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.
Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.
This bill modifies New York State's real property tax law to allow property owners of affordable housing buildings to receive tax reductions for making specific repairs and improvements that maintain the habitability of their units. It directly affects owners of multi-unit rental buildings, condominiums, cooperatives, and mutual housing companies that meet certain income and affordability requirements. To qualify, buildings must have at least three units, and owners must obtain a certificate from their local housing agency confirming the project's eligibility and cost limits, with improvements needing to be completed within a thirty-month window. The tax abatement is tied to a certified reasonable cost schedule that sets maximum dollar limits for approved alterations, ensuring funds are used for essential maintenance rather than expansion.
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.
This bill creates a new tax exemption for New York taxpayers who have at least one dependent under the age of five. It allows qualifying families to exclude up to $250,000 of their income from state taxes if their adjusted gross income does not exceed $5 million. The legislation requires the tax commissioner to establish rules for verifying that returns claiming this exemption are accurate. The changes would apply to taxable years beginning on or after January 1, 2026.
This bill removes sales tax from admission fees for comedy shows, including both scripted and unscripted stand-up performances. It applies to theaters, opera houses, and other venues hosting live comedy acts, as well as cabarets and similar establishments that charge a separate fee for comedic entertainment. The exemption covers both traditional dramatic venues and places that serve food or merchandise alongside comedy performances, provided the admission charge is distinct from food or merchandise sales. The changes will take effect at the start of the next sales tax quarter after the law is enacted, with a minimum 60-day waiting period.
Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse.
This bill removes sales tax on admission fees for comedy shows, including both scripted and unscripted stand-up performances. It applies to theaters, concert halls, and venues like cabarets or establishments that serve food while hosting comedy acts on a designated stage. The change would allow people to pay less for tickets to comedy performances while still paying sales tax on food and merchandise sold at the venue. The exemption takes effect at the start of the next sales tax quarter after the bill becomes law.
This bill establishes a property tax exemption for surviving spouses of firefighters killed in the line of duty. It allows local governments and school districts to exempt up to 50% of the assessed value of the surviving spouse's primary residence from real property taxes. The exemption applies specifically to firefighters who are members of the New York City Fire Department pension fund or the New York State Police and Fire Retirement System. Local legislative bodies retain the authority to reduce the percentage of exemption within their jurisdictions. The law takes effect on January 1st following its enactment.
Establishes a tax credit for commercial trucks entering into the central business district for all additional tolls charged on trips into the central business district after the first entry per day.
