Budget & Taxes

in committee · New York · Assembly Jun 13, 2025

A 5479: Relates to the authority for the impose an additional mortgage recording tax in Otsego county

This bill extends Otsego County's existing authority to impose an additional tax on mortgage recordings (a fee paid when property deeds are filed) until December 31, 2027. It directly affects property buyers and sellers in Otsego County, as transactions involving mortgages will continue to incur this extra fee. The key provision modifies the expiration date of the current tax authority from 2025 to 2027, ensuring the tax remains in place for two additional years without changing the tax rate or scope. The bill does not create a new tax but prolongs the existing one.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Otsego County's mortgage recording tax authority, maintaining existing revenue stream without rate changes or new funding provisions.90% confidence

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in committee · New York · Assembly Apr 3, 2025

A 2345: Creates a wage tax credit for employers who employ New York national guard members, reservists, volunteer firefighters and EMS personnel

This bill creates a $1,500 wage tax credit for New York employers who hire National Guard members, reservists, volunteer firefighters, or volunteer EMS personnel. Employers qualify if these employees have worked for them at least six months. The credit applies to taxable years beginning January 1, 2027, directly reducing state tax liability for qualifying businesses. It specifically targets employers in these public service sectors to offset costs of retaining these workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a $1,500 tax credit for employers hiring public safety workers, reducing state tax liability and supporting retention of essential personnel through fiscal relief.95% confidence ✓ VeteransSupports VeteransTargets reservists and national guard (veteran-adjacent groups) with $1,500 wage tax credit to support veteran employment retention in public service roles.95% confidence

Sub-Topics Tax Credits National Guard & Reserve

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in committee · New York · Assembly Jan 7, 2026

A 1663: Amends certain definitions relating to tobacco products and changes the minimum pack sizes for tobacco products and the tax amount for tobacco products

This bill updates definitions of tobacco products in New York State law, clarifying terms like "cigarette," "single-unit tobacco products" (e.g., pouches or lozenges), and "moist snuff." It sets a minimum pack size of 20 cigarettes and 0.65 ounces of loose tobacco for sale. The bill also establishes new tax rates: $3.63 per ounce for moist snuff, the same tax as cigarettes for single-unit products, and a tax on loose tobacco calculated based on the cigarette pack tax per 0.65 ounces. These changes directly affect tobacco manufacturers, retailers, and consumers by standardizing product definitions, packaging requirements, and tax structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new tax rates for tobacco products, directly modifying state taxation policy and fiscal management.90% confidence

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in committee · New York · Senate Jan 7, 2026

S 3696: Relates to the establishment of the New York state promise program; appropriation

S 3696 establishes the New York State Promise Program, providing tuition waivers for eligible students enrolled in New York community colleges. To qualify, students must be New York residents for at least one year, have completed high school or earned a GED in New York within six months of enrollment, maintain a 2.5 GPA, file the FAFSA, and not exceed 90 college credits. The waiver covers tuition costs (after deducting $50 and other aid) up to the actual tuition or $1,000, whichever is greater, but not exceeding average community college tuition. The state appropriates $450 million for the program, with annual grant spending capped at $10 million. The program requires annual reports on student completion rates, financial impacts, and program effectiveness.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds tuition waivers via state appropriation, increasing public education spending as a core budget allocation per bill's 'appropriation' language.95% confidence ✓ EducationSupports EducationEstablishes tuition waivers for NY community college students, expanding access and reducing costs, directly advancing higher education funding and access through state appropriation.95% confidence

Sub-Topics Higher Education K-12 Education Student Financial Aid

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in committee · New York · Senate Jan 7, 2026

S 3381: Relates to investment of moneys in the state fish and game trust account

This bill creates a dedicated "state fish and game trust account" within the conservation fund to hold money from lifetime hunting, fishing, and trapping license sales (excluding funds going to a separate habitat account). It directs the state comptroller to invest these funds in safe financial products to maximize income while following existing investment rules. The interest earned from these investments stays in the trust account for its intended purposes, such as wildlife conservation and access programs. The bill does not change how license fees are collected or their primary uses, only clarifying the investment process for this specific fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated trust account for license revenue, directs safe investments to maximize income for wildlife conservation, promoting fiscal responsibility in fund management95% confidence ✓ EnvironmentSupports EnvironmentBill creates dedicated trust account for wildlife conservation funding from license sales, directing interest to conservation purposes per summary.95% confidence

