Budget & Taxes (Income Tax)

in committee · New York · Senate Jan 7, 2026

S 4425: Provides for the advance payment of the earned income tax credit

This New York state bill (S 4425) allows qualifying low-income workers to receive advance payments of their Earned Income Tax Credit (EITC) during the year instead of waiting for their annual tax refund. It lowers the age requirement for eligibility from 25 to 19 years old, removes the age 65 ineligibility rule, and increases the EITC credit percentage to 35% for most taxpayers starting in 2027 (with a 15.3% rate for those without children). The bill requires four prepayments: three during the tax year (20% each of the estimated credit) and one adjusted payment after tax filing, all delivered via direct deposit or EBT card. These changes apply to New York residents who meet federal EITC criteria but would otherwise face delays in receiving their credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC access and credit rates for low-income workers, providing direct tax relief and strengthening fiscal support for vulnerable populations.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 5805: Establishes certain credits against income tax for nurses

Establishes a tax credit for full-time nurses and a tax credit for teaching nurses; provides that the amount of such credit shall be five hundred dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for nurses, reducing taxable income - direct tax relief for healthcare workers aligns with supporting middle-income tax relief.95% confidence ✓ HealthcareSupports HealthcareTax credit for nurses incentivizes workforce participation, strengthening healthcare delivery and access through financial support for professionals.90% confidence

Sub-Topics Income Tax Tax Credits Healthcare Workforce

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in committee · New York · Assembly Jan 7, 2026

A 3137: Exempts poll workers from the obligation to pay New York state income tax on income earned on an election day

This bill exempts New York state income tax on income earned by resident poll workers on election days, effective for taxable years beginning after December 31, 2026. It directly affects individuals working as election inspectors, poll clerks, or election coordinators during state, local, or federal elections (including primaries). The key provision removes the requirement for these workers to pay state income tax on their election-day earnings, regardless of federal tax status. The exemption applies only to income earned specifically on election days, not other work.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts poll workers from state income tax on election day earnings, providing tax relief for lower-income election workers as a direct tax policy change.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts poll workers from state income tax on election-day earnings, increasing take-home pay and expanding financial benefits for covered workers.95% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 3205: Authorizes a personal income tax deduction for home heating expenses

Authorizes a personal income tax deduction for expenses paid during the taxable year by a qualified taxpayer attributable to the cost of residential heating, including, but not limited to amounts paid for fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene and any other fuel used to heat such taxpayer's primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for home heating expenses, reducing taxable income for qualifying residents, aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Income Tax

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in committee · New York · Senate Jan 7, 2026

S 4268: Creates a jobs development incentive income tax credit available to employers who employ individuals previously receiving unemployment

This bill creates a $2,400 tax credit for employers who hire individuals who previously received unemployment benefits in New York State. To qualify, an employee must have received unemployment benefits for at least two months, be hired for the first time by the employer, work at least 30 hours per week, and remain employed for 24 consecutive months. The credit is claimed after the 24-month employment period ends and can offset up to the employer's annual income tax liability, with unused portions carried forward for five years. It directly affects employers seeking to hire from the state's unemployment pool and unemployed individuals who meet the benefit and employment criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates employer tax credit ($2,400) to incentivize hiring unemployed individuals, reducing tax liability and promoting job creation through targeted fiscal policy.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncentivizes hiring unemployed individuals, reducing unemployment and supporting job creation through tax credits.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Unemployment

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in committee · New York · Senate Jan 7, 2026

S 5451: Creates a personal income tax credit for taxpayers who pay an excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence

Allows an individual taxpayer to claim a credit against their income tax for excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence; authorizes the commissioner of taxation and finance to promulgate any necessary rules and regulations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates personal income tax credit for flood insurance premiums on primary residence, reducing tax burden for homeowners and aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax Tax Credits

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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 7969: Excludes certain training stipends for volunteer firefighters from state income tax

Bill A 7969 amends state tax law to exclude certain training stipends received by volunteer firefighters from state income tax. This change applies specifically to training stipends received under section 200-aa of the general municipal law, but only if those stipends are already counted in the firefighter's federal adjusted gross income. The bill aims to reduce the state tax burden for volunteer firefighters receiving these particular training payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes firefighter training stipends from state income tax, providing direct tax relief. Aligns with tax relief indicator for middle/lower income groups.90% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jan 7, 2026

A 1883: Directs the department of taxation and finance to create and implement an online program which will enable New York state taxpayers to electronically file income tax returns free of charge

Directs the department of taxation and finance to create and implement an online program which will enable each New York state taxpayer to prepare and electronically file such taxpayer's federal and state income tax returns free of charge.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates free online tax filing, reducing taxpayer costs and promoting efficient tax administration, aligning with fiscal responsibility in tax processes.90% confidence ✓ TechnologySupports TechnologyCreates free online tax filing, advancing digital access and equity for taxpayers through mandatory state-provided digital service.90% confidence

Sub-Topics Income Tax

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