This bill creates a property tax exemption for the primary residence of New York veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a VA/DoD rating of 100% disability due to military service, or be rated individually unemployable due to service-related conditions. The exemption covers all real property taxes, special district charges, and assessments on their primary home. The law takes effect for tax assessments starting January 2, 2026.
Authorizes the department of public service to develop, implement, administer and operate a temporary middle income home energy assistance program; makes an appropriation therefor.
Establishes and funds the close the waitlist fund by utilizing a tax surcharge to pay for providing senior services to individuals who have been waitlisted to receive such senior services.
Establishes the New York state rural mobile communications fund to provide grants for the purpose of increasing cellular service in low- to no-coverage areas.
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Rural Communities
This bill prohibits county industrial development agencies from offering financial incentives (like tax breaks or funding) in any municipality that already has its own dedicated industrial development agency. It directly affects municipalities with established local agencies by preventing overlapping county-level incentives in those areas. The key provision bans county agencies from providing any form of financial assistance, tax incentives, or similar benefits within such municipalities. The law will take effect two years after enactment, creating a clear separation between county and municipal economic development efforts.
This bill creates tax credits for businesses relocating to New York City (population over 1 million) from outside New York State. It requires qualifying businesses to maintain a minimum number of employee work hours at eligible locations (10,000+ square feet in NYC) and obtain annual city certifications from the mayor or designated agencies. Businesses must document eligibility, including proof of relocation after July 2025 and meeting specific employment thresholds, with new applications barred after July 1, 2028. The policy directly affects businesses moving operations to NYC, offering tax relief tied to sustained local employment.
Authorizes the assessor of Richmond county to grant the Silver Lake Foundation Inc. retroactive real property tax exempt status upon an application therefor.
Amends the imposition of sales tax to dramatic or musical arts performances, or live circus performances, or motion picture theaters, where such admission charge is not more than one thousand dollars.
Extends the duration of certain brownfield redevelopment and remediation tax credits with respect to a site located within the Renaissance Commerce Park situate within the city of Lackawanna, Erie county.
Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.
