Budget & Taxes

in committee · New York · Senate Jan 8, 2025

S 220: Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive

Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes recoupment of tax abatements for non-compliance, promoting fiscal accountability in incentive programs.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · New York · Assembly Jan 7, 2026

A 5680: Relates to assessment and taxation of lessees and users of certain tax exempt property

Subjects to taxation the possessory interest of a private individual or corporation which uses real property owned by the United States or the state, except for real property owned by public authorities, for business purposes; excludes private property where the use is for a concession available to the general public located on property, such as parks, available for the use of the general public.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax base by taxing business use of previously exempt property, closing loopholes to increase state revenue for fiscal management.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 5232: Relates to implementing automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens

Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via automatic enrollment in tax abatement program for rent-controlled properties, targeting lower-income renters.90% confidence ✓ HousingSupports HousingAutomatically enrolls senior renters in tax abatement program, maintaining rent-controlled affordability and protecting vulnerable tenants through property tax incentives.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 7133: Establishes the state financial literacy fund

Establishes the state financial literacy fund which provides funding for project grants to organizations in order to establish financial capability and financial literacy programs, products content and/or services for at-risk populations in New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes state fund for financial literacy grants, increasing public service funding allocation for at-risk populations.95% confidence ✓ EducationSupports EducationFunds financial literacy programs for at-risk populations through state grants, enhancing educational access and financial capability as part of student support initiatives.90% confidence

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in committee · New York · Senate Jan 7, 2026

S 5866: Establishes authority for early childcare savings accounts

Establishes authority for early childcare savings accounts to provide tax benefits for savings for qualified childcare services; provides for the functions and powers of the comptroller; provides for the program requirements and limitations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax benefits for childcare savings, offering tax relief to families, aligning with support indicators for fiscal policy.95% confidence

Sub-Topics Audits & Accountability

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in committee · New York · Senate Jan 7, 2026

S 3672: Provides a $500,000 supplemental valuation impact grant to the West Valley central school district during the 2024-2025 school year

This bill provides West Valley Central School District with a $500,000 supplemental grant for the 2024-2025 school year. The grant is specifically intended to assist districts where more than 83% of real property is classified as tax-exempt, addressing financial challenges from reduced taxable property valuation. The funding is paid directly to the district per established schedules in education law, bypassing standard payment restrictions. It targets districts facing significant financial hardship due to high tax-exempt property rates, not general school funding. The bill focuses on direct fiscal support for this specific district during the specified school year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct state funding to address school district financial strain from high tax-exempt property valuation, increasing public education budget allocation.90% confidence ✓ EducationSupports EducationProvides $500,000 supplemental grant to address school district financial challenges from low taxable property, directly funding operations per education law.95% confidence

Sub-Topics School Funding

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in committee · New York · Senate Jan 7, 2026

S 117: Establishes and funds the close the waitlist fund

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill uses tax surcharge to fund senior services, directly advancing public service funding through new fiscal mechanism.95% confidence

Sub-Topics Fees & Licensing

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passed · New York · Assembly Jun 17, 2025

E 820: Establishes a plan setting forth an itemized list of grantees for a certain appropriation for the 2025-26 state fiscal year for grants in aid for certain services and expenses

This bill (Assembly Resolution E820) is a procedural resolution that specifies the exact organizations and funding amounts for state grants in the 2025-26 fiscal year. It directly affects health centers, human services organizations, nonprofits, municipalities, and other eligible entities listed in the resolution (e.g., APICHA COMMUNITY HEALTH CENTER, $25,000; UNITED HOSPICE, $95,000). The key mechanism is requiring a detailed, itemized list of grantees with allocated funds to be approved by the Assembly Speaker and budget director before being included in a spending resolution. The resolution does not create new programs but formalizes existing funding allocations for services like healthcare, mental health, and community support.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates specific state funds ($25k-$95k) to health centers and nonprofits via itemized grants for 2025-26 fiscal year, directly funding essential public services.95% confidence ✓ HealthcareSupports HealthcareAllocates state funds to healthcare entities (e.g., APICHA COMMUNITY HEALTH CENTER, UNITED HOSPICE) for services, directly advancing healthcare access through targeted grants.95% confidence

Sub-Topics Primary Care

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in committee · New York · Assembly Feb 27, 2026

A 8605: Authorizes the commissioner of taxation and finance to establish segment special equalization rates for certain school districts

Authorizes the commissioner of taxation and finance to establish segment special equalization rates starting in fiscal year 2026 for the Amityville Union Free School District and Farmingdale Union Free School District for the segments of the districts in the towns of Babylon and Oyster Bay.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax equalization rates for school districts, ensuring fairer property tax burden distribution and promoting equitable fiscal management within state taxation framework.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 1048: Provides for an increased personal income tax deduction for medical expenses incurred by a New York taxpayer

Provides for an increased personal income tax deduction for medical expenses incurred by a New York taxpayer to include medical insurance premiums and long term care premiums.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax deductions for medical expenses, providing direct tax relief for New York taxpayers, aligning with tax relief indicators for middle/lower income.95% confidence ✓ HealthcareSupports HealthcareIncreases tax deduction for medical expenses including insurance premiums, reducing out-of-pocket costs and improving healthcare affordability access.95% confidence

Sub-Topics Income Tax

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