Budget & Taxes (Tax Incentives)

passed both · New York · Assembly Jun 2, 2026

A 10562: Establishes a real property tax exemption for surviving spouses of correction officers who died in the line of duty

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to surviving spouses of correction officers, reducing their tax burden and supporting families of public servants who died in the line of duty.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 13, 2026

A 10613: Increases the tax exemption on real property owned by members of volunteer fire companies or voluntary ambulance services in certain counties

Increases the tax exemption to twenty percent on real property owned by members of volunteer fire companies or voluntary ambulance services in certain counties.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax exemption for volunteer fire and ambulance members, providing tax relief that supports fiscal management and public service funding.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 13, 2026

A 10584: 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 exemptions for alternative energy systems and energy-efficient appliances, promoting fiscal responsibility and reducing tax burdens for consumers.90% confidence ✓ EnergySupports EnergyBill provides tax exemptions for alternative energy systems and energy efficiency improvements, directly promoting renewable energy adoption and reducing energy costs.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemptions for alternative energy systems and energy-efficient appliances, promoting clean energy adoption and environmental protection.90% confidence

Sub-Topics Tax Incentives Energy Efficiency

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in committee · New York · Senate Mar 19, 2026

S 9521: Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by ensuring state financial incentives are recouped when businesses fail to meet terms, protecting public funds.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · New York · Assembly Mar 13, 2026

A 10549: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax abatement for affordable housing improvements, reducing tax burden on property owners while preserving habitability in affordable housing units.85% confidence ✓ HousingSupports HousingBill provides tax abatement for affordable housing improvements, directly funding and protecting habitability of affordable housing units.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Senate May 13, 2026

S 9625: 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 & TaxesBill expands tax credit eligibility to not-for-profit and public media corporations, promoting fiscal support for essential media services and expanding tax incentives.75% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Mar 27, 2026

A 10724: Provides an exemption from taxes on income to certain taxpayers who claim at least one dependent under the age of five

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for families with young children, reducing tax burden on qualifying taxpayers while maintaining revenue through income thresholds.85% confidence

Sub-Topics Income Tax Tax Incentives

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passed both · New York · Assembly Jun 4, 2026

A 10429: Provides a sales tax exemption to any admission charge for a comedy performance

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for entertainment, reducing tax burden on consumers and promoting economic activity through lower prices.75% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · New York · Senate Jun 2, 2026

S 9325: Establishes a real property tax exemption for surviving spouses of correction officers who died in the line of duty

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to surviving spouses of correction officers, reducing their tax burden and supporting families of public servants who died in the line of duty.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jun 4, 2026

S 9407: Provides a sales tax exemption to any admission charge for a comedy performance

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by exempting sales tax on comedy admission, reducing financial burden on consumers and promoting accessibility to entertainment.75% confidence

Sub-Topics Sales Tax Tax Incentives

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