Budget & Taxes

passed · New York · Senate Mar 19, 2026

S 3204: Creates the offense of defrauding the government in the first degree and expands the definition of conspiracy in the fourth degree; relates to expanding the definition of tax fraud acts

Creates the offense of defrauding the government in the first degree; expands the definition of conspiracy in the fourth degree; relates to expanding the definition of tax fraud acts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill targets tax fraud via criminal penalties, strengthening enforcement to protect government revenue and fiscal integrity.95% confidence

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in committee · New York · Senate Jan 7, 2026

S 7907: Relates to the imposition of sales tax on the sale of race horses made through claiming races

This bill changes the sales tax rules for race horses sold in claiming races. It requires sellers to pay sales tax on the full purchase price each time a horse is sold, rather than just the amount exceeding previous purchase prices in the same year. Race tracks must keep detailed records of these sales for tax purposes. The law applies to all claiming race horse transactions within the state starting 90 days after enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires full sales tax on claiming race horse sales, closing a tax loophole to increase revenue collection under fiscal management.90% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 5808: Establishes a tax credit for rent paid on the personal residence of certain taxpayers

Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year whose income is less than fifty percent of the area median income.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for low-income renters (under 50% AMI) paying >30% of income in rent, aligning with tax relief for lower income.95% confidence ✓ HousingSupports HousingTax credit targets low-income renters (under 50% AMI) paying >30% of income in rent, directly reducing housing cost burden and supporting affordability.85% confidence

Sub-Topics Tax Credits Affordable Housing Landlords Renters

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in committee · New York · Assembly Jan 7, 2026

A 4651: Allows for the taxation of state property in the city of Ogdensburg

Allows for the taxation of state property located in the city of Ogdensburg, except the lands controlled and operated on by the Ogdensburg Bridge & Port Authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly enables taxation of state property, generating additional municipal revenue for budgetary purposes without restricting existing tax structures.95% confidence

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in committee · New York · Assembly Jan 7, 2026

A 5060: Provides for a partial real property tax exemption for the water filtration plant for the City of Newburgh, Orange County, New York

This bill provides a partial tax exemption for the City of Newburgh's water filtration plant in Orange County, specifically covering the increased property taxes caused by the construction of a granular activated carbon (GAC) treatment system. The exemption applies to taxes owed to the town of New Windsor, the Newburgh Enlarged City School District, and the Cornwall Central School District, offsetting the $250,000+ tax increase after the GAC system was built to remove PFAS contaminants from the water supply. To qualify, the city must withdraw ongoing tax court cases related to the reassessment. The exemption covers only the tax rise directly tied to the GAC system, not the plant's base value.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for public infrastructure, reducing municipal tax burden for essential water treatment project, aligning with fiscal responsibility and public service funding.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemption for PFAS-removing GAC water filtration plant, directly addressing pollution control and environmental protection of water resources.90% confidence ✓ HealthcareSupports HealthcareBill enables PFAS removal via water filtration plant, directly supporting public health program by addressing contaminant risks in drinking water.85% confidence

Sub-Topics Property Tax Tax Incentives Drinking Water

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in committee · New York · Assembly Jan 7, 2026

A 6910: Exempts a portion of poll workers' income earned on an election day from state income tax

Exempts a portion of poll workers' income earned on an election day from state income tax; requires the board of elections, in conjunction with the department of taxation and finance, to conduct a public awareness campaign to inform poll workers of such tax exemption; requires the department of taxation and finance to issue guidelines on how poll worker income should be reported on tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts poll workers' election day income from state tax, providing tax relief for lower-income workers as a direct fiscal benefit.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts poll workers' election day income from tax, increasing net earnings and directly supporting workers' financial compensation for specific labor.95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3411: Provides a tax credit for the installation of certain fire sprinkler systems

This bill creates a 25% tax credit for homeowners who install fire sprinkler systems in their residences. It directly affects residential property owners in municipalities that do not already require sprinkler systems. The credit covers 25% of labor and material costs, with a maximum annual credit of $5,000. The credit can be carried forward if it exceeds current tax liability but cannot reduce tax below the minimum amount required. The program begins for taxable years starting January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing homeowner tax liability, a form of tax relief directly affecting state tax policy.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 1352: Authorizes the creation of state debt in creating the save public housing bond act of 2025 and provides for submission to the people of such proposal

Authorizes the creation of state debt in the amount of 20 billion dollars in relation to enacting the save public housing bond act of 2025; provides for submission to the people of such proposal.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes $20B state debt to fund public housing (a public service), aligning with fiscal support for essential programs per topic indicators.90% confidence ✓ HousingSupports HousingAuthorizes $20B state debt for public housing bond act, directly funding preservation and development of affordable housing units per bill title and summary.95% confidence

Sub-Topics Debt & Bonds Housing Finance

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in committee · New York · Senate Jan 7, 2026

S 1547: Relates to production credit for production of biomethane

This bill creates a tax credit for New York producers of biomethane, a renewable fuel made from organic waste (like landfill gas or agricultural manure) processed in anaerobic digesters. It provides a credit of 15 cents per gallon for the first 40,000 gallons of biomethane produced annually per facility, increasing to 25 cents per gallon beyond that threshold. The credit is capped at $2.5 million per facility per year for up to four consecutive years, applying to taxable years beginning before 2020. This directly benefits New York-based biomethane producers by reducing their state tax liability for qualifying production.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for biomethane producers, reducing taxable liability for eligible facilities, aligning with tax relief indicators.95% confidence ✓ EnergySupports EnergyCreates tax credit for biomethane (renewable fuel) production, directly funding renewable energy development through financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes biomethane production from organic waste, a renewable fuel that reduces methane emissions and promotes clean energy, aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationBill incentivizes biomethane production - a renewable transportation fuel - aligning with sustainable transportation promotion indicators.90% confidence

Sub-Topics Tax Credits Waste Management

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in committee · New York · Senate Jan 7, 2026

S 4226: Relates to taxes on gross receipts from ticket sales, broadcasting rights and digital streaming over the internet of combative sport events

This bill imposes new taxes on revenue from combative sports events held in New York. It requires organizers to pay a 3% tax on ticket sales and 3% on broadcasting/digital streaming revenue for boxing, wrestling, and sparring events (capped at $50,000 per event). For other combative sports (like MMA), it imposes a 5% tax on both ticket sales and broadcasting/streaming revenue, also capped at $50,000 per event. The tax applies immediately to revenue generated on or after the effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new taxes on combative sports revenue (3-5% on ticket/broadcasting sales), generating additional state tax income and strengthening budget revenue streams.90% confidence

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