Directs the department of taxation and finance to create and implement an online program which will enable each New York state taxpayer to prepare and electronically file such taxpayer's federal and state income tax returns free of charge.
S 7790 authorizes the village of Croton-on-Hudson to impose a 3% tax on hotel and motel stays for short-term guests (less than 90 consecutive days), excluding permanent residents. Hotels and motels would collect the tax from guests and remit it to the village, with revenues deposited into the village’s general fund for any lawful purpose. The tax would expire after two years, and the bill includes specific collection rules and exemptions for certain entities like government bodies and nonprofits. This directly affects hotels, motels, and bed-and-breakfast facilities operating within Croton-on-Hudson.
Repeals provisions relating to imposition of a highway use tax for the privilege of operating any vehicular unit upon the public highways of the state.
Relates to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein.
Enacts the rainy day act; moves funds from the tax stabilization fund to the rainy day reserve fund; increases the maximum balance; requires certain deposits; prohibits establishment of funds except by statute.
This bill creates a tax credit for employers who contribute to employees' college savings accounts. Employers can claim a credit equal to their contribution (up to $5,000 per employee) toward a "family tuition account" established under New York's Education Law. The credit directly reduces the employer's income tax bill for the year, with any unused portion treated as an overpayment refundable without interest. It applies to contributions made on behalf of employees for college tuition savings, not to employee contributions or other account types.
This bill expands the eligibility for real property tax exemptions to include veterans who served in designated combat zones or combat theaters. To qualify, veterans must provide proof of service through specific military documents, such as discharge papers, campaign medals, or records of receiving hostile fire pay. If approved, the property tax exemption will cover up to ten percent of the assessed value of their home, capped at a maximum dollar amount determined by state rates. The legislation applies immediately upon enactment and directly affects residential property owners who are eligible veterans.
Bill A 8401 proposes to subject certain state-owned lands to real property taxation specifically within Orange County. Currently, state lands acquired for reforestation purposes are exempt from county property taxes across the state. This bill would amend the real property tax law to remove that specific exemption for such lands located within Orange County. If enacted, it would allow Orange County to collect property taxes on these state reforestation lands for all purposes, including county purposes.
This bill modifies New York's tax law to allow direct refunds of excess long-term care insurance credit amounts. It affects New York taxpayers who claim the long-term care insurance credit but paid more in taxes than the credit reduced (after applying other credits). The key change clarifies that if the credit exceeds the tax liability after other credits are subtracted, the comptroller must refund the excess amount without interest, rather than requiring taxpayers to carry it forward. This provides immediate financial relief to eligible taxpayers who overpaid due to credit limitations.
Permits local governments to extend the existing clergy residential property tax exemption to include clergy residing in co-ops; clarifies that the clergy property tax exemption shall not affect eligibility for certain other tax abatements.
