Budget & Taxes (Business Taxes)

in committee · New York · Senate Jul 15, 2026

S 10661: Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing; repealer

This bill repeals specific sections of the state tax law that currently limit how businesses can deduct expenses. By removing these restrictions, the legislation aims to align the state's tax code with federal rules regarding business expensing. The changes apply directly to businesses operating within the state and take effect immediately upon passage.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes state tax restrictions to align with federal business expensing rules, providing tax relief and reducing the tax burden on businesses.90% confidence

Sub-Topics Business Taxes Tax Incentives

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failed · New York · Assembly Jun 4, 2026

A 10938: Provides a one-year utility bill tax and surcharge holiday and two-year green energy tax holiday

This bill offers temporary relief on utility costs for one year and exempts fees related to green energy projects for two years. During the first year, customers will not pay sales tax, gross receipts tax, or specific surcharges on their utility bills, and utility companies must lower their rates to match the savings. The second part of the bill prevents utility companies from charging ratepayers for building renewable energy systems, electric vehicle infrastructure, or charging stations for two years. To cover the lost tax revenue, the state will transfer money from its general fund to the relevant accounts after the one-year holiday ends. These changes directly affect all utility customers and those involved in renewable energy or electric vehicle projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief and exemptions on utility bills and green energy fees, directly supporting fiscal relief for consumers.90% confidence ✓ EnergySupports EnergyBill provides tax relief on utility bills and exempts fees for green energy projects, directly supporting renewable energy and protecting consumers.90% confidence ✓ EnvironmentSupports EnvironmentBill promotes green energy and renewable systems while reducing utility costs.90% confidence ✓ TransportationSupports TransportationBill exempts fees for EV infrastructure and charging stations, directly promoting sustainable transportation.75% confidence

Sub-Topics Business Taxes Fees & Licensing Sales Tax Electric Vehicles Renewable Energy Electric Vehicles

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in committee · New York · Senate May 12, 2026

S 10304: Provides a state income tax exemption for police officers

This bill proposes to exempt the first $100,000 of state income tax for resident police officers. It achieves this by adding a specific subsection to the state tax law that defines eligible individuals based on existing criminal procedure definitions. The legislation also requires the tax commissioner to create rules for verifying claims made by taxpayers seeking this exemption. These changes would apply to taxable years starting on or after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to police officers, aligning with indicators for supporting tax policies that benefit public service workers.85% confidence ✓ Criminal JusticeSupports Criminal JusticeBill provides tax exemption for police officers, enhancing compensation and retention, which supports law enforcement stability.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Policing

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in committee · New York · Assembly Apr 1, 2026

A 10777: Relates to the pass-through entity tax credit and the city pass-through entity tax credit

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for pass-through entities, reducing tax liability and providing fiscal relief to businesses and partners.85% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Senate Apr 14, 2026

S 9911: Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; and repeals certain provisions of the tax law relating thereto

Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; repeals provisions relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes new sales and use taxes on general aviation aircraft, increasing the tax burden on this sector.90% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate May 13, 2026

S 9625: Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit eligibility to not-for-profit and public media corporations, promoting fiscal support for essential media services and expanding tax incentives.75% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Mar 19, 2026

S 9520: Relates to small business savings accounts

This bill creates a new tax-advantaged savings program called SAVE for small businesses with 25 or fewer employees and annual net income under $250,000. It allows these businesses to contribute up to 10% of their previous year's gross profits to the accounts and deduct those contributions from their taxes, while tax-free withdrawals are permitted during specified economic hardship periods if the funds are used for worker hiring or job retention. The program requires the state tax commissioner to establish account standards, set distribution limits during hardship periods, and report annually on the accounts' effectiveness in stabilizing businesses and creating jobs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax-advantaged savings program for small businesses with tax deductions, promoting fiscal relief and economic support for small enterprises.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax-advantaged savings for small businesses to fund worker hiring and job retention, directly supporting employment stability and workforce development.75% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · New York · Senate Feb 10, 2026

S 9171: Establishes a central business district toll credit for commercial trucks

Establishes a tax credit for commercial trucks entering into the central business district for all additional tolls charged on trips into the central business district after the first entry per day.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for commercial trucks, reducing toll-related tax burden as direct tax relief under Budget & Taxes policy90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Feb 12, 2026

A 10255: Relates to business income base and certain small business taxpayers

This bill adjusts New York State tax rates for small business taxpayers by lowering the business income tax percentage for qualifying small businesses over time. For taxable years beginning in 2027, businesses with a base income under $400,000 pay 4% instead of the previous rate; this drops to 2.5% for 2028. It directly affects sole proprietors and entities like LLCs, partnerships, or S corporations with net business income under $550,000 (for sole proprietors) or $1.5 million in gross business income (for other entities). The bill modifies tax calculations for income above $400,000 up to $500,000, with specific formulas for higher brackets. These changes apply to New York State tax returns for 2027 and later.

Topics ✓ Budget & TaxesSupports Budget & TaxesLowers business income tax rates for small businesses (4% in 2027, 2.5% in 2028), providing direct tax relief to qualifying sole proprietors and entities under income thresholds.95% confidence

Sub-Topics Business Taxes Income Tax Tags Small Business

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in committee · New York · Senate Mar 19, 2026

S 9189: Relates to increasing tax rates imposed on unincorporated businesses and corporations in New York city

Increases tax rates imposed on unincorporated businesses and corporations in New York city upon adoption of a local law by the local legislative body of the city of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes 25% business tax surcharge on corporations in large cities, directly increasing municipal tax revenue for budget purposes.92% confidence

Sub-Topics Business Taxes Fees & Licensing

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