Budget & Taxes (Tax Incentives)

in committee · New York · Assembly Jan 7, 2026

A 5971: Relates to real property subject to an authorization for a real property tax exemption

Relates to real property subject to an authorization for a real property tax exemption in the town of Smithtown, county of Suffolk, with respect to the 2019 and 2020 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax exemption for Smithtown properties, reducing tax burden. Tax exemptions align with support indicators of tax relief measures.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5075: Expands the START-UP NY program to include medical primary care services

This bill amends New York's START-UP NY program to allow medical practices providing primary care services to participate. Previously excluded, these practices are now eligible for the program's tax incentives and support. The changes specifically revise two sections of the Economic Development Law to remove the exclusion of primary care medical practices and adjust campus eligibility rules. The program now expands opportunities for primary care providers to establish or grow their practices through state economic development resources.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax incentives for primary care medical practices under START-UP NY, providing fiscal support through program eligibility adjustments95% confidence ✓ HealthcareSupports HealthcareRemoves exclusion of primary care from tax incentive program, enabling growth of healthcare services and improving access to primary care.95% confidence

Sub-Topics Tax Incentives Primary Care

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died · New York · Senate Jun 1, 2026

S 3194: Relates to defining "period of war" for the alternative veterans' exemption

This bill updates New York's definition of "period of war" in the real property tax law to expand eligibility for the alternative veterans' exemption. It adds specific recent military conflicts to the existing list, including the Global War on Terrorism (September 11, 2001, through end of hostilities), and NATO combat operations in Somalia (1992-1994), Bosnia (1995-2004), and Kosovo (1999-1999). Veterans who served during these newly included periods will now qualify for the tax exemption. The change directly affects veterans whose service falls within these defined modern conflicts, ensuring they meet the eligibility criteria under current law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands real property tax exemption eligibility for veterans, providing tax relief by reducing tax burden for qualifying veterans under updated war period definitions.90% confidence ✓ VeteransSupports VeteransExpands tax exemption eligibility by adding recent conflicts to qualifying service periods, directly advancing veterans' benefits under state tax law.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Assembly Oct 14, 2025

A 8651: Relates to the tax exemption of a mutual redevelopment company

This bill extends tax exemptions for mutual redevelopment companies in cities with over one million residents. It allows local governments to grant an additional 50-year tax exemption period after the initial maximum period ends, provided the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid in 2001 - whichever is lower. The exemption applies specifically to residential portions of redevelopment projects. This change directly affects mutual redevelopment companies operating in large cities like New York City, altering their long-term tax obligations.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax exemptions for redevelopment companies, reducing their tax burden - direct tax relief measure supporting tax policy.90% confidence

Sub-Topics Tax Incentives

signed · New York · Senate Feb 14, 2025

S 781: Establishes eligibility for a tax exemption on real property for enrolled members of ocean rescue squads in certain municipalities

Establishes eligibility for a tax exemption on real property for enrolled members of ocean rescue squads in certain municipalities; repeals a section of law relating to the eligibility of enrolled members of Southampton Village Ocean Rescue for a tax exemption on real property.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax exemption for ocean rescue squad members, providing direct tax relief. This reduces government revenue for the exempted group, aligning with support indicators for tax relief.90% confidence

Sub-Topics Tax Incentives

passed · New York · Assembly May 29, 2026

A 8117: Authorizes the county of Nassau assessor to accept an application for a retroactive real property tax exemption from the Incorporated Village of Hempstead Community Development Agency

Authorizes the county of Nassau assessor to accept an application for a retroactive real property tax exemption from the Incorporated Village of Hempstead Community Development Agency for the 2020--2021 school taxes and the 2021 general taxes for the property at 40 Byrd Street.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes retroactive tax exemption for specific property, reducing tax burden - aligns with tax relief indicator for support stance95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 18, 2026

A 824: Relates to providing language access services to individuals relating to the tax abatement program

Relates to providing language access services to individuals relating to tax abatement programs for rent-controlled and rent-regulated property occupied by senior citizens or persons with disabilities and senior citizen and disabled homeowners.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures language access for tax abatement program, enabling eligible seniors/disabled renters to access existing tax relief, supporting program implementation.85% confidence

Sub-Topics Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4539: Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income threshold for property tax exemption for seniors, providing tax relief by expanding eligibility to higher-income seniors (up to $75k), aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4284: Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to certain high density area in Kings county

Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to co-located work space and residential units in certain high density areas in Kings county.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends J-51 tax exemption for commercial-to-residential conversions, providing tax relief to property owners in Kings County development projects.95% confidence ✓ HousingSupports HousingBill extends J-51 tax exemption to convert commercial space to residential units in high-density areas, directly incentivizing housing development and increasing housing supply.95% confidence

Sub-Topics Tax Incentives Zoning

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in committee · New York · Assembly May 29, 2025

A 6579: Establishes an active service exemption

Authorizes municipalities to offer a real property tax exemption for active military 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 members, a form of tax relief under property taxation policy95% confidence

Sub-Topics Property Tax Tax Incentives

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