Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 1851: Establishes the upstate New York assessment relief act

Establishes the upstate New York assessment relief act, in relation to authorizing the provision of assessment and tax relief to owners of certain real property which lost fifty percent or more of its value as a result of damage caused by the storm occurring across upstate New York on October 31, 2019.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct tax relief for property owners affected by storm damage, reducing their tax burden as a fiscal measure.95% confidence

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in committee · New York · Senate May 27, 2025

S 5606: Extends the period during which the county of Herkimer is authorized to impose additional sales and compensating use taxes

This bill extends Herkimer County's authority to impose an additional 1% sales tax until November 30, 2027. The tax applies to all sales within the county and must be used exclusively for constructing new correctional facilities. Any remaining funds after construction costs are paid must be deposited into the county's general fund for other public purposes. The extension updates the existing tax authority that previously expired in 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends county sales tax authority to fund correctional facility construction, aligning with public spending priorities and fiscal management for essential infrastructure.95% confidence

Sub-Topics Sales Tax State Budget

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in committee · New York · Senate Jan 7, 2026

S 1238: Exempts vehicles owned and/or operated by certain persons, vendors, organizations or not-for-profit corporations from the imposition of the metropolitan commuter transportation mobility tax

Exempts vehicles owned and/or operated by a not-for-profit corporation, any private vehicle operated by a worker or volunteer, first responders, military personnel, veterans, healthcare workers, critical infrastructure workers acting on behalf of such organization or public employees traveling in an official capacity, wholesale food distributors or wholesale or retail delivery vehicles from the imposition of the metropolitan commuter transportation mobility tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts specific groups from commuter tax, reducing tax burden and providing relief per bill's explicit language90% confidence ✓ VeteransSupports VeteransExempts veterans from transportation tax, providing direct financial benefit as explicitly listed in bill summary95% confidence

Sub-Topics Sales Tax

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signed · New York · Senate Aug 7, 2025

S 6213: Extends the authorization for imposition of additional sales and compensating use taxes in Greene county

This bill extends Greene County's authorization to impose an additional 1% sales and use tax (on top of the existing 3% rate) through November 30, 2027. It directly affects residents and businesses in Greene County who pay sales taxes on goods and services. The key change updates the expiration date from 2025 to 2027 in the tax law, maintaining the same tax rate and scope. The bill does not alter the tax rate or create new tax categories - only extends the current authorization period. The bill was signed into law on August 7, 2025 (Chapter 285).

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Greene County's existing sales tax authorization, maintaining revenue stream without rate changes. Directly supports tax policy continuity for local budget management.90% confidence

Sub-Topics Sales Tax

in committee · New York · Assembly Jan 7, 2026

A 2049: Establishes separate taxes on inheritance income and on gift income

Relates to creating a separate tax on inheritance income, creating a separate tax on gift income, the computation of the estate tax, and creating a gift tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new inheritance and gift taxes, increasing state revenue and strengthening fiscal management through expanded tax base.95% confidence

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in committee · New York · Assembly Jan 7, 2026

A 3701: Relates to classifying certain property held in cooperative form as class one properties for assessment purposes

This bill amends New York's property tax law to include specific cooperative and condominium properties in the "class one" tax category, which typically has lower tax rates than other property classes. It adds two new categories: condominiums that are owner-occupied (with no prior non-condominium classification) and cooperative properties that were part of pre-1940 bungalow colonies maintained solely for owner-occupant use. These properties will now qualify for class one assessment instead of being excluded, potentially reducing their tax burden. The change directly affects residential property owners in qualifying cooperative buildings and condominiums meeting the specified conditions. It does not alter tax rates but adjusts eligibility for the lower-rate classification.

Topics ✓ Budget & TaxesSupports Budget & TaxesClassifies specific properties under lower tax category (class one), providing tax relief to owner-occupants of co-ops and condos, aligning with tax relief indicators.90% confidence ✓ HousingSupports HousingBill lowers property taxes for owner-occupied co-ops and condos, reducing costs for owners and supporting housing affordability for these specific properties.85% confidence

Sub-Topics Property Tax Homeownership Property Taxes

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in committee · New York · Assembly Jun 6, 2025

A 7447: Extends authorization for the county of Fulton to impose an additional one percent of sales and compensating use taxes

This bill extends Fulton County's authority to collect an additional 1% sales tax on top of the existing 3% rate, allowing the county to continue this tax until November 30, 2027. It directly affects residents and businesses in Fulton County who pay sales tax on goods and services. The key provision updates the expiration date of the county's existing tax authorization, which was set to end in 2025 but is now extended to 2027. The bill does not change the tax rate or create new taxes - it only prolongs the current authorization period.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Fulton County's existing 1% sales tax authorization, maintaining county revenue for budget purposes without rate change or new taxes.90% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 1769: Relates to maintaining a database of vacant residential housing units, imposing a real property tax on such vacant units, and funding affordable housing development

Directs the commissioner of housing and community renewal to create and maintain a database of vacant residential housing units, and to create an affordable housing development program; imposes a tax on vacant residential housing units; creates an affordable housing development program fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on vacant properties to fund affordable housing development, directly advancing fiscal management through dedicated program funding.90% confidence ✓ HousingSupports HousingImposes tax on vacant units to fund affordable housing development program, directly advancing housing affordability through dedicated funding.95% confidence

Sub-Topics Property Tax Affordable Housing Housing Finance Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 516: Increases the volunteer firefighters' and ambulance workers' credit

This bill increases the state income tax credit available to active volunteer firefighters and volunteer ambulance workers. Starting January 1, 2027, the credit for eligible resident taxpayers will increase from $200 to $1,200 per year. To qualify, individuals must have served actively for the entire taxable year. For two qualifying spouses filing a joint return, the credit amount will be $2,400, and any excess credit over the tax owed will be refunded.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit from $200 to $1,200 for eligible volunteers, providing direct tax relief under Budget & Taxes policy.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 5436: Enacts the "grid resiliency act"

Enacts the "grid resiliency act" relating to the operation of major electric generation facilities, peaker plants, and simple cycle and regenerative combustion turbines, and to tax credits for the purchase and installation of residential auxiliary electric generating equipment and for disruptions in electric or gas service.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits for residential energy equipment, directly offering fiscal relief to homeowners per support indicators.90% confidence ✓ EnergySupports EnergyBill provides tax credits for residential energy generation equipment and enhances grid infrastructure, promoting distributed energy resilience and adoption of auxiliary power systems.85% confidence

Sub-Topics Electric Grid Energy Resilience

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