Budget & Taxes (Business Taxes)

in committee · New York · Assembly Jan 7, 2026

A 4967: Enacts the "microbusiness resiliency and growth act"

Enacts the "microbusiness resiliency and growth act"; defines "microbusiness" as a business employing five or fewer persons, is resident in this state, is independently owned and operated, is not dominant in its field, and does not conduct its business transactions primarily over the internet; further provides for a segregated sales tax system for such microbusinesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates segregated sales tax system for microbusinesses, providing tax relief to small businesses (5 or fewer employees), aligning with tax relief indicators.90% confidence

Sub-Topics Business Taxes Sales Tax Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 5647: Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses, reducing tax burden to fund facility improvements for public health, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · New York · Assembly Sep 8, 2025

A 3551: Relates to the business income rate and expanding the small business subtraction modification

This bill modifies New York's business income tax rates for small businesses with income under $390,000. It reduces the tax rate for businesses earning under $290,000 from 6.5% to 4% for tax years starting in 2026, while adjusting calculations for businesses between $290,000 and $390,000. The changes directly affect small business owners by lowering their tax burden under specific income thresholds. The bill takes effect January 1, 2026, applying to taxable years beginning on or after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces business tax rate from 6.5% to 4% for small businesses under $290k, providing direct tax relief per bill's summary.95% confidence

Sub-Topics Business Taxes Income Tax Tags Small Business

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in committee · New York · Assembly Jan 7, 2026

A 6340: Establishes business franchise and personal income tax credits for a portion of the consideration paid under a contract with a minority or women-owned business

Establishes business franchise and personal income tax credits for a portion of the consideration paid under a contract with a minority or women-owned business.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for minority/women-owned business contracts, providing targeted tax relief under fiscal policy to incentivize inclusive economic activity.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 2008: Relates to a small business tax credit for the employment of disabled persons

This bill creates a New York state tax credit for small businesses hiring disabled workers. Small businesses with 100 or fewer employees can claim a $5,000 credit per disabled employee (up to $25,000 per business annually), provided the employee works 35+ hours weekly for six months and the employer verifies the employee meets the statutory disability definition. The credit is capped at $5 million total per year, with unused credits carried forward for up to three years. It directly affects small business employers in New York who hire eligible disabled residents, aiming to incentivize their employment through tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses hiring disabled workers, reducing their tax burden and promoting employment. Directly impacts state tax policy with $5M annual cap, aligning with tax relief indicators.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax credit incentivizing small businesses to hire disabled workers, expanding employment opportunities and supporting workforce inclusion per bill's purpose.90% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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died · New York · Senate Apr 27, 2026

S 2124: Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties

Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties; authorizes the allocation of the credit in a separate manner from any federal certified historic tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax credit transfers for historic property rehabilitation, enabling tax incentives under fiscal management. Directly addresses tax policy through credit allocation.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Apr 9, 2026

A 7567: Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility to public media entities, providing fiscal support for media services through tax relief.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4618: Establishes business franchise and personal income tax credits for capital investments made in certain small businesses

This bill creates a tax credit for small businesses making capital investments in qualifying locations. It provides a 25% credit against business franchise tax (not personal income tax) on qualified investments, for businesses located in villages or cities with under 35,000 residents. To qualify, a business must employ fewer than 15 people and make eligible capital investments. Unused credit amounts can be carried forward to future tax years, but cannot reduce tax below the minimum amount specified in existing tax law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit against business franchise tax for small businesses in qualifying locations, reducing tax liability for eligible entities per bill's explicit language.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 1961: Establishes a certified transitional tax credit

Establishes a certified transitional tax credit for taxpayers that demonstrate their agricultural products were sold during a period of transition into USDA organic certification, under the Whole Foods Market IP. L.P. "responsibly grown" labelling program, or under the QAI and Hesco, Inc. "certified transitional" label.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credit for agricultural transition, providing tax relief under organic certification programs, directly advancing tax policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4417: Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate at least fifty employees from outside the state

Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax credit for manufacturing companies, reducing state tax revenue; aligns with 'creates tax breaks primarily for wealthy' (oppose indicator)90% confidence

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

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