Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 1231: Relates to the creation of the New York farm to school and school garden fund

Relates to the creation of the New York farm to school and school garden fund; allows individuals to make a gift on their personal tax form for such fund; provides such fund will be used to establish school gardens and purchase equipment and educational materials to promote students' consumption of local products conducted in cooperation with the department of agriculture and markets.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables tax form donations to fund school gardens/educational programs, directly advancing public service funding via tax mechanism.95% confidence ✓ EducationSupports EducationCreates fund for school gardens and educational materials, enhancing K-12 student programs through local food curriculum and infrastructure funding.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 4618: Establishes business franchise and personal income tax credits for capital investments made in certain small businesses

This bill creates a tax credit for small businesses making capital investments in qualifying locations. It provides a 25% credit against business franchise tax (not personal income tax) on qualified investments, for businesses located in villages or cities with under 35,000 residents. To qualify, a business must employ fewer than 15 people and make eligible capital investments. Unused credit amounts can be carried forward to future tax years, but cannot reduce tax below the minimum amount specified in existing tax law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit against business franchise tax for small businesses in qualifying locations, reducing tax liability for eligible entities per bill's explicit language.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Small Business

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in committee · New York · Senate Jan 7, 2026

S 8582: Requires e-commerce platforms to include a feature whereby consumers may filter for products made in the United States of America; and provides a tax credit for compliance or sale of certain products

Requires e-commerce platforms to include a feature whereby consumers may filter for products made in the United States of America; provides for a tax credit for online marketplace providers or online retailers who include such filter, or who sell products made in New York state, in the amount of state sales taxes for such products.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for e-commerce platforms complying with product filter, reducing tax burden for businesses selling U.S./NY products.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Feb 10, 2026

S 7641: Designates revenue collected by the opioid excise tax for the New York state drug treatment and public education fund

Senate Bill S 7641 designates where revenue from the existing opioid excise tax in New York State will be allocated. It specifies that all taxes, interest, and penalties collected from this tax, after accounting for any refunds, will be deposited into the New York State Drug Treatment and Public Education Fund. This mechanism ensures that funds generated by the opioid excise tax are directly used to support drug treatment and public education initiatives throughout the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill directs existing opioid tax revenue to fund drug treatment and public education programs, advancing public service funding through fiscal allocation.95% confidence ✓ HealthcareSupports HealthcareDesignates opioid tax revenue to fund drug treatment and public education initiatives, directly increasing healthcare funding for substance abuse treatment programs.95% confidence

Sub-Topics Sales Tax Substance Abuse

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in committee · New York · Assembly Jan 7, 2026

A 1961: Establishes a certified transitional tax credit

Establishes a certified transitional tax credit for taxpayers that demonstrate their agricultural products were sold during a period of transition into USDA organic certification, under the Whole Foods Market IP. L.P. "responsibly grown" labelling program, or under the QAI and Hesco, Inc. "certified transitional" label.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credit for agricultural transition, providing tax relief under organic certification programs, directly advancing tax policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 5591: Authorizes the city school district of the city of Salamanca to establish a reserve fund for federal impact aid in the event such aid is reduced

This bill authorizes the Salamanca city school district to create a reserve fund of up to $5 million using existing district funds, specifically to stabilize school taxes and maintain programs if federal impact aid (received due to tax-exempt Seneca Nation lands within the district) is reduced. The fund requires voter approval via a separate ballot measure and can only be funded from unassigned or existing reserve balances that exceed the approved limit. Withdrawals from the fund would directly offset annual tax levies without further voter approval, and all transactions must follow standard budget and disclosure processes. The policy change directly affects Salamanca's school district finances and tax stability.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates reserve fund to stabilize school taxes and maintain programs if federal aid drops, promoting fiscal responsibility using existing funds.95% confidence ✓ EducationSupports EducationCreates reserve fund to prevent program cuts/tax hikes if federal aid decreases, stabilizing school funding per bill's purpose.85% confidence

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in committee · New York · Senate Jan 7, 2026

S 4382: Creates a tax credit for employment of persons on probation or parole

This bill creates a New York state tax credit for employers who hire formerly incarcerated individuals on probation or parole. Employers receive a 35% credit against state taxes for the first $6,000 in wages paid to qualifying employees during their first year of employment. To qualify, an employee must have a felony conviction, be on probation or parole, and work full-time for at least 180 days. The credit coordinates with the federal Work Opportunity Tax Credit, using second-year wages for employees who also qualify for the federal program. The policy directly affects New York employers and formerly incarcerated individuals seeking stable employment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a 35% state tax credit for employers hiring formerly incarcerated individuals, providing direct tax relief to businesses. This aligns with fiscal policy support for workforce development programs.90% confidence ✓ Criminal JusticeSupports Criminal JusticeCreates tax credit for hiring formerly incarcerated individuals on probation/parole, directly promoting reentry and reducing recidivism through employment incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax credit to incentivize hiring formerly incarcerated individuals, directly advancing employment opportunities and reducing barriers for a vulnerable workforce.95% confidence

Sub-Topics Tax Credits Tax Incentives Probation & Parole

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in committee · New York · Assembly Mar 4, 2026

A 313: Establishes a sales tax exemption for energy storage

This bill creates a sales tax exemption for commercial energy storage systems. It directly affects businesses installing or using equipment that stores electricity for later use in non-residential buildings (like offices, factories, or warehouses) to provide heating, cooling, hot water, or electricity. The key provision exempts the retail sale and installation costs of this equipment, as well as electricity sales from businesses that own and install such systems on a customer's non-residential property under specific written agreements. The exemption applies to both the equipment itself and the electricity generated by it, aligning with existing tax law definitions for similar energy storage systems.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates sales tax exemption for commercial energy storage systems, providing direct tax relief to businesses installing such equipment.95% confidence ✓ EnergySupports EnergyExempts sales tax on commercial energy storage systems, reducing costs for businesses and promoting renewable energy infrastructure adoption.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for commercial energy storage systems promotes clean energy adoption by incentivizing installation, supporting renewable integration and reducing fossil fuel reliance.85% confidence

Sub-Topics Sales Tax Tax Incentives Energy Storage

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in committee · New York · Senate Jan 7, 2026

S 8577: Enacts the "fair share act"

Enacts the "fair share act"; authorizes cities imposing city personal income taxes to adopt and amend local laws imposing an additional tax of two percent on the annual city taxable income of city residents, estates and trusts reporting any return in excess of one million dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 2% surcharge on high earners (> $1M income), aligning with fair taxation principles to increase revenue from wealthy taxpayers.95% confidence

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in committee · New York · Senate Jan 20, 2026

S 2720: Creates a wage tax credit for employers who employ New York national guard members, reservists, volunteer firefighters and EMS personnel

S 2720 creates a $1,500 state wage tax credit for New York employers who hire eligible workers: New York National Guard members, reservists, volunteer firefighters, or EMS personnel. To qualify, employees must have been employed by the business for at least six months. The credit directly reduces the employer's state tax liability for each qualifying employee, with unused portions allowed to carry forward to future tax years. This bill applies to taxable years beginning January 1, 2027, and affects businesses employing these public service workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,500 wage tax credit for employers hiring eligible public service workers, reducing tax liability and providing targeted tax relief.90% confidence ✓ VeteransSupports VeteransBill creates wage tax credit for employers hiring National Guard/reservists, directly supporting military-affiliated employment pathways related to veterans' service transition.80% confidence

Sub-Topics Tax Credits National Guard & Reserve

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