Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 4232: Relates to funds allocated to the independent authorities budget office

Provides that funds recovered from public authorities for the provision of governmental services and allocated to the independent authorities budget office shall only be used for direct expenses of the authorities budget office and may not be used for fringe benefits and indirect costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestricts fund usage to direct expenses only, promoting fiscal responsibility in budget management per bill summary.90% confidence

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in committee · New York · Assembly Jan 29, 2026

A 3204: Enacts the "emergency school relief act of 2026"

Enacts the "emergency school relief act"; makes changes in the percentages for disposition of revenue from lottery prize account to increase the percentage directed to state aid for education funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases education funding by reallocating lottery revenue percentages to state aid, advancing public service budget priorities.95% confidence ✓ EducationSupports EducationIncreases lottery revenue allocation to education funding, directly advancing state aid for schools per bill's summary.95% confidence

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in committee · New York · Assembly Jan 7, 2026

A 3205: Authorizes a personal income tax deduction for home heating expenses

Authorizes a personal income tax deduction for expenses paid during the taxable year by a qualified taxpayer attributable to the cost of residential heating, including, but not limited to amounts paid for fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene and any other fuel used to heat such taxpayer's primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for home heating expenses, reducing taxable income for qualifying residents, aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Jun 16, 2025

A 8080: Extends the one percent increased county sales tax for Putnam county

Extends the one percent increased county sales tax for Putnam county for two years; requires one-ninth of such one percent increase in sales tax be allocated to towns and villages in such county.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends county sales tax increase to secure ongoing revenue and allocates funds to local services, aligning with fiscal responsibility and public funding priorities.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 8750: Relates to lease terms for zero-emission school buses

This bill extends the maximum lease term for zero-emission school buses from five to twelve years, requiring voter approval for leases longer than one school year. It directly affects school districts and boards operating school bus fleets by allowing longer-term financing for these vehicles, which typically have higher upfront costs. The bill also adjusts how lease costs are calculated for state aid purposes, setting an eight-year assumed amortization period specifically for zero-emission buses (instead of the standard five years). These changes aim to support school districts transitioning to cleaner transportation while maintaining financial oversight through voter approval for extended leases.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts state aid calculations for school bus leases, enabling longer-term financing and supporting public transportation funding through fiscal management.85% confidence ✓ EducationSupports EducationExtends lease terms for zero-emission school buses, easing financial barriers for school districts to adopt cleaner transportation infrastructure, directly supporting school operational needs.90% confidence ✓ EnergySupports EnergyExtends lease terms for zero-emission school buses, facilitating adoption of renewable energy vehicles and reducing fossil fuel dependence in transportation infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentExtends lease terms for zero-emission buses, reducing emissions and promoting clean energy adoption by addressing high upfront costs through financing adjustments.95% confidence ✓ TransportationSupports TransportationExtends lease terms for zero-emission school buses, enabling sustainable transit infrastructure adoption and adjusting state aid for clean vehicle financing.90% confidence

Sub-Topics School Transportation Public Transit

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in committee · New York · Senate Jan 7, 2026

S 5647: Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses, reducing tax burden to fund facility improvements for public health, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · New York · Senate Jan 21, 2026

S 366: Authorizes an occupancy tax in the town of Plattsburgh

This bill authorizes the town of Plattsburgh to impose a 5% occupancy tax on hotel and motel room rentals for short-term stays. It applies to rooms rented daily or longer in hotels, motels, or similar accommodations, but exempts permanent residents (staying 30+ consecutive days), government entities, and qualifying nonprofit organizations. The tax revenue would go into Plattsburgh’s general fund for any public use, with collection handled by the town’s fiscal officer. The bill does not require the tax to be implemented - it only permits the town to adopt it via local law.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes 5% occupancy tax for town's general fund, directly funding public uses through new local revenue source.90% confidence

Sub-Topics Revenue

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in committee · New York · Senate May 27, 2025

S 2571: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater

Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption for retirees (age 59.5+), providing direct tax relief by raising exemption limits from $20k to $40k over time.95% confidence

Sub-Topics Pensions Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4095: Creates the empire state music production tax credit

S 4095 creates a tax credit for music production companies in New York State, allowing eligible businesses to deduct 25% of qualified production costs from their state taxes. To qualify, music must be primarily produced and recorded in New York with costs exceeding $25,000 per project, and companies with annual costs over $100,000 (employing at least 10 New York residents) may claim credits collectively. Eligible costs include studio rentals, equipment, musician fees, and production-related travel, but exclude royalties, live concerts, marketing, and distribution. The credit is capped at $25 million annually, allocated by the Empire State Development Corporation based on application date, with no single company receiving more than 10% of the total.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit allowing businesses to deduct 25% of production costs, providing direct tax relief to incentivize industry growth within state budget framework.90% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6366: Establishes the dedicated highway and bridge trust fund reform act

Establishes the dedicated highway and bridge trust fund reform act; ensures that money deposited into the dedicated highway and bridge trust fund is spent on construction purposes and not DOT and DMV operational activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures highway trust fund money is spent on construction, not operations, promoting fiscal responsibility in fund allocation.90% confidence ✓ TransportationSupports TransportationBill mandates highway/bridge trust funds be used for construction (not operations), directly advancing transportation infrastructure funding.95% confidence

Sub-Topics Bridges Roads & Highways Transportation Funding

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