Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 2350: Relates to enhanced aid and incentives for municipalities

Relates to enhanced aid and incentives for municipalities; provides that enhanced aid and incentives for municipalities will be apportioned to eligible municipalities by the director of the budget on a per-capita basis, based on population.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates enhanced per-capita state aid to municipalities, increasing funding for local government budgets and services.95% confidence

Sub-Topics Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 6395: Imposes an excise tax on the sale of ammunition to be deposited into the gun violence impact fund; establishing the gun violence impact fund

Imposes an excise tax on the sale of ammunition to be deposited into the gun violence impact fund; establishes the gun violence impact fund; authorizes the director of the office of victim services to administer grants from the gun violence impact fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on ammunition sales to fund gun violence impact program, creating new revenue stream for specific initiative95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill creates gun violence impact fund via ammunition tax, directly funding prevention programs to address gun violence - a key criminal justice reform priority.95% confidence

Sub-Topics Sales Tax Firearms

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in committee · New York · Assembly Jan 7, 2026

A 5661: Relates to calculation of the earned income credit

This bill (A 5661) changes New York State's earned income credit (EIC) calculation for tax years starting in 2026, setting the applicable credit percentage at 45% for qualifying low-income taxpayers. It directly affects New York residents who claim the EIC, increasing their state credit amount. The bill includes a safeguard: if federal actions materially reduce New York's ability to use Temporary Assistance for Needy Families (TANF) block grant funds for the EIC, the credit percentage would drop to 20% for affected years. The change applies to tax years beginning January 1, 2026, and requires state officials to certify any triggering federal event.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EIC credit percentage to 45% for low-income taxpayers, providing direct tax relief and strengthening state fiscal support for working families.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases state EIC percentage for low-income workers, expanding financial support for employed individuals through tax credits.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jun 17, 2025

A 4842: Extends the authorization for Otsego county to impose additional rates of sales and compensating use taxes

This bill extends Otsego County's existing authority to impose an additional 1% sales and use tax, which currently runs through 2025. The extension allows the county to maintain this extra tax rate through November 2027, rather than ending in 2025. This directly affects Otsego County residents and businesses, as the tax applies to purchases within the county during the extended period.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Otsego County's existing 1% sales tax authority, maintaining revenue for local services without new tax burden or cuts.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 4425: Provides for the advance payment of the earned income tax credit

This New York state bill (S 4425) allows qualifying low-income workers to receive advance payments of their Earned Income Tax Credit (EITC) during the year instead of waiting for their annual tax refund. It lowers the age requirement for eligibility from 25 to 19 years old, removes the age 65 ineligibility rule, and increases the EITC credit percentage to 35% for most taxpayers starting in 2027 (with a 15.3% rate for those without children). The bill requires four prepayments: three during the tax year (20% each of the estimated credit) and one adjusted payment after tax filing, all delivered via direct deposit or EBT card. These changes apply to New York residents who meet federal EITC criteria but would otherwise face delays in receiving their credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC access and credit rates for low-income workers, providing direct tax relief and strengthening fiscal support for vulnerable populations.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 970: Imposes a tax related to executive compensation

Requires that certain companies pay an annual tax if the chief executive receives compensation 100 to 250 times greater than the median pay of all their employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new tax on excessive CEO pay (100-250x median employee pay), closing a compensation loophole to generate revenue, aligning with 'closing tax loopholes' indicator.95% confidence

Sub-Topics Business Taxes

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signed · New York · Senate Aug 7, 2025

S 6046: Extends the authorization of the county of Steuben to impose an additional one percent of sales and compensating use taxes

S 6046 extends Steuben County's authorization to collect an additional 1% sales and use tax until November 30, 2027. This tax applies to all purchases within Steuben County, directly affecting residents and businesses that pay the tax. The bill specifies that revenue from this tax must be distributed annually to the cities of Hornell and Corning, plus towns and villages across the county, based on each area's property value relative to the total. The extension ensures existing tax revenue-sharing agreements with local governments remain in place through the 2027 deadline.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Steuben County's existing 1% sales tax authorization, ensuring continued revenue distribution to local municipalities for public services and infrastructure funding.95% confidence

Sub-Topics Revenue Sales Tax

in committee · New York · Assembly Jun 17, 2025

A 4216: Excludes certain food donations from sales tax

This bill amends New York's tax law to exclude from sales tax certain food and drink purchases made by students through approved donation programs or "food points" at school-located restaurants or cafeterias. It directly affects schools (nursery through college) operating under specific exemptions or state authorization, and their meal programs. The key provision removes sales tax when students buy meals without paying cash at the time of service through these donation-based systems. This applies only to non-alcoholic food/drink sold on school premises and excludes alcohol sales. The policy change takes effect 90 days after enactment for qualifying sales.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes school food donations from sales tax, providing tax relief for students in meal programs (targeting lower-income families)95% confidence

Sub-Topics Procurement Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 3901: Relates to the distribution of surplus proceeds from a tax foreclosure sale

This bill establishes clear rules for distributing surplus funds from tax foreclosure sales. If a property sells for more than the unpaid taxes plus costs, the excess must first go to other creditors with liens (like mortgage holders), then to the former owner. Municipalities must notify former owners about potential surplus funds and how to claim them. The law applies to all tax foreclosure sales starting October 1, 2025, and does not cover abandoned properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by establishing clear rules for distributing surplus tax foreclosure funds and requiring municipal notification, aligning with topic indicators.85% confidence

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in committee · New York · Assembly Jan 7, 2026

A 5805: Establishes certain credits against income tax for nurses

Establishes a tax credit for full-time nurses and a tax credit for teaching nurses; provides that the amount of such credit shall be five hundred dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit for nurses, reducing taxable income - direct tax relief for healthcare workers aligns with supporting middle-income tax relief.95% confidence ✓ HealthcareSupports HealthcareTax credit for nurses incentivizes workforce participation, strengthening healthcare delivery and access through financial support for professionals.90% confidence

Sub-Topics Income Tax Tax Credits Healthcare Workforce

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