Budget & Taxes

died · New York · Senate Feb 25, 2026

S 1529: Establishes a carbon farming tax credit for farmers

Establishes the carbon farming certification committee for the purpose of developing a certification framework, determining qualified carbon removal practices eligible for the carbon farming tax credit, and promulgating certification standards for qualified carbon removal practices; provides for the development of educational materials to encourage carbon farming by promoting farming practices which reduce, sequester and mitigate greenhouse gas emissions on land used in support of a farm operation; establishes carbon farming tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for carbon farming, providing direct tax relief to farmers, explicitly impacting state tax policy and revenue.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credit for carbon farming to increase sequestration, directly reducing emissions and advancing climate goals through agricultural practices.90% confidence

Sub-Topics Tax Credits Climate Change

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in committee · New York · Assembly May 18, 2026

A 6654: Relates to authorizing a reduction of taxes pursuant to shelter rent

Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax reduction on shelter rent projects in NYC, directly providing tax relief per topic indicators.95% confidence ✓ HousingSupports HousingTax reduction on shelter rent projects in NYC likely lowers costs for affordable housing developments, aligning with housing affordability goals.90% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 1030: Exempts certain books, magazines, pamphlets and other related items sold at certain book fairs from sales and compensating use taxes

Exempts books, magazines, pamphlets and other related items sold at a primary or secondary school facility or at a library at a book fair organized, hosted or sponsored by an organization established for educational purposes, including but not limited to a parent-teacher association, booster club, or a similar school-based association which supports school activities, or a friends of the library organization from sales and compensating use taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts educational materials from sales tax, providing tax relief for schools/libraries and supporting public education funding through reduced tax burden.90% confidence ✓ EducationSupports EducationExempts educational materials from sales tax at school events, reducing costs for schools and increasing access to learning resources without direct funding but enabling resource acquisition.85% confidence

Sub-Topics Sales Tax Libraries Teachers

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in committee · New York · Senate Jan 7, 2026

S 388: Amends the New York state college choice tuition savings program to have the program also apply to elementary and secondary schools

S 388 expands New York's existing College Choice Tuition Savings Program to include elementary and secondary schools, allowing families to save tax-advantaged funds for K-12 education costs. The bill amends tax law to permit a $5,000 annual tax exclusion (or $10,000 for joint filers) for contributions to accounts covering K-12 tuition, mirroring the current college savings tax treatment. It updates program definitions, tax provisions, and reporting requirements to explicitly cover public and private elementary/secondary schools. This change directly affects New York families using the program for K-12 education expenses, not just college. The policy takes effect for tax years beginning January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exclusion for K-12 education savings, providing tax relief similar to college programs, aligning with fiscal support for education expenses.90% confidence ✓ EducationSupports EducationExpands tax-advantaged savings for K-12 tuition, enhancing educational access and affordability through tax incentives.95% confidence

Sub-Topics K-12 Education School Choice

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in committee · New York · Assembly Jan 7, 2026

A 1436: Establishes catastrophe savings accounts

This bill creates tax-free "catastrophe savings accounts" for homeowners in the state to save for hurricane, flood, or windstorm-related expenses. Homeowners can deduct contributions from taxable income, earn tax-free interest, and withdraw funds tax-free if used for qualified disaster costs (like insurance deductibles or self-insured losses). Contribution limits are set based on the homeowner's deductible (capped at $15,000 or twice the deductible, or $250,000 for self-insured owners). The accounts are protected from garnishment and cannot be used for non-disaster expenses without tax penalties. It directly affects primary residence owners in hurricane- or flood-prone areas who carry insurance deductibles or self-insured risks.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deductions for contributions and tax-free growth/withdrawals, offering direct tax relief to homeowners for disaster expenses.90% confidence

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in committee · New York · Assembly Jun 4, 2025

A 7334: Extends the authority of Oneida county to impose additional rates of sales and compensating use taxes

Extends the authority of Oneida county to impose additional rates of sales and compensating use taxes and to allocate and distribute a portion of net collections from such additional rates.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly extends county's tax authority to impose higher sales/use taxes and allocate collections, strengthening local fiscal management and revenue generation.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jun 4, 2026

S 4527: Relates to the taxation of vapor products

Relates to the taxation of vapor products; provides for the licensing of vapor products distributors; imposes certain tax return filing requirements on vapor products distributors; provides for enforcement powers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new tax on vapor products, generating state revenue through licensing and filing requirements, directly advancing fiscal management.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 4620: Expands the tax exemption for new farm buildings

This bill expands tax exemptions for new farm buildings to include structures used for on-farm retail sales of agricultural products like produce, honey, or maple syrup. Previously excluded, these retail buildings (e.g., farm stands or on-site sales areas) now qualify for the same tax exemption as other farm structures used for production or storage. The change directly benefits farmers who sell directly to consumers from their properties, reducing their property tax burden for qualifying retail facilities. The exemption applies to buildings used exclusively for selling farm-grown commodities, not for general retail operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exemptions for farm retail buildings, reducing property tax burden for farmers selling directly to consumers, providing tax relief per fiscal policy indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1827: Relates to enacting the health care worker peer support program

This bill establishes a state-funded grant program to create peer support networks for health care workers, directly affecting hospitals, clinics, and other health care facilities that apply for funding. It appropriates $10 million to provide grants (capped at $250,000 per entity) to eligible organizations to develop peer-to-peer mental health programs focused on issues like PTSD and suicide prevention. The program requires standardized training for peer volunteers and administrative staffing, while prohibiting the collection of personal health data from workers seeking support. The law mandates that grant recipients follow state-established standards for program implementation and ensures privacy protections for participants.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates $10M for state-funded peer support grants to health care workers, directly increasing public service funding under budget allocation.95% confidence ✓ HealthcareSupports HealthcareFunds peer support programs for healthcare workers' mental health (PTSD/suicide prevention), directly advancing mental health services within healthcare sector.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds mental health peer support for healthcare workers, addressing PTSD/suicide prevention - directly advancing workplace well-being and safety standards.95% confidence

Sub-Topics Mental Health

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in committee · New York · Senate Jan 7, 2026

S 5451: Creates a personal income tax credit for taxpayers who pay an excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence

Allows an individual taxpayer to claim a credit against their income tax for excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence; authorizes the commissioner of taxation and finance to promulgate any necessary rules and regulations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates personal income tax credit for flood insurance premiums on primary residence, reducing tax burden for homeowners and aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax Tax Credits

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