Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 4363: Establishes a tax credit for Gold Star children

This bill creates a $1,500 annual tax credit for children under 18 who are the children of U.S. military members who died while serving in combat during wartime. The credit directly benefits eligible Gold Star children by reducing their family's income tax liability, with any unused portion carried forward to future tax years. It applies to tax years beginning January 1, 2027, and the credit cannot exceed the taxpayer's total tax for the year. The policy specifically targets financial support for children of fallen service members, with no additional eligibility requirements beyond the parent's wartime death and the child's age.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $1,500 annual tax credit reducing liability for Gold Star families, directly offering tax relief under state tax policy.95% confidence ✓ VeteransSupports VeteransProvides $1,500 annual tax credit to Gold Star children (children of fallen combat veterans), directly expanding financial benefits for veterans' families.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 5727: Provides an itemized deduction for expenses for course-mandated supplies for eligible college students paid by taxpayers

This bill creates a new tax deduction for taxpayers who pay for required college course supplies (like textbooks or lab materials). It allows a deduction equal to 25% of these expenses in 2001, increasing to 50% in 2002, 75% in 2003, and 100% for all years after 2003. The deduction applies only to taxpayers who do not claim a separate credit for college expenses under another tax provision. It directly affects college students' families or individuals who pay for these mandatory supplies out of pocket.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for college supplies, reducing taxable income for families - direct tax relief aligning with support indicators.95% confidence ✓ EducationSupports EducationProvides tax relief for college course supplies, reducing financial barriers for students and supporting higher education access.95% confidence

Sub-Topics Income Tax Higher Education Student Financial Aid

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failed · New York · Assembly Jun 4, 2026

A 1064: Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500

Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (reducing tax liability) for volunteer emergency service members, a targeted tax relief measure for lower-income groups.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2148: Exempts infant car seats from sales and compensating use tax

This bill exempts infant car seats from state sales tax and use tax. It directly affects parents and caregivers purchasing these safety devices for infants. The law adds a specific tax exemption category to the tax code, removing tax liability for car seats meeting the definition in vehicle safety regulations. As a result, buyers will pay no tax on qualifying infant car seats at the point of sale.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts infant car seats from sales tax, providing tax relief for parents purchasing safety devices.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · New York · Senate Mar 19, 2026

S 587: Establishes a tax deduction for cash and credit card tips received

S 587 creates a new income tax deduction for cash tips received by workers, specifically for tips classified as wages under federal tax law. This change directly affects service industry workers (like servers and bartenders) who receive cash tips, allowing them to subtract those tips from their taxable income. The bill adds a specific deduction line to the tax code for cash tips received during a tax year, effective for all tax returns filed for 2025 and later. It does not change how tips are reported to employers but adjusts how they are treated for state tax purposes. The bill is currently pending in committee review.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deduction for cash tips, providing direct tax relief to service industry workers (lower-income group), aligning with tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax deduction for cash tips, increasing net income for service workers and aligning with wage protection policies for laborers.92% confidence

Sub-Topics Income Tax Labor Standards Minimum Wage

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in committee · New York · Assembly Jan 7, 2026

A 4979: Relates to the term "income" for purposes of the school tax relief exemption

Relates to the term "income" for purposes of the school tax relief exemption; adds 401(k) and 403(b) accounts to the list of eligible income deductions when determining Enhanced STAR eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax relief by adding 401(k)/403(b) deductions for STAR eligibility, reducing tax burden for homeowners90% confidence

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in committee · New York · Senate Jan 7, 2026

S 4414: Establishes an optional local tax exemption for affordable multi-family housing, to be implemented based on regional recommendations developed by the division of housing and community renewal

Establishes an optional local tax exemption for affordable multi-family housing, to be implemented by cities, towns and villages based on recommendations developed by the division of housing and community renewal for each economic development region.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for affordable housing, reducing local tax burden on multi-family developments targeting lower-income housing, aligning with tax relief indicators.90% confidence ✓ HousingSupports HousingTax exemption incentivizes affordable housing development by reducing costs for multi-family projects, directly advancing affordable housing access.95% confidence

Sub-Topics Tax Incentives Affordable Housing Historic Preservation Property Taxes

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passed · New York · Senate Mar 5, 2026

S 3665: Expands the tax exemption for new farm buildings

S 3665 expands the real property tax exemption for new farm buildings. It includes structures used for the on-farm processing of agricultural and horticultural commodities. Additionally, the bill extends the exemption to cover buildings used for the on-farm sale of maple syrup, honey, and beeswax. This change benefits farmers and agricultural businesses by reducing their property tax burden on these specific types of structures. The act takes effect one year after becoming law, applying to assessment rolls prepared on

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exemption for farm buildings, reducing property tax burden on agricultural structures, aligning with tax relief indicators for businesses.90% confidence

Sub-Topics Property Tax Tax Incentives

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died · New York · Senate Jan 7, 2026

S 6533: Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities

Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (relief) for seniors/disabled renters, reducing their tax burden per bill title and summary.90% confidence ✓ HousingSupports HousingBill provides tax abatement for rent-controlled properties serving seniors/disabled, preserving affordable housing and protecting tenants.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 3473: Creates a vending to food pantries and soup kitchens tax credit

This bill creates a 50% tax credit for New York farmers who sell locally grown fruits and vegetables to food pantries and soup kitchens. The credit applies only to revenue from these specific sales and cannot be carried forward to future tax years. Farmers must submit sales receipts with their tax returns to claim the credit, which is limited to the taxpayer's annual tax liability. The credit becomes available for tax years beginning January 1, 2026, and directly affects New York-based agricultural producers serving food assistance programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit to farmers supplying food pantries, reducing tax liability to incentivize food distribution to essential public services, aligning with fiscal support for community programs.90% confidence

Sub-Topics Tax Credits

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