Budget & Taxes (Tax Credits)

failed · New York · Assembly Jun 4, 2026

A 6110: Enacts "Averyana's law" to provide a tax credit for the installation of certain smoke alarms

Enacts "Averyana's law"; provides a tax credit for the purchase and installation of certain smoke alarms which incorporate photoelectric technology including but not limited to: photoelectric detectors; and photoelectric/carbon monoxide detectors.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for smoke alarm installation, reducing tax burden - direct fiscal incentive aligning with tax relief support.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 303: Relates to the excelsior research and development tax credit

Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides R&D tax credit for businesses, incentivizing innovation and economic growth through state fiscal policy95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5002: Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations to provide a taxpayer or entity having applied for the low-income housing tax credit and certified by the division of housing and community renewal with a notice of placement on a waiting list upon the submission of a completed application.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes rules for low-income housing tax credit, enabling tax relief for affordable housing projects85% confidence ✓ HousingSupports HousingBill establishes rules for low-income housing tax credit, enabling funding for affordable housing development through tax incentives.95% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 5454: Establishes the New York smart work week pilot program to promote, incentivize and support the use of a four-day work week by qualifying employers and to study the benefits and impacts of such work arrangements

Establishes the New York smart work week pilot program to promote, incentivize and support the use of a four-day work week by qualifying employers and to study the benefits and impacts of such work arrangements; defines terms; establishes a tax credit for participating qualifying employers and employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax credit for employers/employees provides direct fiscal relief, aligning with tax relief indicators in Budget & Taxes policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentPromotes four-day work week via tax credits for employers/employees, directly advancing employment standards and worker benefits through pilot program study95% confidence

Sub-Topics Tax Credits Gig Economy Labor Standards

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in committee · New York · Assembly Jan 7, 2026

A 2229: Establishes an employment of New York national guard and reserve members wage tax credit

Establishes a tax credit for companies that employ New York national guard and reserve members in an amount equal to fifteen hundred dollars for each national guard or reserve member employed by such employer and twenty-five hundred dollars for each national guard or reserve member employed by such employer who has completed or returned from a deployment or activation.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers hiring National Guard members, reducing tax liability and providing tax relief under state tax policy.90% confidence ✓ VeteransSupports VeteransBill provides tax credits for employers hiring National Guard/reserve members, directly supporting veteran employment transition through financial incentives.85% confidence

Sub-Topics Tax Credits National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 1163: Requires piping supplies expense to be included as an acceptable expense for purposes New York State Energy Research and Development Authority energy efficiency programs

Requires piping supplies expenses to be included as an acceptable expense for purposes of calculating a financial benefit, tax credit or other incentive to an owner of real property to improve energy efficiency to a building or structure pursuant to any energy efficiency program overseen by the New York State Energy Research and Development Authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for energy efficiency programs, providing tax relief through state incentives90% confidence ✓ EnergySupports EnergyExpands eligible expenses for NY's energy efficiency programs, enabling more property owners to access incentives for building upgrades that reduce energy consumption.92% confidence ✓ EnvironmentSupports EnvironmentBill expands energy efficiency program incentives by including piping supplies, promoting building energy conservation and reducing emissions through broader financial support.85% confidence

Sub-Topics Tax Credits Energy Efficiency

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in committee · New York · Assembly Jan 7, 2026

A 6889: Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations to provide a taxpayer or entity having applied for the low-income housing tax credit and certified by the division of housing and community renewal with a notice of placement on a waiting list upon the submission of a completed application.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables low-income housing tax credit application process, providing tax relief for lower-income housing initiatives per fiscal policy indicators.95% confidence ✓ HousingSupports HousingBill establishes administrative process for low-income housing tax credit (LIHTC) program, which funds affordable housing development. Facilitates applicant tracking to advance program implementation, supporting affordable housing access.90% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 3495: Establishes a tax credit for certain volunteers who provide at least twenty-five hours of service during the year

Establishes a tax credit for certain volunteers at 501(c)(3) organizations or organizations affiliated with NY Cares or NY Service who provide at least twenty-five hours of service during the year.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit reducing tax burden for volunteers, aligning with tax relief support indicators for middle-income individuals.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2493: Relates to a tax credit for the installation of electrical outlets for charging electric cars in certain parking garages

Establishes a tax credit for the installation of electrical outlets for charging electric cars in certain parking garages owned by condominium management associations or cooperative housing corporations.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for EV infrastructure, providing direct tax relief to property owners under specified conditions.95% confidence ✓ EnergySupports EnergyProvides tax credit for EV charging infrastructure, directly advancing renewable energy adoption and clean transportation infrastructure.95% confidence

Sub-Topics Tax Credits Electric Vehicles

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in committee · New York · Senate Jan 7, 2026

S 5165: Provides for advance payment of the earned income credit by employers

Provides for advance payment of the earned income credit by employers, the commissioner of the department of taxation and finance and the commissioner of New York City's department of finance.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides advance EIC payments, offering immediate tax relief to low-income workers, aligning with tax relief indicators for lower income.95% confidence

Sub-Topics Income Tax Tax Credits

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