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

Track

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

Track

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

Track

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

Track

in committee · New York · Senate Feb 25, 2026

S 5501: Relates to creating a new acquisition fund for community land trusts located in New York state

Relates to creating a new acquisition fund for community land trusts located in New York state; provides that moneys of the fund shall be expended solely to carry out the affordable home ownership development program exclusively for community land trusts; defines community land trusts.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new state fund for affordable housing program, explicitly allocating state moneys for community land trusts' development activities.95% confidence ✓ HousingSupports HousingCreates dedicated fund for community land trust affordable housing development, directly advancing affordable home ownership through funding.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

in committee · New York · Senate Feb 10, 2026

S 3150: Establishes the New York state first home grant program

Establishes the New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state budget funds for first-time homebuyer grants, directly funding a program under government spending with no tax implications.95% confidence ✓ HousingSupports HousingProvides direct financial assistance for down payments and closing costs for first-time homebuyers, advancing affordable housing access through state funding.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

passed · New York · Senate Feb 10, 2026

S 672: Relates to environmental restoration projects; repealer

Bill S 672 updates the environmental conservation law regarding environmental restoration projects, primarily affecting municipalities and entities involved in remediating contaminated sites. It allows for project funding starting in fiscal year 2025-2026 and expands the definition of "contaminant" to include emerging contaminants and PFAS substances. The bill modifies how responsible party settlement payments are applied to project costs and adds new criteria for prioritizing projects, such as those in disadvantaged communities or addressing drinking water contamination. Additionally, it broadens state indemnification for municipalities, successors, lessees, and lenders involved in these remediation efforts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes funding for environmental restoration projects starting fiscal year 2025-2026, directly allocating state budget resources to a public service program.85% confidence ✓ EnvironmentSupports EnvironmentExpands contaminant definition to include PFAS, funds restoration projects, strengthens remediation efforts under environmental conservation law90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

passed · New York · Senate Feb 5, 2026

S 4075: Relates to authorizing the Silver Lake Foundation Inc. to receive retroactive real property tax exempt status

Authorizes the assessor of Richmond county to grant the Silver Lake Foundation Inc. retroactive real property tax exempt status upon an application therefor.

Topics ✗ Budget & TaxesOpposes Budget & TaxesGrants retroactive tax exemption to foundation, reducing county tax revenue and weakening tax base.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

Track

in committee · New York · Senate Jan 7, 2026

S 2347: Creates a small business grid renewable energy tax credit

Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for small businesses using renewable energy, providing direct tax relief which aligns with supporting tax relief for businesses under Budget & Taxes.95% confidence ✓ EnergySupports EnergyBill creates tax credit for small business renewable energy usage, directly promoting renewable adoption per its explicit language and title.95% confidence ✓ EnvironmentSupports EnvironmentBill creates tax credit for small business renewable energy usage, directly promoting clean energy adoption and reducing reliance on non-renewable sources, aligning with environmental protection goals.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track