Provides for a working families tax credit; directs quarterly prepayment of the credit; provides for a sliding reduction in the credit for incomes which exceed a certain threshold.
Establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state by setting a maximum allowable amount of greenhouse gas emissions by covered entities and regulating the sale or auction of greenhouse gas emissions allowances to covered entities.
Establishes the civil right to counsel in eviction proceedings in New York state; creates the New York state office of civil representation; requires that covered individuals be given notice of such right to counsel.
Requires the office for people with developmental disabilities to create a staffing plan for workforce emergencies when experiencing staffing shortages.
Provides that each electric corporation shall establish a unique priority phone number that shall remain in operation every day of the year for customers who have documented their need for essential electricity for medical needs; makes related provisions.
Provides an exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes; authorizes local governments to elect such incentives; repeals the hybrid exemption after ten years.
Maddy summaryS 2429 creates a New York state tax credit for employers who hire residents from targeted groups (like veterans, ex-offenders, or long-term unemployed individuals) as defined by federal law. Employers can claim up to $500 per eligible employee annually, with a total lifetime cap of $90 million and an annual limit of $30 million. The credit reduces state tax liability but cannot lower tax below minimum thresholds, and any unused credit is treated as an overpayment. The program applies to wages paid starting January 1, 2026, and expires December 31, 2028. It directly affects New York employers hiring from specified target populations.
Directs the department of environmental conservation to establish a perfluoroalkyl and polyfluoroalkyl substances removal treatment installation grant program, providing a one-time grant to private well users for the installation of PFAS treatment or service connection to a public water system; directs the department of environmental conservation to establish a perfluoroalkyl and polyfluoroalkyl substances removal treatment maintenance rebate program, providing a rebate to private well users for the maintenance of PFAS treatment equipment.
Extends the period during which the empire state digital gaming tax credit may be claimed to 01/01/2032; amends the eligibility criteria for game development companies by changing the yearly timeframe structure, lowering the dollar threshold per production, and removing the in-state cost incurred threshold to accurately fit current digital gaming industry models; allows unused credits to be rolled over to the following tax year.
Lowers the blood alcohol concentration required for driving while intoxicated from .08 of one per centum to .05, and for aggravated driving while intoxicated from .18 per centum to .12.
