Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 5850: Relates to the definition of income in relation to the enhanced STAR exemption

This bill updates New York's enhanced STAR property tax exemption program by including distributions from thrift savings plans (established before 1984) in the calculation of applicant income. It affects homeowners applying for the enhanced STAR credit, which provides property tax relief to seniors and disabled residents with low income. The key change expands the definition of "adjusted gross income" to exclude these specific retirement distributions from taxable income. Applicants who didn't file tax returns must now submit income statements showing what would have been reported, to complete their exemption applications.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for seniors/disabled by excluding retirement distributions from income calculation, increasing eligibility for STAR exemption.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7652: Relates to the real property tax circuit breaker credit

Increases the real property tax circuit breaker credit income limits to $100,000; removes real property tax rebates from real property taxes that qualify under such credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income limits for property tax circuit breaker credit, expanding tax relief for lower-income homeowners.90% confidence ✓ HousingSupports HousingIncreases property tax credit income limits, expanding financial relief for homeowners and supporting housing affordability through tax policy.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Senate Apr 29, 2025

S 7285: Relates to the applicability of the residential redevelopment inhibited property exemption

Bill S 7285 expands the existing residential redevelopment inhibited property exemption. It allows all cities, towns, and villages in the state to offer a property tax exemption for redeveloped neglected or abandoned residential properties. The bill broadens eligibility to include one-to-four unit residences, not just one-family homes, and permits occupancy by either an owner or a tenant as their primary residence. This exemption reduces the increase in property taxes linked to the added value from demolition, alteration, rehabilitation, or remediation of these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for redeveloped residential properties, reducing tax burden on owners/tenants. Aligns with tax relief for lower/middle income through expanded eligibility.95% confidence ✓ HousingSupports HousingExpands property tax exemption for redeveloping neglected residential properties, including multi-unit housing and tenant occupancy. Reduces tax burden to encourage development and increase affordable housing.95% confidence

Sub-Topics Property Tax Tax Incentives Community Development Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 93: Relates to excise taxes on cigars and premium cigars

Provides that the tax on cigars and premium cigars shall be at the rate of seventy-five percent of the wholesale price or fifty cents, whichever is less, and is intended to be imposed only once upon the sale of any cigars or premium cigars; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes excise tax on cigars to generate state revenue, directly supporting budget through tax collection without targeting lower-income groups.90% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate May 27, 2025

S 5747: Extends the authority of the county of Ulster to impose an additional 1 percent sales and compensating use tax

This bill extends Ulster County's authority to impose an additional 1% sales and use tax for two more years, from September 2022 through November 2027. It directly affects residents and businesses in Ulster County who pay sales tax, as it maintains the existing 1% surcharge on top of the standard 3% rate. The bill modifies tax law to clarify that collections from this additional tax during the extended period will be handled under Ulster County's existing agreement with the city of Kingston. The change is procedural and does not alter the tax rate or create new revenue mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Ulster County's existing 1% sales tax authority, maintaining current tax rates for county revenue without increasing rates or altering structure.95% confidence

Sub-Topics Fees & Licensing Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 6716: Relates to the distribution of fire insurance premium taxes

Relates to the distribution of fire insurance premium taxes; provides that a percentage of fire insurance premium taxes be paid to the treasurer of the NYS Professional Firefighters Association to promote, support and maintain the well-being of paid professional firefighters employed in the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects existing fire insurance tax revenue to fund firefighter well-being programs, aligning with funding essential public services under budget/tax management.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 6774: Relates to the child and dependent care credit

This New York bill increases the state's child and dependent care credit by raising the percentage of the federal credit that New York refunds to qualifying families. It modifies the calculation to provide higher credit amounts for lower-income households, including a 110% credit for incomes under $50,000 starting in 2025. The bill also includes a "reversion event" clause that would reset credit formulas if federal changes significantly reduce state funding for childcare assistance. The policy directly affects New York taxpayers who claim the child and dependent care credit for childcare costs related to work or education.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for low-income households (110% for under $50k), providing direct tax relief and modifying calculations to prioritize lower-income families.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases childcare credit for low-income households, reducing a key barrier to workforce participation and supporting employment standards.85% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly May 11, 2026

A 3085: Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; and repeals certain provisions of the tax law relating thereto

Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; repeals provisions relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals tax exemption for aircraft, increasing tax revenue by closing a loophole per bill's tax imposition language.95% confidence

Sub-Topics Sales Tax

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passed · New York · Senate Apr 22, 2026

S 985: Exempts the purchase of certain oral hygiene products from the payment of sales tax

This bill exempts toothpaste, toothbrushes, and dental floss from state sales tax when purchased by consumers. It directly affects individuals buying these oral hygiene products, removing the sales tax obligation on these specific items. The policy change adds these products to the existing list of tax-exempt goods under the state tax law, effective 90 days after enactment. The bill does not alter tax rates for other products or create new government programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts essential hygiene products from sales tax, providing direct tax relief to consumers and aligning with middle-income tax relief indicators.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 3186: Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year

Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents reduction in STAR tax savings, protecting property tax relief for eligible homeowners (middle-income seniors/low-income residents).95% confidence

Sub-Topics Property Tax

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