Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 3504: Provides real property tax relief to certain veterans

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax relief to veterans, reducing their tax burden, aligning with tax relief policies that support fiscal responsibility for specific groups.95% confidence ✓ VeteransSupports VeteransProvides tax relief to veterans with 10+ years service, expanding financial benefits for veterans as per topic description.95% confidence

Sub-Topics Property Tax Veteran Education Veteran Housing

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signed · New York · Assembly Oct 16, 2025

A 7341: Authorizes the city of Mount Vernon to impose a hotel and motel tax

This bill authorizes the city of Mount Vernon to impose a 5.875% tax on temporary stays in hotels, motels, vacation rentals (including Airbnb), and bed-and-breakfasts. It applies to guests staying less than 30 consecutive days, excluding permanent residents. The tax is collected by Mount Vernon’s fiscal officer and funds flow into the city’s general fund for local use. The bill explicitly excludes government entities, nonprofits, and certain charitable organizations from paying the tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes new local tax to fund city general fund, increasing government revenue for public services without targeting vulnerable groups.95% confidence

Sub-Topics State Budget

in committee · New York · Senate May 28, 2025

S 3874: Repeals subdivision (jj) of section 1115 of the tax law and subdivision 13 of section 1118 of the tax law relating to sales and compensating use taxes imposed with respect to vessels

This bill repeals two specific tax provisions related to vessels: subdivision (jj) of section 1115 and subdivision 13 of section 1118 of the tax law. These provisions, added in 2015, imposed sales and compensating use taxes on certain vessels. The repeal directly affects businesses or individuals subject to these taxes by removing the requirement to pay them. The change takes effect June 1, 2025, eliminating the existing tax rules without creating new obligations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals existing vessel tax provisions, reducing tax burden on affected entities without creating new obligations.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 1591: Increases the amount of geothermal energy systems tax credits

This bill increases tax credits for installing geothermal energy systems. It raises the maximum credit to $10,000 for systems placed in service on or after July 1, 2025 (up from $5,000 before June 2025). It also adds refundability for qualifying low-income taxpayers or those in disadvantaged communities, allowing excess credits to be refunded instead of carried forward starting in 2026. The policy directly affects homeowners and businesses installing geothermal systems, providing greater financial incentives for adoption.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits ($5k→$10k) and adds refundability for low-income/disadvantaged communities, providing direct tax relief per Budget & Taxes indicators.95% confidence ✓ EnergySupports EnergyIncreases tax credits for geothermal (renewable) systems, raises max credit to $10k, adds refundability for low-income/disadvantaged communities to promote adoption.95% confidence ✓ EnvironmentSupports EnvironmentIncreases tax credits for geothermal systems, promoting clean energy adoption and reducing fossil fuel reliance per bill summary.95% confidence

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in committee · New York · Senate Jan 7, 2026

S 4019: Exempts improvement to historic property from taxation if certified and agreed by appropriate agency

Encourages the preservation and viewing of historic properties by allowing an exemption from local real estate tax in cities of a million or more population, for improvements to historic real property and by requiring certain public access to such property; defines the term "historic real property" as a one, two or three family residence which is owner-occupied and designated by the appropriate agency as a historic landmark and such designation is maintained.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for historic property improvements, reducing local real estate tax liability for owner-occupied homes. Directly impacts taxation policy by offering tax relief.90% confidence ✓ HousingSupports HousingBill provides tax exemption for historic residential properties, protecting property rights within housing policy as defined in topic description.80% confidence

Sub-Topics Property Tax Tax Incentives Historic Preservation Homeownership Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 6968: Relates to the tax exempt status of not-for-profit corporations or members convicted of criminal facilitation

Removes the tax exempt status of not-for-profit corporations for convictions of criminal facilitation of the organization or its officers, members or employees.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves tax-exempt status for non-profits convicted of criminal facilitation, closing a loophole that could allow tax avoidance and promoting fiscal responsibility.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 6992: Relates to tax abatements for building owners in a city having a population of one million or more who complete exterior repairs

This bill, the "RESTORE Act," provides property tax abatements for building owners in cities with over one million residents (like New York City) who complete required facade repairs and remove associated scaffolding or sidewalk sheds within specific timeframes. Owners who finish repairs and remove scaffolding within three months receive a 50% tax break on eligible repair costs or property taxes, decreasing incrementally to 5% if completed within 12 months. Delays beyond 18 months trigger penalties, with fines up to 25% of annual property taxes. It directly affects building owners - including landlords, co-ops, and condo associations - by incentivizing timely repairs to meet NYC's facade safety requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatements (50% tax break) to building owners for facade repairs, directly offering tax relief under state tax policy.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1978: Prohibits the use of state funds for non-residents seeking an abortion or related procedures

Prohibits the use of state funds for non-residents seeking an abortion or any other procedure that results in the intentional termination of a pregnancy at any stage of gestation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly prohibits state funding for abortion procedures, defunding a specific service and restricting government spending allocation.95% confidence ✗ HealthcareOpposes HealthcareDefunds abortion services for non-residents, restricting healthcare access and funding for a specific procedure.95% confidence ✗ ImmigrationOpposes ImmigrationThe bill prohibits state funds for 'non-residents' seeking abortion, which restricts access to a state service for a group that includes immigrants.80% confidence

Sub-Topics Women's Health

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in committee · New York · Senate Jan 7, 2026

S 4268: Creates a jobs development incentive income tax credit available to employers who employ individuals previously receiving unemployment

This bill creates a $2,400 tax credit for employers who hire individuals who previously received unemployment benefits in New York State. To qualify, an employee must have received unemployment benefits for at least two months, be hired for the first time by the employer, work at least 30 hours per week, and remain employed for 24 consecutive months. The credit is claimed after the 24-month employment period ends and can offset up to the employer's annual income tax liability, with unused portions carried forward for five years. It directly affects employers seeking to hire from the state's unemployment pool and unemployed individuals who meet the benefit and employment criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates employer tax credit ($2,400) to incentivize hiring unemployed individuals, reducing tax liability and promoting job creation through targeted fiscal policy.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncentivizes hiring unemployed individuals, reducing unemployment and supporting job creation through tax credits.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Unemployment

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in committee · New York · Assembly Jan 7, 2026

A 6811: Increases the amount of a tax credit for the purchase of automated external defibrillators

This bill increases the tax credit for purchasing automated external defibrillators (AEDs) from $500 to $1,000 per device. It directly affects taxpayers who buy AEDs for non-resale use, such as businesses, schools, or community organizations. The key change is doubling the credit amount per unit purchased, while maintaining limits that prevent the credit from reducing tax liability below a minimum threshold. The policy applies to taxable years beginning January 1, 2026, and updates multiple sections of the tax law to reflect the higher credit amount.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for AED purchases, providing direct tax relief to businesses/schools purchasing safety equipment, aligning with tax relief indicators.95% confidence ✓ HealthcareSupports HealthcareIncreases tax credit for AEDs, promoting public access to life-saving cardiac equipment in schools/businesses, advancing public health initiatives.90% confidence

Sub-Topics Procurement Tax Credits

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