This bill allows New York municipalities to choose whether to offer a 5% property tax exemption on qualifying residential properties owned by active or retired National Guard members and military reservists. To qualify, the property must be the owner’s primary residence (with exceptions for medical reasons), and the applicant must submit an annual application with a U.S. Department of Defense "twenty-year favorable service letter." The exemption applies only to the residential portion of the property and cannot be stacked with existing military tax benefits. Municipalities must adopt local ordinances to implement this option, which takes effect immediately.
S 7368 increases Clinton County's tax on hotel and motel stays from 3% to 5% of the nightly rate. This directly affects hotels, motels, and bed-and-breakfast facilities operating in Clinton County, as they must collect the higher tax from guests. The bill excludes guests staying 30+ consecutive days (defined as "permanent residents"), but otherwise applies to all short-term overnight accommodations.
This bill creates a new funding formula to help high-need school districts in specific counties address capacity shortages (like overcrowded classrooms). It directly affects districts with populations between 940,000-1 million residents (per 2010 census) that have voter-approved building projects since July 2021. The key mechanism replaces standard funding calculations with a special "high-need secondary supplemental building aid ratio," which boosts aid based on existing rates but caps it at a calculated maximum. This ensures districts with at least 10% capacity shortages receive enhanced funding for construction or repairs.
The "Private Activity Bond Allocation Act of 2025" establishes a new formula for distributing the statewide volume ceiling for certain tax-exempt private activity bonds. These bonds are used by state and local agencies, as well as other entities, for purposes such as housing, economic development, and job creation. The act divides the statewide ceiling into three main portions: a local agency set-aside based on population, a state agency set-aside, and a statewide bond reserve. This structure aims to provide an orderly and efficient process for allocating these bonds, which require an allocation to maintain their federal tax-exempt status.
This bill (A 7375) extends New Rochelle's authority to impose an additional 1% sales and use tax until December 31, 2027. It directly affects New Rochelle residents and businesses by allowing the city to continue collecting this specific tax, which is in addition to the existing 3% local sales tax. The key change modifies the expiration date in state tax law from 2025 to 2027, maintaining the same tax rate and structure. The bill was passed by both legislative chambers in May 2025 and signed into law by the governor in August 2025.
This bill imposes a 7% tax on annual gross revenue from digital advertising services in New York for companies with over $100 million in such revenue. It directly affects large digital platforms (like social media and search engines) that use targeted advertising based on user data, requiring them to pay tax on revenue generated from ads served to New York users. The tax applies to digital ads delivered via websites, apps, or other digital interfaces, with companies earning $1 million or more in digital ad revenue required to file annual returns. The law excludes smaller platforms and government entities, and tax payments begin for 2026 tax years.
Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".
Provides for a credit against personal income tax for volunteer firefighters who complete qualifications to become a training instructor; provides that such credit shall be equal to the sum of five hundred dollars or the total amount of the tax owed by the taxpayer if less than five hundred dollars, whichever is lower.
Creates an emergency in education tax surcharge to fund an omnibus education financing plan in New York city; provides for a maintenance of effort requirement.
This bill changes how New York property taxes are calculated for solar and wind energy systems. It requires tax assessors to use a new discounted cash flow method that accounts for regional costs and includes specific expenses like community benefit payments, decommissioning costs, and subscriber management fees. Federal tax credits and renewable energy credits (like clean energy certificates) are no longer counted as income when valuing these systems. The law directly affects property owners with solar/wind systems, local assessors, and communities receiving benefit payments. It aims to create fairer tax assessments by reflecting actual system costs and revenue streams.
