Budget & Taxes (Business Taxes)

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 7592: Provides for an angel investor income tax credit

Bill S 7592 creates an income tax credit for "angel investors" who invest in qualifying new businesses. Individual accredited investors, excluding those with controlling stakes or institutional venture capital firms, can receive a credit equal to 25% of their investment, for investments of $25,000 or more. The maximum credit allowed per investment is $250,000, and any unused credit can be carried over to future tax years. To qualify, businesses must be relatively new, have limited revenue, employ fewer than 25 full-time staff with at least 60% in New York, and have received no more than $2 million in previous angel investor credits. This legislation applies to personal and corporate income tax years beginning on and after January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax credit for wealthy angel investors, reducing government revenue - aligns with 'oppose' indicator of tax breaks for wealthy.95% confidence

Sub-Topics Business Taxes Income Tax 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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in committee · New York · Senate Jan 7, 2026

S 7323: Enacts the MEGA corporations act mandating worldwide combined reporting for large corporations

Enacts the MEGA corporations act mandating worldwide combined reporting for large corporations that have more than one billion dollars in gross receipts.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates worldwide combined reporting for large corporations to close tax loopholes and improve tax collection, aligning with fiscal responsibility indicators.90% confidence

Sub-Topics Business Taxes

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in committee · New York · Assembly Jan 7, 2026

A 3878: Allows localities to grant an exemption from real property taxation for child day cares

This bill allows local governments (counties, cities, towns, villages, or school districts) to create a property tax exemption for licensed child day cares. Specifically, it permits localities to exempt up to 50% of a child care facility's assessed property value from real estate taxes, but only if the locality formally approves the exemption through a law or resolution. The exemption applies only to properties actively used for licensed child care operations, and ends if the property is no longer used for that purpose. Local governments may choose to offer a smaller exemption than 50% if they prefer.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption (up to 50% of assessed value) for licensed child care facilities, offering tax relief to support essential childcare services.92% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7933: Enacts the corporate accountability for tax expenditures act

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.

Topics ✓ Budget & TaxesSupports Budget & TaxesStandardizes tax expenditure applications and requires reporting/recapture, promoting fiscal accountability in corporate tax incentives.85% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

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