Bill A 8035 authorizes additional building aid for school districts to help cover specific infrastructure costs associated with zero-emission school buses. This aid addresses "incremental zero-emission school bus storage costs," which include modifications to bus facilities, specialized equipment, and advanced fire suppression systems. It also covers "incremental customer-owned make-ready costs" for infrastructure needed to install electric vehicle chargers. The aid applies to approved expenditures incurred through the 2034-2035 school year, provided these costs are not reimbursed by other state, federal, or utility funding sources. This measure aims to assist school districts with the necessary infrastructure investments for transitioning to zero-emission school bus fleets.
Adjusts the school tax relief (STAR) exemption for homes located outside a city with a population greater than one million for the 2025--2026 school years and thereafter (Part A); relates to a real property tax freeze to reimburse qualifying homeowners for increases in local property taxes on their primary residences (Part B); provides for supplemental state assistance to be paid to cities, counties, towns and villages that are compliant with the property tax levy limits (Part C).
This bill sets a zero percent franchise tax rate for qualified pass-through manufacturers in New York, eliminating their business tax liability. It defines these manufacturers as businesses primarily engaged in manufacturing (using "business receipts" instead of "gross receipts" to determine eligibility) that are not participating in the START-UP NY program. The bill also disallows investment tax credits for property used by such manufacturers, with the disallowance phased in from 40% in 2027 to 100% by 2029. These changes apply to tax years beginning on or after January 1, 2027.
Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions; applies to any local law, resolution or ordinance amended or adopted on and after the effective date of this act.
Addresses the financial, health care, educational, and workforce needs of disabled veterans and their families by providing tax relief, expanding health care access, enhancing education benefits, and improving workforce protections.
Requires municipalities to submit a multi-year financial plan to the comptroller which shall identify actions necessary to achieve and maintain long-term fiscal stability.
S 2429 creates a New York state tax credit for employers who hire residents from targeted groups (like veterans, ex-offenders, or long-term unemployed individuals) as defined by federal law. Employers can claim up to $500 per eligible employee annually, with a total lifetime cap of $90 million and an annual limit of $30 million. The credit reduces state tax liability but cannot lower tax below minimum thresholds, and any unused credit is treated as an overpayment. The program applies to wages paid starting January 1, 2026, and expires December 31, 2028. It directly affects New York employers hiring from specified target populations.
Excludes certain tuition payments by school districts for general education and special students residing in such school districts from the calculation of the tax levy limit.
Creates a tax credit for small businesses that sell a certain percentage of products produced in New York state; provides such small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels.
This bill authorizes Rockland County to add two separate sales and use tax rates through 2027. It allows a 0.625% (five-eighths of one percent) tax from March 2022 to November 2027, and an additional 0.375% (three-eighths of one percent) tax starting March 2027. The revenue from these taxes must be distributed to towns and villages: 20% based on population during the first period, and 16.67% to 33.33% based on police department staffing during the second period. The funds cannot be used for salaries of police officers or other existing wage agreements.
