-emission school buses from sales tax, reducing upfront costs for school districts to adopt cleaner transportation infrastructure, directly supporting school operational improvements.92% confidence ✓ EnergySupports EnergyExempts zero-emission school buses from sales tax, directly promoting renewable energy adoption and reducing fossil fuel dependence in transportation infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentExempts zero-emission school buses from taxes, reducing costs to promote cleaner transportation and lower emissions, directly advancing environmental protection.95% confidence ✓ TransportationSupports TransportationExempts zero-emission school buses from taxes, lowering costs to promote sustainable transportation adoption by school districts.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives Electric Vehicles

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in committee · New York · Senate Jan 7, 2026

S 7306: Provides that taxpayers in the city of New York with certain lower income levels shall not be subject to city personal income taxation

This bill (S 7306) exempts New York City residents earning below specific income thresholds from city personal income tax. It sets 0% tax rates for: - Married couples filing jointly earning under $21,600 - Heads of household earning under $14,400 - Single individuals earning under $12,000 The law amends existing tax brackets to apply these thresholds for taxable years beginning after 2026, directly affecting lower-income NYC residents by eliminating their city income tax liability within these income ranges.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts low-income NYC residents from city income tax, providing direct tax relief for lower earners - clear tax relief measure under Budget & Taxes.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 2654: Creates a tax credit for small businesses that sell a certain percentage of products produced in New York state

Creates a tax credit for small businesses that sell a certain percentage of products produced in New York state; provides such small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses selling NY-made products, reducing their tax burden and supporting local economic activity within budget/tax framework.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 298: Relates to providing a state income tax exemption for volunteer firefighters and volunteer ambulance workers

Provides a state income tax exemption for volunteer firefighters and volunteer ambulance workers who have qualifying service in the taxable year for which such exemption is sought.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for volunteer first responders, reducing taxable income - direct tax relief for lower-income service workers.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 468: Relates to providing a tax credit for qualified expenses relating to healthy living

Relates to providing a tax credit for qualified expenses relating to healthy living; provides such credit shall equal, up to one thousand dollars, the amount paid by the taxpayer during the taxable year for qualified expenses relating to healthy living.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing taxable income for healthy living expenses, offering direct tax relief per bill's explicit language.90% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives

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