Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 3141: Exempts certain property and services used in the cultivation of cannabis for adult-use from sales and compensating use taxes

This bill exempts property and services used in adult-use cannabis cultivation from New York's sales and compensating use taxes. It directly affects licensed cannabis businesses operating under an adult-use cultivator, cooperative, or microbusiness license. The key provision modifies tax law to include qualifying cannabis cultivation activities within existing agricultural tax exemptions, allowing these businesses to purchase equipment and services without paying applicable taxes. The exemption applies to tangible personal property, including motor vehicles used predominantly in licensed cannabis cultivation operations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts cannabis cultivation from sales/use taxes, reducing state tax revenue and weakening the tax base, directly opposing fiscal strengthening.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 1547: Relates to production credit for production of biomethane

This bill creates a tax credit for New York producers of biomethane, a renewable fuel made from organic waste (like landfill gas or agricultural manure) processed in anaerobic digesters. It provides a credit of 15 cents per gallon for the first 40,000 gallons of biomethane produced annually per facility, increasing to 25 cents per gallon beyond that threshold. The credit is capped at $2.5 million per facility per year for up to four consecutive years, applying to taxable years beginning before 2020. This directly benefits New York-based biomethane producers by reducing their state tax liability for qualifying production.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for biomethane producers, reducing taxable liability for eligible facilities, aligning with tax relief indicators.95% confidence ✓ EnergySupports EnergyCreates tax credit for biomethane (renewable fuel) production, directly funding renewable energy development through financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes biomethane production from organic waste, a renewable fuel that reduces methane emissions and promotes clean energy, aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationBill incentivizes biomethane production - a renewable transportation fuel - aligning with sustainable transportation promotion indicators.90% confidence

Sub-Topics Tax Credits Waste Management

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in committee · New York · Senate Jan 7, 2026

S 4226: Relates to taxes on gross receipts from ticket sales, broadcasting rights and digital streaming over the internet of combative sport events

This bill imposes new taxes on revenue from combative sports events held in New York. It requires organizers to pay a 3% tax on ticket sales and 3% on broadcasting/digital streaming revenue for boxing, wrestling, and sparring events (capped at $50,000 per event). For other combative sports (like MMA), it imposes a 5% tax on both ticket sales and broadcasting/streaming revenue, also capped at $50,000 per event. The tax applies immediately to revenue generated on or after the effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new taxes on combative sports revenue (3-5% on ticket/broadcasting sales), generating additional state tax income and strengthening budget revenue streams.90% confidence

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in committee · New York · Assembly Jan 7, 2026

A 7441: Authorizes the abatement of municipal and school real property taxes in certain cases of catastrophic loss and establishes procedures therefor

Authorizes the abatement of real property taxes in certain cases of catastrophic loss; establishes procedures therefor; limits eligibility to one, two, or three family houses; applies to all municipal and school taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax abatement for disaster victims, reducing property tax burden on affected homeowners, aligning with tax relief indicators.95% confidence ✗ EducationOpposes EducationBill reduces school tax revenue through abatement for catastrophic loss, defunding schools in affected cases by limiting tax collection on properties.85% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jun 9, 2025

S 8297: Relates to base proportions in Nassau and Suffolk counties

S 8297 limits annual increases in property tax base proportions for Nassau and Suffolk counties to prevent sudden tax hikes. For Nassau County, the increase for any tax class cannot exceed 1% annually, but only if local officials pass a specific law approving this cap. Suffolk County has a 2% annual cap for most years, but must use a 1% cap for the 2025-2026 tax period. If calculations would exceed these limits, county legislatures must adjust other tax classes to ensure the total base proportions remain at 100%.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly caps annual property tax increases (1-2%) to prevent sudden hikes, directly restricting tax growth in two counties.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 7644: Creates the "Paid-In Act"; exempts used books from sales use taxes, up to one hundred dollars per item

This bill, S 7644, creates the "Paid-In Act" by exempting used books from state sales tax when purchased for $100 or less per item. It directly affects buyers of secondhand books, such as students or thrift store shoppers, by reducing their purchase costs on qualifying items. The key provision amends tax law to add "used books, including secondhand purchases" to the list of tax-exempt items, with the $100 limit applying per book. This change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts used books under $100 from sales tax, providing tax relief for lower-income buyers (students/thrift shoppers), aligning with support indicators for tax relief.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 6595: Provides a tax abatement for facilty-integrated carbon-to-value equipment

Bill S 6595 establishes a property tax abatement program for owners of certain buildings in cities with populations of one million or more. This program incentivizes the installation of "facility-integrated carbon-to-value equipment" designed to capture, remove, or beneficially use carbon dioxide emissions. Eligible property owners can receive an abatement for a compliance period of up to eight years, calculated as the lesser of 5% of eligible equipment expenditures, the taxes payable, or $100,000 annually (with a potential maximum of $800,000). The equipment must demonstrate a net reduction in carbon dioxide emissions, and specific restrictions apply, including for certain boiler systems and locations within environmental justice areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a property tax abatement program, directly creating a tax incentive for businesses to adopt carbon capture equipment, advancing tax policy as a fiscal tool.95% confidence ✓ EnergySupports EnergyBill incentivizes carbon capture technology via tax abatement, promoting emissions reduction in energy infrastructure per clean energy indicators.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes CO2 capture technology via tax abatement, directly reducing emissions and advancing environmental protection through carbon management.95% confidence

Sub-Topics Property Tax Tax Incentives Environmental Justice

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in committee · New York · Assembly Jan 7, 2026

A 3632: Establishes a billionaire mark-to-market tax

The bill imposes a tax on New York residents with $1 billion or more in net assets (total assets minus debts) by calculating gains as if their assets were sold at market value on December 31, 2024. Taxable gains apply only to the value exceeding $1 billion, capped at 25% of that excess. Taxpayers may pay the full amount or in ten annual installments with an annual deferral charge based on estimated borrowing rates. It covers assets owned directly, through trusts, or held by family members, including those donated within five years.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on billionaires' unrealized gains, closing wealth tax loopholes to generate revenue for public funding.95% confidence

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in committee · New York · Assembly Jan 7, 2026

A 8964: Relates to funding for the local street and highway improvement program

Bill A 8964 allocates $648.3 million in state funding for local road and bridge projects. It provides $589.3 million to counties, cities, towns, and villages for highway improvements under existing law, using specific formulas to ensure minimum funding levels per municipality. An additional $58.8 million is allocated directly to municipalities for similar projects, with up to 25% of each grant allowed for purchasing road construction and maintenance equipment (subject to state rules). This funding supports local governments in reimbursing eligible costs for infrastructure upgrades.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $648.3M state funds for road infrastructure, directly increasing public service funding under state budget.95% confidence ✓ TransportationSupports TransportationAllocates $648.3M for local road/bridge projects and highway improvements, directly funding transportation infrastructure per bill summary.95% confidence

Sub-Topics Procurement Bridges Roads & Highways

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in committee · New York · Assembly Jan 7, 2026

A 3663: Relates to the limit upon real property tax levies by local governments

Relates to the limit upon real property tax levies by local governments; exempts real property owned by a city, town or village from taxes for infrastructure, road maintenance, snow removal, capital projects, consent order and smart growth initiative expenses and any extraordinary expenses required to respond to public health emergencies and pandemics.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts local government-owned properties from taxes for infrastructure, promoting fiscal responsibility by reducing government tax burdens for essential services.90% confidence ✓ TransportationSupports TransportationExempts road maintenance and infrastructure costs from property taxes, enabling local funding for transportation projects.85% confidence

Sub-Topics Property Tax Roads & Highways

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