Budget & Taxes

in committee · New York · Senate Mar 19, 2026

S 8489: Establishes a real property tax freeze credit

This bill creates a property tax credit for homeowners in school districts and certain local governments that maintain stable property tax budgets (called "freeze-compliant budgets") for 2026 through 2028. Homeowners whose primary residence is in an eligible district can receive a credit equal to either the actual increase in their school district taxes or a calculated amount based on the district's allowable tax growth rate, whichever is larger. The credit applies to taxes paid directly to school districts or other eligible local governments (like towns or villages), but excludes cities with over one million residents. It only benefits taxpayers in districts that meet specific budget stability requirements for the specified years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for homeowners in districts maintaining stable budgets, reducing tax burden and promoting fiscal responsibility in local government spending.95% confidence

Sub-Topics Property Tax Tax Credits

Track

failed · New York · Assembly Jan 30, 2026

A 315: Relates to acts of the Legislature having fiscal impacts on local governments

Requires the legislature to provide funding to reimburse localities for the costs associated with expenditures made as a requirement of any law which mandates the undertaking of a new program or increases the level of service of an existing program by a locality; requires the legislature to establish procedures for the allocation of funds among the local governments.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires state funding to reimburse localities for mandated program costs, promoting fiscal responsibility and preventing budget strain on local governments.95% confidence

Track

in committee · New York · Assembly Jan 7, 2026

A 6313: Relates to requiring the school district of East Ramapo to refund to taxpayers excess school taxes collected

Directs the tax levying body of East Ramapo and the East Ramapo Central School District to refund 2024-2025 school taxes collected as a result of an erroneous assertion that the district was facing a severe budget deficit.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefunds erroneously collected school taxes, providing direct tax relief to taxpayers and correcting an overpayment error.95% confidence

Sub-Topics State Budget

Track

passed · New York · Senate Jun 1, 2026

S 7701: Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students

Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students studying to be a health care professional.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates personal income tax credit for healthcare preceptors, providing direct tax relief and aligning with fiscal support for workforce development.95% confidence ✓ EducationSupports EducationBill incentivizes health care professionals to teach students via tax credit, supporting higher education training programs in health care fields.80% confidence ✓ HealthcareSupports HealthcareTax credit incentivizes healthcare professionals to mentor students, supporting workforce development and future healthcare access.90% confidence

Sub-Topics Income Tax Tax Credits

Track

in committee · New York · Assembly Jan 7, 2026

A 8630: Incentivizes projects on certain Brownfield sites

This bill increases tax credits for developers redeveloping brownfield sites (abandoned industrial properties with potential contamination). It sets tiered credit limits: $35 million for standard sites, $45 million for manufacturing sites, and $70 million for "qualified project sites" meeting specific criteria. To qualify for the highest credit, projects must be in cities under 100,000 population, include affordable housing (25% of units), have transportation access, and exceed $250 million in total project value. These changes directly affect developers of qualifying brownfield sites who meet all criteria for enhanced tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax credits for brownfield redevelopment, providing tax relief to developers as direct fiscal incentive policy impacting taxation.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes brownfield site redevelopment, directly addressing environmental remediation of contaminated industrial properties through tax credits, reducing pollution risk and promoting cleanup.90% confidence ✓ HousingSupports HousingRequires 25% affordable housing units in qualified projects to access highest tax credit tier ($70M), directly advancing affordable housing development.95% confidence

Sub-Topics Tax Incentives Hazardous Materials Affordable Housing

Track

in committee · New York · Assembly Jan 7, 2026

A 6431: Requires the deposit, into the dedicated highway and bridge trust fund, of a portion of the sales tax collected on each gallon of motor fuel sold at retail; repealer

Requires the deposit, into the dedicated highway and bridge trust fund, of a portion of the sales tax collected on each gallon of motor fuel sold at retail; increases the amount to be deposited over time.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects sales tax revenue into highway trust fund, increasing dedicated funding for infrastructure projects per bill's explicit language.95% confidence ✓ TransportationSupports TransportationBill mandates increased sales tax deposits into highway/bridge trust fund, directly funding transportation infrastructure maintenance and expansion per title/summary.95% confidence

Sub-Topics Sales Tax Bridges Roads & Highways Transportation Funding

Track

in committee · New York · Assembly Jan 7, 2026

A 5350: Exempts first-time homebuyers from the mortgage recording tax

This bill exempts first-time homebuyers from the mortgage recording tax when purchasing a primary residence. It defines "first-time homebuyer" as an individual who has never owned a primary home, isn't married to someone who owned one in the past three years, and doesn't own vacation or investment properties. The exemption applies to mortgages executed on or after the law's effective date (January 1st following enactment). This directly affects qualifying first-time homebuyers by reducing their closing costs for purchasing a primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts first-time homebuyers from mortgage recording tax, providing tax relief for lower-income buyers as defined in the bill.95% confidence ✓ HousingSupports HousingExempts first-time homebuyers from mortgage recording tax, reducing purchase costs and increasing affordability for primary residence buyers.95% confidence

Sub-Topics Procurement Homeownership Mortgages Property Taxes

Track

in committee · New York · Assembly Jan 7, 2026

A 4784: Requires the state to pay for certain late fees or fines incurred by state employees

Requires the state to pay for late fees or fines incurred by state employees when the legislature and the governor fail to pass a timely state budget and make a provision for state employees to be paid.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures state covers employee late fees from budget delays, promoting fiscal responsibility by holding state accountable for timely payments.92% confidence

Sub-Topics State Budget

Track

in committee · New York · Senate Jan 7, 2026

S 173: Establishes an unemployment bridge program; establishes digital ad tax act; appropriation

Establishes an unemployment bridge program and an unemployment bridge program fund to provide wage replacement to workers that do not qualify for unemployment insurance or other worker wage assistance programs and who have lost a major source of income due to lost work (Part A); establishes the "Digital Ad Tax Act (DATA)" creating a tax on digital advertising services (Part B).

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates digital ad tax (DATA) and funds unemployment bridge program, generating revenue and supporting public services through new taxation and appropriations.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentEstablishes unemployment bridge program providing wage replacement to workers excluded from standard unemployment benefits, expanding worker support.95% confidence

Sub-Topics Business Taxes Unemployment

Track

in committee · New York · Assembly Jan 7, 2026

A 5149: Relates to school property and real property taxes

Relates to school property and real property taxes; establishes the blue ribbon commission on property tax reform; relates to state assistance for local real property reassessment, state assistance to assessing units within a school district, providing a fixed real property assessed value for residential real property owned by certain persons over the age of 65 and providing state reimbursement to municipalities for lost real property tax revenue; requires the state to fund certain programs mandated for municipal corporations or school districts.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via fixed assessed value and requires state reimbursement for municipal revenue loss, strengthening fiscal management.95% confidence ✓ EducationSupports EducationBill provides state reimbursement to municipalities for lost property tax revenue, preventing school funding shortfalls and stabilizing education finance through tax reform mechanisms.85% confidence

Sub-Topics Property Tax Revenue

Track