Budget & Taxes (Tax Incentives)

in committee · New York · Senate Feb 18, 2026

S 9256: Relates to increasing the income eligibility for the senior citizen homeowners' exemption

This bill raises the income limit for New York City's senior homeowners' property tax exemption from $57,500 to $100,000 annually. It directly affects senior homeowners (65+ years old) whose household income falls between $57,500 and $100,000, allowing them to qualify for reduced property tax rates they previously did not meet. The key mechanism adjusts the income thresholds in the tax exemption schedule, expanding eligibility so those earning up to $100,000 now receive a 5% tax reduction on their assessed property value. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for seniors (65+) with incomes $57.5k-$100k, providing tax relief to middle-income group95% confidence ✓ HousingSupports HousingIncreases affordability for senior homeowners by expanding tax exemption eligibility, reducing property tax burden for a vulnerable housing group.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

Track

passed · New York · Senate Jun 4, 2026

S 9287: Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties

Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or credit or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for qualifying residents, providing tax relief to eligible homeowners, aligning with support indicators for middle-income tax relief.90% confidence

Sub-Topics Property Tax Tax Incentives

Track

signed · New York · Assembly Feb 13, 2026

A 9514: Relates to the effectiveness of certain provisions relating to excluding certain food donations from sales tax

This bill extends the tax exemption for certain food donations until July 1, 2026. It directly affects food banks, restaurants, and grocers that donate surplus food, allowing them to continue avoiding sales tax on those donations during this period. The key change modifies the effective date of a 2025 tax law provision, aligning it with a prior legislative proposal and setting July 1, 2026, as the new deadline. This maintains the existing policy without altering the scope of eligible donations or tax treatment. The bill was recently passed by the Senate and returned to the Assembly for further consideration.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax exemption for food donations, providing tax relief to donors (food banks/restaurants) and maintaining existing fiscal support without altering scope.95% confidence

Sub-Topics Sales Tax Tax Incentives

in committee · New York · Assembly Jan 21, 2026

A 9696: Establishes the USDA construction tax credit

Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax credit reduces taxes for builders selling USDA-qualified homes, providing tax relief for lower-income housing access, aligning with support indicators.95% confidence ✓ HousingSupports HousingTax credit incentivizes new construction for USDA mortgage qualifiers (low-income buyers), advancing affordable housing development through financial support for developers.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Mortgages

Track

in committee · New York · Senate Feb 3, 2026

S 8792: Relates to the effectiveness of certain provisions relating to excluding certain food donations from sales tax

This bill extends the effective date for a tax exemption on certain food donations until July 1, 2026. It modifies an existing 2025 tax law provision that exempts food donations from sales tax, changing the implementation date to July 1, 2026, instead of the original proposed timeline. The exemption directly benefits food banks, charities, and restaurants donating surplus food, as they will no longer owe sales tax on those donations after the new date. The change only affects the timing of the exemption’s application, not the scope of the tax exclusion itself. This is a procedural adjustment to align with prior legislative proposals.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax exemption for food donations, reducing tax burden on charities/food banks and supporting public service delivery through tax relief.92% confidence

Sub-Topics Sales Tax Tax Incentives

Track

in committee · New York · Assembly Jan 20, 2026

A 9448: Relates to a real property tax exemption for veterans with a one hundred percent service connected disability

This bill creates a new property tax exemption for veterans who are 100% disabled due to military service. It directly affects veterans with an honorable discharge, a VA-rated 100% service-connected disability, and who either receive VA benefits or use those benefits for housing modifications. The exemption applies to their primary residence, removing property taxes and related charges, while ensuring the exemption doesn't reduce tax assessments below zero. It does not replace existing veteran tax exemptions but adds this new benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for veterans, providing direct tax relief under taxation policy without reducing assessments below zero.90% confidence ✓ HousingSupports HousingProvides property tax exemption for veterans' primary residence, reducing housing costs for a specific vulnerable group, aligning with affordable housing goals.85% confidence ✓ VeteransSupports VeteransCreates property tax exemption for 100% disabled veterans' primary residence, reducing financial burden and directly expanding benefits for eligible veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Veteran Healthcare Veteran Housing

Track

passed · New York · Senate May 28, 2026

S 8962: Authorizes the assessor of the town of Hempstead to accept an application for a real property tax exemption from the Telugu Literary and Cultural Association

Authorizes the assessor of the county of Nassau to accept an application for a real property tax exemption from the Telugu Literary and Cultural Association for the property located at 1 North Village Green, hamlet of Levittown, town of Hempstead, county of Nassau.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemption for cultural association, providing targeted tax relief aligning with fiscal policy supporting non-profits.90% confidence

Sub-Topics Property Tax Tax Incentives

Track

signed · New York · Senate Mar 27, 2026

S 8790: Establishes the combat zone service exemption

Authorizes municipalities to offer a real property tax exemption for combat zone service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates real property tax exemption for combat zone service members, providing targeted tax relief that aligns with supporting tax policy for specific groups.95% confidence ✓ VeteransSupports VeteransProvides tax exemption for combat veterans, directly expanding benefits and recognizing service through municipal property tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Housing

in committee · New York · Senate Mar 3, 2026

S 8958: Exempts certain disabled veterans from real property taxation

This bill would provide a full real property tax exemption for the primary residence of disabled veterans who meet specific criteria. To qualify, veterans must have been discharged under honorable conditions, have a qualifying disability or LGBT status recognized under veterans' services law, and be rated as permanently and totally disabled by the Department of Veterans Affairs. The exemption also applies to veterans who are individually unemployable due to their disability and have received government pecuniary assistance for housing modifications. The law ensures the property's taxable value cannot go below zero and does not affect any existing tax exemptions veterans may already receive.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes property tax exemptions for disabled veterans, providing targeted tax relief aligning with support indicators for lower-income tax relief.92% confidence ✓ VeteransSupports VeteransExempts disabled veterans rated by VA from property taxes, providing direct financial relief and expanding tax benefits for veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Education Veteran Housing

Track

in committee · New York · Senate Jan 7, 2026

S 8726: Requires applications for property tax exemptions by nonprofit organizations be filed at the time of purchase of a property

Requires applications for property tax exemptions by nonprofit organizations be filed at the time of purchase of a property; provides that the attorney or agent responsible for filing such application shall be fined twenty-five percent of the property's assessed taxes if such application is not timely filed.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnforces timely filing of nonprofit tax exemptions, preventing revenue loss and promoting fiscal responsibility by ensuring proper tax collection.90% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

Track