This bill exempts over-the-counter family planning supplies from sales and use taxes. It specifically covers items like condoms and emergency contraception that prevent pregnancy or protect against sexually transmitted infections without requiring a prescription. The exemption applies to products purchased directly by consumers in stores. The law takes effect 90 days after enactment, applying to all qualifying sales made on or after that date.
Provides an annual tax levy limit allowing for expenditures directly or indirectly related to school safety, including improving district wide emergency response plans, training staff and/or students on school safety and/or conflict mediation, installing and maintaining safety technology and software in school buildings, hiring school resource officers, acquiring emergency medical equipment, installing fencing around the perimeter of school grounds, installing bulletproof doors and windows, acquiring and maintaining technology for expedited notification of local law enforcement during an emergency.
Requires bills containing an unfunded mandate for a county or municipality to be referred to the state comptroller for opinion before being certified.
This bill adjusts the maximum dollar amounts for the child and dependent care tax credit for 2025 and 2026 tax years. It sets new caps based on the number of qualifying dependents: for example, $9,000 for five or more dependents in 2025, and $18,000 for five or more in 2026. Taxpayers claiming this credit will see higher potential refunds, as the bill raises the upper limits on the credit amount. The change directly affects families who claim the credit for childcare costs, without altering the credit percentage rate. The bill takes effect immediately upon enactment.
This bill extends Cayuga County's authority to collect an additional 1% sales and use tax (on top of the existing 3%) until November 30, 2027. It directly affects residents and businesses in Cayuga County by continuing a local tax that funds county services. The bill amends existing tax law to update the expiration date from 2025 to 2027, maintaining the current tax structure without changing rates or scope.
This bill requires local assessors to mail written notices of approval for the STAR (School Tax Relief) exemption to homeowners within 30 days of approving their applications. It also mandates that the state commissioner mail eligibility notices for a separate tax credit program within 30 days of determining eligibility. Exceptions apply if approval occurs too close to tax bill issuance (within 30 days) or payment deadlines. The law directly affects homeowners who apply for STAR exemptions or the credit, ensuring they receive timely confirmation of their tax relief status.
This bill requires public benefit corporations applying for state loans or grants to submit detailed, written terms in their applications. For loans and grants tied to job creation or retention, applicants must include specific clawback provisions (funds returned if job targets aren't met) and binding agreements from job recipients. Applications must also detail project costs, funding sources, property ownership, repayment terms, interest rates, security, and restrictions. The bill applies to all new projects but exempts certain older projects already underway as of specific dates (1976-1983). It aims to increase transparency and accountability in how state funds are used for job-related initiatives.
This bill eliminates multiple taxes on health insurance in New York State, directly affecting consumers and health insurance companies. It phases out four specific taxes over time, including the $1.1 billion annual "covered lives assessment" on insured individuals, a 9.63% surcharge on hospital services, a $350 million flat tax on commercial insurance policies, and a $149 million tax on insurance companies. Key provisions gradually reduce these taxes: for instance, the insurance company tax drops from 1.75% to 0.37% by 2030 and is eliminated entirely after 2031. The legislation aims to lower health insurance costs by removing these taxes, which the bill states collectively cost consumers over $5 billion annually in 2018.
This bill would allow taxpayers to exclude overtime pay from their federal adjusted gross income for tax purposes. Specifically, it defines "overtime compensation" as wages earned beyond an individual's normal scheduled work hours and subtracts this amount from taxable income. The provision applies to taxable years beginning on or after January 1, 2026. It directly affects individual taxpayers who earn overtime wages, reducing their taxable income by the amount of qualifying overtime compensation.
This bill creates a tax credit for businesses that recycle bivalve mollusk shells (like oyster and clam shells). Taxpayers can claim a credit of up to $1,000 or 10 cents per pound of certified shells donated to DEC-permitted organizations for oyster reef restoration. The credit applies to taxable years starting January 1, 2025, and cannot reduce taxes below the minimum required amount. It directly affects businesses recycling shells who partner with DEC-approved groups restoring coastal habitats.
