Budget & Taxes (Tax Incentives)

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

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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

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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

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in committee · New York · Assembly Jan 20, 2026

A 9458: Relates to the application period for a real property tax exemption for surviving spouses of police officers killed in the line of duty

Provides that an application for a real property tax exemption for surviving spouses of police officers killed in the line of duty be filed with the assessor on or before the taxable status date.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for surviving spouses, offering direct tax relief to a specific group, aligning with support indicators for tax relief policies.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Feb 25, 2026

A 9489: 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 & TaxesProvides tax exemption for military service members, reducing their property tax burden - direct tax relief aligning with support indicators.95% confidence ✓ VeteransSupports VeteransProvides real property tax exemption for combat zone veterans, directly expanding financial benefits for service members.95% confidence

Sub-Topics Property Tax Tax Incentives

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passed both · New York · Assembly May 14, 2026

A 9570: Relates to the clergy property tax exemption

Permits local governments to extend the existing clergy residential property tax exemption to include clergy residing in co-ops; clarifies that the clergy property tax exemption shall not affect eligibility for certain other tax abatements.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants tax exemption for clergy property, reducing state tax revenue and limiting government tax collection efforts.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 21, 2026

A 9610: Increases the excelsior research and development tax credit for qualified research and development expenditures attributable to activities conducted in New York state

Increases the excelsior research and development tax credit maximum from six to twenty percent for qualified research and development expenditures attributable to activities conducted in New York state.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases R&D tax credit rate from 6% to 20%, providing tax relief to businesses conducting research in NY, advancing fiscal policy to stimulate innovation and economic growth.95% confidence ✓ TechnologySupports TechnologyBill increases R&D tax credit (6%→20%) for tech-focused research in NY, directly funding innovation in technology sector.95% confidence

Sub-Topics Tax Credits Tax Incentives

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signed · New York · Senate Feb 13, 2026

S 8803: Relate 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 the primary residence of veterans with a 100% service-connected disability. It applies to veterans who were honorably discharged, have a 100% disability rating from the U.S. Department of Veterans Affairs, and meet specific criteria like permanent total disability or receipt of VA benefits. The exemption fully removes property taxes and special assessments for qualifying veterans' primary homes, in addition to existing tax benefits. The law takes effect for tax assessments dated October 1, 2026, and does not reduce a property's taxable value below zero.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for veterans, reducing tax burden. Direct tax relief aligns with fiscal policy support for vulnerable groups.95% confidence ✓ VeteransSupports VeteransCreates property tax exemption for veterans with 100% service-connected disability, removing financial burden on primary residence and expanding tax benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Education Veteran Housing

in committee · New York · Assembly Jan 21, 2026

A 9656: Authorizes real property taxing jurisdictions to grant a partial tax exemption for property purchased by a clinician in a clinician shortage area

Authorizes real property taxing jurisdictions to grant a partial tax exemption for property purchased by a clinician in a clinician shortage area, as determined by the commissioner of health, which will be such clinician's primary residence and they will practice in such shortage area; provides state aid to taxing jurisdictions which grant the exemption to the extent of the tax savings provided to clinicians.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides partial property tax exemption for clinicians in shortage areas, reducing tax burden; state aid compensates jurisdictions for tax savings, aligning with tax relief indicators.95% confidence ✓ HealthcareSupports HealthcareTax exemption incentivizes clinicians to practice in shortage areas, directly improving healthcare access in underserved regions by addressing workforce gaps.95% confidence

Sub-Topics Tax Incentives

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