Budget & Taxes

signed · New York · Assembly Jul 29, 2025

A 6427: Extends the county of Westchester's additional one percent rate of sales and compensating use tax

This bill extends Westchester County's existing 1% additional sales and use tax, which is in addition to New York State's 4% rate, until November 30, 2027. It directly affects residents and businesses in Westchester County who pay sales tax on goods and services. The extension modifies existing tax law to update the expiration date from 2025 to 2027, maintaining the current tax structure without changing the rate or revenue allocation mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends existing county sales tax rate, maintaining revenue for Westchester County budget without changes to rate or allocation, directly supporting fiscal management.95% confidence

Sub-Topics Sales Tax

in committee · New York · Assembly Jan 7, 2026

A 2298: Provides fishing and hunting tax credits for members of the United States armed forces in active service stationed within the state

Provides a personal income tax credit in the amount of any fishing and/or hunting fees paid by members of the United States armed forces in active service.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state tax revenue for military members, aligning with tax relief indicators for specific groups.90% confidence ✓ VeteransSupports VeteransProvides tax credit for active-duty military on recreation fees, directly reducing costs for veterans through financial benefit.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 406: Establishes a tax credit for the purchase and installation of a security camera system on residential- and commercial-owned properties

Establishes a $500 tax credit for the purchase and installation of a security camera system on residential- and commercial-owned properties in a city having a population of one million or more persons.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for security camera systems, directly offering tax relief and impacting tax policy as a fiscal incentive.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4332: Relates to redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Permits a redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities upon a permanent decrease in income.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors/disabled tenants with income decreases via tax abatement redetermination, aligning with lower-income tax relief indicators.95% confidence ✓ HousingSupports HousingPermits tax abatement redetermination for rent-regulated properties occupied by vulnerable tenants when income decreases, maintaining affordability and protecting tenant rights in existing housing.85% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Senate Apr 7, 2025

S 7239: Provides for emergency appropriation for the period April 1, 2025 through April 9, 2025

This bill provides temporary emergency funding for New York State government operations during the specific period of April 1-9, 2025. It directly affects state employees (including executive branch staff, judiciary personnel, and legislators) by covering payroll payments for services performed during that window, as well as prior payroll liabilities. Key provisions include $300 million for judiciary employee fringe benefits (like health insurance and retirement contributions) and funding for general state operations and non-personal service liabilities. The bill ensures uninterrupted payments for critical government functions until regular budget appropriations for the 2025 fiscal year are enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides emergency funding for state payroll and judiciary benefits, directly supporting budget operations during a critical period.95% confidence

Sub-Topics State Budget

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in committee · New York · Assembly Jan 7, 2026

A 1995: Provides an asbestos remediation tax credit

Provides an asbestos remediation tax credit in Erie county; allows for a fifty percent credit of all eligible costs which are incurred as a result of asbestos remediation, not to exceed $1,000,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for asbestos remediation costs, reducing tax liability for eligible expenses within Erie County.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3708: Directs a study on establishing a venture capital tax credit for investments to emerging diverse founding member businesses

Directs the comptroller and the commissioner of taxation and finance to undertake a study on the feasibility of establishing a venture capital tax credit for investments to emerging diverse founding member businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes study for venture capital tax credit, a tax relief measure for businesses, aligning with support indicators for tax policy.85% confidence

Sub-Topics Audits & Accountability Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4263: Increases the income eligibility threshold for the tuition assistance program

This bill increases the maximum family income level for qualifying for state tuition assistance to $150,000 annually. It directly affects students from families earning up to $150,000, expanding program eligibility to include more middle-income households. The law adjusts the income-based calculation method, applying specific percentage reductions to earnings above certain thresholds to determine aid amounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands state-funded tuition assistance program, increasing public spending on education for middle-income households.85% confidence ✓ EducationSupports EducationIncreases income eligibility threshold for tuition assistance, expanding access to higher education funding for middle-income families.95% confidence

Sub-Topics Higher Education Student Financial Aid

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in committee · New York · Assembly Jan 7, 2026

A 2392: Establishes a child care program capital improvement tax credit program

Establishes a child care program capital improvement tax credit program for child care programs to provide financial assistance to New York's child care providers to facilitate the enhancement, expansion, and improvement of access to quality child care.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit to fund child care provider improvements, aligning with funding essential services through tax incentives95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4454: Relates to establishing a first permanent payroll employee tax credit

Establishes a first permanent payroll employee tax credit which allows a business to receive a tax credit for the three years following the employment of such business' first permanent payroll employee where such credit equals a portion of the amount it costs to employ such permanent payroll employee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a tax credit for businesses, providing direct tax relief and reducing government tax revenue, aligning with tax policy support indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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