Budget & Taxes

passed both · New York · Assembly Jun 4, 2026

A 11412: Requires an annual brownfields redevelopment tax credit report

This bill requires the state tax commissioner to publish an annual report on brownfields redevelopment tax credits by June 30th each year. The report will list the names of entities claiming these credits, the specific amounts of tax benefits received, and details about the projects funded, such as construction jobs, wage rates, and the number of minority and women-owned businesses involved. By making this information public, the legislation aims to increase transparency regarding how the state's tax incentives for cleaning up contaminated sites are being utilized. The requirement for this report applies to all taxpayers who claimed the credit in the previous calendar year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enhances transparency in tax credit usage, promoting fiscal responsibility and accountability in government spending.75% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Assembly Jun 4, 2026

A 10429: Provides a sales tax exemption to any admission charge for a comedy performance

This bill removes sales tax from admission fees for comedy shows, including both scripted and unscripted stand-up performances. It applies to theaters, opera houses, and other venues hosting live comedy acts, as well as cabarets and similar establishments that charge a separate fee for comedic entertainment. The exemption covers both traditional dramatic venues and places that serve food or merchandise alongside comedy performances, provided the admission charge is distinct from food or merchandise sales. The changes will take effect at the start of the next sales tax quarter after the law is enacted, with a minimum 60-day waiting period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for entertainment, reducing tax burden on consumers and promoting economic activity through lower prices.75% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Senate Jun 4, 2026

S 8746: Relates to professional employer organization services

Provides that receipts from other services and other business receipts, taxpayers, and combined groups including members, engaged in providing professional employer organization services shall include with such receipts amounts received with respect to wages, benefits, and other employee expenses disbursed to or for the benefit of a client's worksite employees and the related employment taxes if the amounts received are included in the calculation of the business income base or the combined business income base, respectively.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires PEOs to include client wage/benefit payments in taxable income, closing a potential tax loophole and expanding the tax base for state revenue.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · New York · Assembly Jun 4, 2026

A 2631: Provides additional tax exemptions for two qualified veterans living in the same household

This bill expands property tax exemptions for veterans living together in the same household. It adds up to a 7.5% exemption (capped at $6,000) for non-combat veterans sharing a home, and up to a 5% exemption (capped at $4,000) for veterans who served in combat zones. Local governments must adopt these provisions through public hearings and local ordinances to implement the additional tax breaks. The changes directly affect qualifying veterans living with other veterans and require local jurisdictions to formally approve the exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemptions (reducing burden) for veterans, directly aligning with tax relief indicator for middle/lower income groups in Budget & Taxes.95% confidence ✓ VeteransSupports VeteransExpands property tax exemptions for veterans, adding financial benefits based on service type (combat/non-combat)90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Assembly Jun 4, 2026

A 4619: Relates to the taxation of vapor products

Relates to the taxation of vapor products; provides for the licensing of vapor products distributors; imposes certain tax return filing requirements on vapor products distributors; provides for enforcement powers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new tax on vapor products distributors, creating a dedicated revenue stream for state budget through taxation measures.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Assembly Jun 4, 2026

A 5577: Authorizes an occupancy tax in the county of Herkimer

Herkimer County in New York can now impose a 5% tax on short-term hotel and motel stays. This applies to most lodging businesses (including motels, bed-and-breakfasts, and similar facilities), but excludes government properties, non-profit organizations, and guests staying 90+ consecutive days. Hotels and motels would collect the tax from guests and remit it to the county, with all revenue funding the county's general fund for any lawful purpose. The law outlines collection procedures, refund processes, and specific exemptions to prevent double taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes 5% occupancy tax on hotels, revenue funds county general fund - directly increases tax revenue for fiscal management and budget allocation.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Senate Jun 3, 2026

S 10264: Permits the Chenango Forks central school district to create an insurance reserve fund

This bill authorizes the Chenango Forks Central School District to establish an insurance reserve fund to help cover specific insurance claims and legal judgments. The legislation amends state law to allow this district, along with several other named school districts, to set aside money for losses related to risks they are required to insure, such as liability claims. It clarifies that funds from this reserve cannot be used for losses already covered by other existing reserve funds or for specific excluded risks listed in state insurance laws. By taking effect immediately, the bill provides a direct mechanism for the district to manage financial risks associated with insurance without needing further legislative approval for this specific purpose.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by allowing school districts to create insurance reserve funds, ensuring financial stability and protecting against future liabilities.85% confidence ✓ EducationSupports EducationBill allows a school district to create an insurance reserve fund, protecting district finances and ensuring resources remain available for education operations.75% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Assembly Jun 3, 2026

A 11296: Permits the Vestal Central School District to create an insurance reserve fund

This bill allows the Vestal Central School District to establish an insurance reserve fund to help cover specific insurance claims and legal judgments. The legislation amends state law to explicitly include this school district alongside other existing districts that are permitted to create such funds. Under the new rules, the district can use money from the reserve to pay for losses related to risks where insurance is required, provided it does not already have a separate reserve for those same risks. The bill takes effect immediately upon passage, giving the school board the authority to set up the fund and begin managing it according to state guidelines.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by allowing a school district to create an insurance reserve fund, protecting against future financial losses.85% confidence ✓ EducationSupports EducationBill enables a school district to create an insurance reserve fund, protecting district finances and ensuring resources remain available for educational operations.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Assembly Jun 2, 2026

A 10885: Relates to benefits for the surviving spouses of firefighters killed in the line of duty

This bill creates a real property tax exemption for the primary residences of surviving spouses of firefighters who died in the line of duty. It allows local governments and school districts to automatically exempt up to 50% of the assessed value of these homes from taxation, though they retain the option to reduce this percentage if they choose. The law defines eligible firefighters broadly to include paid members of various fire departments and extends the benefit to properties held in trust or by cooperative apartment corporations, while excluding certain types of housing. Additionally, the bill requires the state to develop and publish a list of documents that prove eligibility for this tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to surviving spouses of firefighters by exempting up to 50% of home value from property taxes.90% confidence ✓ HousingSupports HousingBill provides tax exemptions for surviving spouses' primary residences, reducing housing costs and supporting housing stability.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax exemptions for surviving spouses of firefighters, expanding benefits to support workers and their families.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · New York · Senate Jun 1, 2026

S 9571: Permits multiple transfers of low-income housing tax credits

This bill allows low-income housing tax credits to be transferred multiple times between different owners or entities, rather than being limited to a single transfer. It directly affects taxpayers who own interests in low-income housing buildings and the entities that receive these tax credits. The key provision permits a transferee to pass the credit on to another person or entity, provided the transfer is properly documented and does not affect the project's eligibility for program benefits. The changes apply to tax credits allocated under the public housing law, regardless of whether the projects are under construction, completed, or in pre-development stages.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit transfers, providing more flexibility for low-income housing investments and potentially increasing funding for affordable housing programs.85% confidence ✓ HousingSupports HousingBill facilitates low-income housing tax credit transfers, enabling more entities to develop affordable housing projects and increasing available affordable housing units.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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