Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 4085: Relates to establishing and funding the universal basic income pilot program; appropriation

Relates to establishing and funding the universal basic income pilot program; requires the comptroller to establish a universal basic income pilot program to provide 10,000 participants with income of $7,200 for individuals or $14,400 for couples per year for two years; establishes participant criteria; requires a study on the program one year after its conclusion; makes an appropriation therefor.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly appropriates state funds to establish a universal basic income pilot program, directly funding a new government initiative under budget management.95% confidence

Sub-Topics Audits & Accountability

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failed · New York · Assembly Jan 7, 2026

A 295: Provides that state departments, offices, agencies, and authorities are prohibited from imposing any fees, surcharges, or taxes that have not been approved

Provides that state departments, offices, agencies, and authorities are prohibited from imposing any fees, surcharges, or taxes that have not been approved by the state legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates legislative approval for fees/taxes, promoting fiscal accountability and preventing unauthorized spending per Budget & Taxes topic indicators.90% confidence

Sub-Topics Fees & Licensing

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in committee · New York · Senate Jan 7, 2026

S 1674: Creates a tax credit for employers who help reduce higher education loans of their employees

This bill creates a tax credit for New York employers who pay down their employees' undergraduate student loan debt. Employers can claim a credit equal to the amount they pay toward an employee's federal, state, or institutional undergraduate loan debt (including interest), up to $10,000 per employee annually. The credit applies to loans related to undergraduate programs and covers both principal and interest payments. It directly affects employers who choose to assist employees with student debt and employees who receive this financial support.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers reducing student debt, providing tax relief per bill's explicit tax credit mechanism.95% confidence ✓ EducationSupports EducationBill reduces undergraduate student debt burden via employer tax credits, directly expanding higher education affordability and access for employees.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides employer tax credit for reducing employee student debt, enhancing financial stability and expanding non-wage worker benefits per Labor & Employment topic description.85% confidence

Sub-Topics Tax Credits Student Financial Aid

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in committee · New York · Senate Jan 7, 2026

S 4383: Provides a tax credit for qualified caregiving expenses

S 4383 creates a New York State tax credit for residents who pay for qualified caregiving expenses for eligible family members. It directly affects New York residents with a combined income under $150,000 (or $75,000 individually) who provide unpaid care to a family member needing assistance with daily living activities (like bathing or eating) and living in New York. The credit covers up to 50% of qualifying expenses - such as home health services, adult day care, or home modifications - capped at $3,500 annually per family. The credit is limited to $35 million total per year, allocated on a first-come, first-served basis, and expires after 2028.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for middle-income caregivers (under $150k income), directly reducing tax burden per NY State policy.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for home health services and caregiving expenses, directly improving access to healthcare support for vulnerable populations.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 1632: Provides a tax credit for certain durable medical equipment

Provides a tax credit for certain durable medical equipment equal to fifty percent of the cost to purchase and install durable medical equipment in a residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for medical equipment, offering tax relief aligning with support for middle/lower income tax relief policies.90% confidence ✓ HealthcareSupports HealthcareProvides tax credit for durable medical equipment, improving patient access to essential healthcare devices by reducing out-of-pocket costs.92% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 5, 2026

A 2130: Repeals the tax exempt status of private universities that receive real property tax exemptions of one hundred million dollars or more

Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals tax exemptions for universities with >$100M exemptions, closing a loophole to increase state revenue and promote fiscal responsibility.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 4057: Extends historic homeownership rehabilitation tax credit and requires additional reporting

S 4057 extends New York's historic homeownership rehabilitation tax credit window, allowing eligible homeowners to claim the credit for tax years beginning after 2025 (previously expiring in 2025). It maintains a $50,000 annual credit limit per home (reducing to $25,000 after 2025) for qualified rehabilitation costs of certified historic properties. The bill also adds new reporting requirements: the state tax commissioner must annually report credit claims and utilization data by location and project size to state officials and the public. These reports will include details like certified project counts, credit values, and housing unit changes before/after rehabilitation. The bill directly affects homeowners rehabilitating historic properties in New York who qualify for the tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for historic homeownership rehabilitation, providing tax relief and adding fiscal accountability through reporting requirements.90% confidence ✓ HousingSupports HousingExtends tax credit for historic property rehabilitation, incentivizing housing preservation and maintenance without restricting affordability or tenant protections.90% confidence

Sub-Topics Tax Credits Historic Preservation Homeownership

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in committee · New York · Senate Jan 7, 2026

S 6624: Provides tax credits equal to the cost of the issuance of fishing and hunting licenses to volunteer firefighters and ambulance workers

This bill (S 6624) provides a New York state tax credit equal to the cost of fishing and hunting licenses for volunteer firefighters and ambulance workers. Specifically, it covers the cost of "small and big game licenses" and fishing licenses for these volunteers, as defined by existing benefit laws. The tax credit directly affects eligible volunteer emergency service workers who pay for these licenses. It does not provide free licenses but reimburses the cost through a tax credit. The bill amends environmental conservation law to add this provision, effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credit relief for volunteer firefighters/ambulance workers, reducing their tax burden as targeted tax policy, aligning with tax relief support indicators.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 975: Establishes a supplemental household and dependent care credit payment

Establishes a supplemental household and dependent care credit payment for taxpayers who are eligible for certain household and dependent care services necessary for gainful employment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for dependent care, offering relief to working taxpayers - aligns with tax relief for middle/lower income.85% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4436: Provides an exemption for the sale of the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes

Provides an exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes; authorizes local governments to elect such incentives; repeals the hybrid exemption after ten years.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts first $35k of EV sales from state taxes, providing direct tax relief to buyers per support indicator for middle-income tax relief.95% confidence ✓ EnergySupports EnergyExempts EVs from taxes to boost adoption, reducing fossil fuel dependence and advancing renewable energy infrastructure transition.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for EVs promotes clean energy adoption and reduces emissions, directly advancing environmental protection goals.92% confidence ✓ TransportationSupports TransportationBill provides tax exemption for EVs to promote adoption, aligning with sustainable transportation incentives and reducing vehicle emissions.95% confidence

Sub-Topics Sales Tax Tax Incentives Electric Vehicles Energy Storage Electric Vehicles

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