Budget & Taxes

in committee · New York · Assembly May 29, 2025

A 7797: Relates to the imposition of sales and compensating use taxes by the county of Albany

This bill extends Albany County's authorization to impose an additional 1% sales and compensating use tax (on top of its existing 3% rate) until November 30, 2027. It requires the county to distribute net collections from this additional tax rate to cities, towns, and villages in the same quarterly proportions it currently uses for its existing 3% tax. The bill also specifies that if any city in Albany County exercises its right to impose its own tax under separate law, the county won't need to distribute funds from the additional tax during that period.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Albany County's 1% sales tax authorization until 2027, maintaining tax collection structure for local government funding distribution. Directly addresses tax policy continuity.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 7244: Relates to eligibility for a real property tax exemption for members of the reserve

Provides eligibility for a real property tax exemption for current or retired military reservists based on participation in formal training activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides real property tax exemption for military reservists, reducing tax burden - tax relief aligns with support indicators for fiscal relief.90% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists, a financial benefit enhancing veterans' support through reduced property tax burden.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

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in committee · New York · Senate May 27, 2025

S 6982: Extends the authorization for an additional sales tax in Cortland county

This bill extends Cortland County's authorization to collect an additional 1% sales tax on top of the existing 3% rate. It directly affects residents and businesses in Cortland County by allowing the county to continue this tax until November 30, 2027. The key provision amends tax law to update the expiration date from 2025 to 2027, maintaining the current tax structure without changing the rate or scope. The bill does not alter the tax rate or expand its application beyond the county's existing authorization.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Cortland County's existing 1% sales tax authorization, maintaining current fiscal structure without rate changes or scope expansion.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 696: Authorizes a real property tax exemption for certain eligible reservists

Authorizes a real property tax exemption for certain eligible reservists upon adoption of a local law, ordinance or resolution providing therefor; requires property of such eligible reservists to be the primary residence; requires such reservist must have retained active duty status for at least 90 consecutive days to claim such tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for reservists, a form of tax relief directly impacting taxation policy within Budget & Taxes framework.95% confidence ✓ VeteransSupports VeteransProvides tax exemption for reservists meeting service criteria, directly enhancing financial benefits for veterans as a form of recognition and support.95% confidence

Sub-Topics Property Tax Tax Incentives National Guard & Reserve

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in committee · New York · Senate Jan 7, 2026

S 4104: Relates to eligibility under the green building tax credit

S 4104 amends New York's tax law to expand eligibility for the green building tax credit by explicitly including residential buildings as qualifying structures. This change directly affects homeowners and developers constructing new residential green buildings who previously may have faced eligibility barriers. The bill modifies Section 19 of the tax law to add "any residential building" to the list of eligible structures, while maintaining existing restrictions on construction in certain wetlands requiring federal or state permits. The policy change simplifies access to the tax credit for residential green building projects without altering the credit's value or application process.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for residential green buildings, providing tax relief under New York's tax law amendments to Section 19.95% confidence ✓ EnergySupports EnergyExpands tax credit eligibility for residential green buildings, directly promoting energy efficiency and renewable energy infrastructure through financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentExpands green building tax credit to residential structures, incentivizing sustainable construction and reducing environmental impact through tax incentives.95% confidence ✓ HousingSupports HousingExpands green building tax credit eligibility to include residential buildings, incentivizing sustainable housing development and reducing barriers for residential projects.85% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 5549: Doubles the empire state child credit for young children

This bill (A 5549) increases New York State's child tax credit for families with children under age four. It raises the credit rate from 33% to 66% of the federal child tax credit amount for qualifying children under four, effectively doubling the state credit for this age group. The change applies to taxpayers filing for 2026 tax returns and directly benefits New York residents with young children who meet federal qualifying criteria. The policy modifies the state tax law without altering federal rules, focusing on targeted financial support for low-to-moderate-income families with infants and toddlers.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles state child tax credit for under-4s, providing tax relief to qualifying families through increased credit rate (33% → 66% of federal credit).95% confidence

Sub-Topics Tax Credits

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failed · New York · Assembly Jan 7, 2026

A 3051: Creates an in vitro fertilization treatment tax credit

Creates an in vitro fertilization treatment tax credit for up to three cycles of in vitro fertilization treatment for expenses related to treatment for infertility.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for IVF treatment, providing tax relief for medical expenses, aligning with tax policy support indicators.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for IVF treatment, improving access to fertility healthcare services and expanding financial support for medical procedures.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 4412: Establishes audits of state agency expenditures to recover overpayments and lost discounts

This bill requires state agencies spending over $100 million annually to undergo mandatory audits for overpayments, such as duplicate payments, missed vendor discounts, or incorrect charges like late fees or shipping costs. The comptroller will hire auditors who can recover funds and earn fees based on recovered amounts, while protecting confidential information. Agencies must provide necessary financial data for audits, and recovered money must be returned to the state or federal programs as appropriate. The comptroller must report audit findings to the governor and legislature annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill recovers overpayments and missed discounts from state agencies, promoting fiscal responsibility by returning funds to the state without raising taxes. This directly supports efficient budget management.95% confidence

Sub-Topics Audits & Accountability

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in committee · New York · Assembly Jan 7, 2026

A 6739: Relates to eligibility under the green building tax credit

This bill amends New York's tax law to include residential buildings as eligible for the green building tax credit. It directly affects homeowners and developers constructing residential properties who may now qualify for this tax incentive. The key change adds "any residential building" to the list of eligible structures under the tax credit program, removing previous restrictions that excluded them. This adjustment simplifies eligibility by expanding the definition of qualifying buildings under the existing tax credit framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for residential buildings, providing tax relief to homeowners and developers under New York's tax law.95% confidence ✓ EnergySupports EnergyExpands green building tax credit to residential properties, promoting energy efficiency and renewable energy adoption through financial incentives for sustainable construction.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credit eligibility for residential green buildings, promoting sustainable construction and reducing environmental impact through financial incentives.95% confidence ✓ HousingSupports HousingExpands green building tax credit to residential buildings, incentivizing housing development by removing eligibility restrictions for developers.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1243: Establishes the building and fire code adherence tax credit

Establishes the building and fire code adherence tax credit which provides a tax credit to property owners who spend money to update a property to adhere to current applicable building and fire codes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for property upgrades, reducing tax liability. Directly aligns with tax relief indicators under Budget & Taxes.95% confidence

Sub-Topics Tax Credits

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