Budget & Taxes

passed · New York · Senate Mar 5, 2026

S 3665: Expands the tax exemption for new farm buildings

S 3665 expands the real property tax exemption for new farm buildings. It includes structures used for the on-farm processing of agricultural and horticultural commodities. Additionally, the bill extends the exemption to cover buildings used for the on-farm sale of maple syrup, honey, and beeswax. This change benefits farmers and agricultural businesses by reducing their property tax burden on these specific types of structures. The act takes effect one year after becoming law, applying to assessment rolls prepared on

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exemption for farm buildings, reducing property tax burden on agricultural structures, aligning with tax relief indicators for businesses.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Feb 26, 2026

S 2327: Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund

Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects penalties to community development fund, increasing public funding allocation for essential community programs.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · New York · Senate Feb 26, 2026

S 3574: Relates to notification of a senior real property tax exemption

This bill requires local tax offices to send seniors two notices about renewing their real property tax exemption. It mandates an initial notice 60 days before the tax deadline and a second notice 30 days before if the renewal application hasn't been received. Seniors must submit a completed application by the deadline to maintain their exemption, and tax offices must notify them of approval or denial within three days of the assessment roll closing. This applies directly to seniors who previously qualified for the exemption and need to renew it annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnsures seniors maintain tax exemption through required notices, supporting tax relief for seniors.80% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Feb 26, 2026

S 3615: Relates to minority depository institutions which apply to establish a home or branch office in an unbanked or underbanked community

Relates to minority depository institutions which apply to establish a home or branch office in an unbanked or underbanked community; provides that such institutions shall be entitled to receive deposits from the state comptroller and the commissioner of taxation and finance.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects state deposits to minority depository institutions, funding underserved community banking services through government spending allocation.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Senate Feb 25, 2026

S 1529: Establishes a carbon farming tax credit for farmers

Establishes the carbon farming certification committee for the purpose of developing a certification framework, determining qualified carbon removal practices eligible for the carbon farming tax credit, and promulgating certification standards for qualified carbon removal practices; provides for the development of educational materials to encourage carbon farming by promoting farming practices which reduce, sequester and mitigate greenhouse gas emissions on land used in support of a farm operation; establishes carbon farming tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for carbon farming, providing direct tax relief to farmers, explicitly impacting state tax policy and revenue.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credit for carbon farming to increase sequestration, directly reducing emissions and advancing climate goals through agricultural practices.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Senate Feb 24, 2026

S 2032: Establishes the previously owned zero-emission vehicles rebate program

Establishes the previously owned zero-emission vehicles rebate program to provide an incentive of an amount up to $2,000 for individuals who purchase used or previously owned zero-emission vehicles.

Topics ✓ Budget & TaxesSupports Budget & TaxesState-funded rebate program requires budget allocation, constituting new government spending to incentivize zero-emission vehicle purchases.85% confidence ✓ EnvironmentSupports EnvironmentBill provides $2,000 rebates for used zero-emission vehicle purchases, directly reducing transportation emissions and promoting clean energy adoption per environmental indicators.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · New York · Senate Feb 24, 2026

S 4065: Establishes a sustainable aviation fuel tax credit

This bill creates a tax credit for sustainable aviation fuel producers in New York, offering $1 per gallon (up to $2 per gallon) based on emissions reductions. Producers must meet strict criteria: fuel must reduce lifecycle greenhouse gases by at least 50% compared to jet fuel, be derived from biomass/waste, and avoid palm/petroleum sources. The credit requires certification from the New York State Energy Research and Development Authority (NYSERDA), with a $30 million annual spending cap. It directly affects fuel producers and businesses using qualifying fuel for flights departing from New York airports, aiming to incentivize cleaner aviation fuel adoption.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit with $30M annual cap to fund sustainable aviation fuel production via fiscal incentives, directly advancing state budget allocation for environmental goals.90% confidence ✓ EnergySupports EnergyCreates tax credit for sustainable aviation fuel meeting 50% emissions reduction criteria, directly promoting renewable energy adoption and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentBill creates tax credit for sustainable aviation fuel requiring 50% lifecycle GHG reduction, promoting cleaner energy and reducing emissions per strict environmental criteria.95% confidence ✓ TransportationSupports TransportationPromotes sustainable aviation fuel adoption via tax credits, reducing emissions in transportation sector. Aligns with sustainable transportation goals per bill's emissions criteria and funding mechanism.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · New York · Senate Feb 24, 2026

S 1733: Creates a program to assist municipalities with water quality improvement of water bodies within the municipality managed by lake associations

Bill S 1733 creates a new program to help municipalities improve water quality in water bodies managed by lake associations within their jurisdiction. The Department of Environmental Conservation (DEC) will establish this program to identify water quality concerns, determine effective remediation strategies, and assist with best practices for maintaining water quality. Additionally, the DEC will create a grant program to provide financial assistance to municipalities for remedial actions. The department is authorized to develop rules and regulations to implement these provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates DEC grant program for municipal water quality remediation, directly funding state budget allocation for environmental programs.90% confidence ✓ EnvironmentSupports EnvironmentBill creates DEC program with grants to improve municipal water quality through remediation strategies, directly advancing environmental protection of water bodies.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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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 | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · New York · Senate Feb 13, 2026

S 8783: Makes technical corrections relating to authorizing the Bedford Hills Fire District to file an application for exemption from school and real property taxes

Makes technical corrections relating to authorizing the Bedford Hills Fire District to file an application for exemption from school and real property taxes for the 2022-2023 assessment years.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables Bedford Hills Fire District tax exemption from school/real property taxes, providing direct tax relief for a government entity under fiscal management policy.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes