Authorizes a correction to an error in the tax assessment rolls of the Bath Central School District; makes an appropriation of $500,000 to address the school district's shortfall that resulted from the error.
Creates a tax credit for small businesses which are required to have and maintain marine bulkheads for the full cost of such maintenance during the taxable year.
This bill creates a state-funded transportation subsidy to help public school students (K-12) access water safety instruction at private facilities. Eligible students must attend a public school where qualified private facilities offering such courses are within a specified radius (2.5 miles in cities over 1 million, 5 miles elsewhere). The subsidy covers transportation costs (e.g., school buses or public transit) for students enrolled in approved programs, with regulations to be set by the education department. It does not fund the instruction itself but removes a barrier to access for families in areas with limited local options.
S 6473 amends New York's real property tax law to allow senior citizens and people with disabilities living in rent-controlled or rent-regulated housing to use certain pension and benefit income for tax abatement calculations. The bill changes how income is calculated by permitting deductions for income taxes and social security taxes, and including retirement benefits, Social Security, and public assistance while excluding gifts, inheritances, and certain benefit increases. To qualify, tenants must have a pre-July 1, 2024, rent increase exemption order, and the new income calculation must result in a lower tax amount than the previous method. This directly affects eligible residents in regulated housing by potentially reducing their property tax burden based on revised income rules.
Authorizes the assessor of the town of Brookhaven, county of Suffolk, to accept an application for a real property tax exemption from Ministerios Sion, Inc. for all of the 2024 general taxes and all of the 2023-2024 school taxes.
This bill (A 1266) creates a state-funded loan program to help hospitals and multi-unit residential buildings (like apartment complexes) reduce energy costs through low-interest loans or interest rate reductions. Eligible projects must first undergo an energy audit and focus on efficiency upgrades or renewable technologies (e.g., solar, efficient HVAC). At least 60% of annual loan funds must support facilities in economically distressed areas, with loans capped at $100,000 and interest rate reductions up to 4% for up to 10 years. The program, managed by the New York State Energy Research and Development Authority, aims to lower operating costs for these facilities statewide.
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.
Provides all registered voters on the day of the general election and the primary election in every even numbered year a full work day off without the loss of pay; provides a tax credit to small businesses who provide a paid day off to employees on general election day.
Removes language requiring the state from moving public safety surcharge funds into the state general fund; increases from seventy-five million dollars to one million dollars available for grants or reimbursements to counties for the development, consolidation, or operation of public safety communications systems or networks designed to support statewide interoperable communications for first responders.
Extends the authority of the county of Orange to impose an additional rate of sales and compensating use taxes; provides for the use of the tax funds collected.