Sub-Topics Audits & Accountability Conservation Wildlife

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in committee · New York · Senate Jan 7, 2026

S 2238: Relates to tax credits for residents of certain cities

This bill modifies tax credits for residents of cities with over one million people. It adjusts the existing school tax credit by reducing it $20 for every $1,000 of income over $75,000 (single/head of household) or $150,000 (married filing jointly), but never below zero. It also creates a new $300 per child tax credit for qualifying children under 18, phased out by $10 for every $1,000 over $160,000 (head of household) or $320,000 (married filing jointly), with credits prorated for partial-year residency. The credit requires providing a child's Social Security number and applies only to residents of large cities.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credits to provide relief for lower/middle income residents (phasing out above income thresholds) and adds new child credit, targeting higher earners. Supports progressive tax policy.95% confidence

Sub-Topics Tax Credits

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failed · New York · Senate May 6, 2026

S 5250: Enacts the energy assessment cap and consumer cost relief act

Enacts the "energy assessment cap and consumer cost relief act" to limit certain surcharge increases; directs studies on costs associated with environmental and energy laws; directs a study on the value of assets and utility gas infrastructure discontinued as a result of laws and regulatory actions; institutes a moratorium on related surcharges, taxes, fees and cost bearing regulations for five years.

Topics ✗ Budget & TaxesOpposes Budget & TaxesMoratorium on taxes/fees and surcharges directly restricts new tax burdens, aligning with 'oppose' indicators by limiting government revenue sources.90% confidence

Sub-Topics Fees & Licensing

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in committee · New York · Senate Jan 7, 2026

S 4843: Authorizes payment of additional state aid for certain state-leased or state-owned lands

This bill authorizes annual state payments to cities in counties containing the W. Averell Harriman State Office Building Campus (specifically lots 53.00-1-2 and 53.00-1-9). It directs the state to pay cities 1.75% of the 2009 assessed value of these properties ($663,950,900 and $10,419,600) each year. Payments begin June 1, 2025, and continue for ten years, with the assessed values remaining fixed during this period unless the state sells part of the property. If a sale occurs, the payment amount adjusts based on the new assessed value after deducting the sale price. The funds must be used for city purposes only.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes annual state payments ($663M+ total) to cities for property use, creating a new budgetary appropriation that directly funds local governments through state budget outlays.92% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 986: Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment

This bill creates a tax exemption for sales and installation of geothermal heat pump systems in both residential and commercial buildings. It exempts from sales tax the equipment and installation services for systems that use ground or groundwater for heating, cooling, and hot water - excluding recreational facilities. The exemption applies to residential systems (defined in new paragraph 47) and commercial systems (defined in new subdivision mm) under New York's tax law. Local governments may choose whether to apply these exemptions, as the bill modifies existing tax code provisions to include them.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax exemption for geothermal systems, providing tax relief which aligns with supporting tax policy through fiscal incentives.95% confidence ✓ EnergySupports EnergyExempts sales tax for geothermal systems, promoting renewable energy adoption and reducing fossil fuel dependence through clean heating/cooling infrastructure.95% confidence

Sub-Topics Sales Tax Tax Incentives

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failed · New York · Assembly Jan 7, 2026

A 952: Provides tax credits equal to the cost of the issuance of fishing and hunting licenses to volunteer firefighters and ambulance workers

Bill A 952 provides a New York State tax credit to volunteer firefighters and ambulance workers. This tax credit is equal to the cost of a fishing license and a small and big game hunting license. The bill amends existing environmental conservation law to include this new provision, directly affecting these volunteers by reducing the cost of these specific licenses through a tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credit reducing tax burden for volunteer firefighters/ambulance workers, directly offering tax relief per fiscal responsibility indicators.95% confidence

Sub-Topics Tax Credits

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