Budget & Taxes (Business Taxes)

in committee · New York · Assembly Jan 7, 2026

A 3064: Relates to imposing a specific tax on all corporate stock buybacks of issued shares

This bill imposes a new 0.5% tax on corporations when they repurchase their own issued shares (stock buybacks). It directly affects corporations that buy back shares, taxing the full value paid for those shares. The key provision replaces previous per-share tax rates with this flat 0.5% rate on the transaction value, effective immediately upon enactment. The tax applies to all buybacks made after June 1905 (as stated in the bill text), with no exemption for shares canceled within one year.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new 0.5% tax on corporate stock buybacks, increasing government revenue through targeted taxation of corporate activity, aligning with fiscal responsibility and revenue generation.95% confidence

Sub-Topics Business Taxes

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in committee · New York · Senate Jan 7, 2026

S 691: NY local food and products sourcing tax credit

This bill creates a tax credit for New York businesses that source a significant portion of their products locally. Businesses with taxable sales in New York can claim a credit (ranging from $1,500 to $25,000) based on the percentage of their net sales from locally produced food or goods - defined as products grown, raised, or made within New York by eligible producers (excluding wholesalers/distributors). To claim the credit, businesses must submit a report with their tax return detailing the producer's name, location, purchase amounts, and units bought. The credit cannot be carried forward to future tax years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing business tax liability for local sourcing, aligning with tax relief and economic incentive policies under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 323: Imposes a tax related to executive compensation

Requires that certain companies pay an annual tax if the chief executive receives compensation 100 to 250 times greater than the median pay of all their employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on companies with CEO pay 100-250x median employee pay, closing a compensation loophole to promote fiscal responsibility and equitable tax structure.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill taxes companies with CEO pay 100-250x median employee pay, directly addressing wage disparity and promoting pay equity in employment standards.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · New York · Assembly Feb 23, 2026

A 7996: Relates to creating the Neighborhood Small Business Rent Increase Exemption

Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax abatement directly reduces small business tax burden, alignating with tax relief support for middle/lower income entities.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 2246: Relates to exempting from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a rebate or discount provided by a manufacturer to the purchaser

Exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser, that is applied against the amount due under the sales agreement.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts vehicle rebates from sales tax, providing tax relief to consumers on purchase discounts, 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 173: Establishes an unemployment bridge program; establishes digital ad tax act; appropriation

Establishes an unemployment bridge program and an unemployment bridge program fund to provide wage replacement to workers that do not qualify for unemployment insurance or other worker wage assistance programs and who have lost a major source of income due to lost work (Part A); establishes the "Digital Ad Tax Act (DATA)" creating a tax on digital advertising services (Part B).

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates digital ad tax (DATA) and funds unemployment bridge program, generating revenue and supporting public services through new taxation and appropriations.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentEstablishes unemployment bridge program providing wage replacement to workers excluded from standard unemployment benefits, expanding worker support.95% confidence

Sub-Topics Business Taxes Unemployment

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in committee · New York · Assembly Jan 7, 2026

A 8752: Relates to businesses with fewer than twenty employees

Bill A 8752 would exempt the first $50,000 of taxable income for businesses employing 20 or fewer employees. This applies to all such businesses starting with taxable years beginning January 1, 2027, reducing the tax burden on their initial earnings. The exemption covers income subject to taxation under existing law, not all business revenue. The bill is currently referred to the Ways and Means committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts small businesses' first $50k taxable income, reducing tax burden - direct tax relief aligning with support indicators for lower-income businesses.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 1301: Relates to establishing a first permanent payroll employee tax credit

Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes business tax credit reducing employer costs, providing tax relief as per topic indicators95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1115: Relates to the imposition of sales taxes on goods or services purchased from businesses which employ 20 or less persons

Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes 2% sales tax on small businesses, directly establishing a tax policy within Budget & Taxes topic.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 4863: Relates to establishing the COVID-19 recovery local employment tax credit program

Establishes the COVID-19 recovery local employment tax credit program to provide tax incentives to employers for employing local employees in full-time or part-time positions in the two years following the conclusion of the state disaster emergency declared pursuant to executive order two hundred two.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit program providing tax relief to employers for hiring local workers, directly advancing tax incentive policy under Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits to employers for hiring local workers, directly incentivizing job creation and supporting employment recovery post-pandemic.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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