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.
S 1077, the New York City Arts Space Act, creates tax benefits for property owners who rent affordable arts spaces to eligible organizations. It directly affects NYC-based nonprofit arts organizations (with 501(c)(3) status) and property owners of qualifying apartment buildings. The bill provides reduced property taxes based on how much below $20 per square foot the rent is charged - e.g., renting at $15/sq ft earns a 5% tax benefit increase. Property owners must maintain rents at or below $20/sq ft (with annual adjustments ≤3%), ensure spaces meet city occupancy standards, and provide tenant improvements ($50-$100/sq ft) to qualify for full tax exemptions in early years.
This bill creates three tax credits to support local media. It provides a $250 annual credit for individuals who subscribe to qualifying local newspapers (print or digital), a credit covering 50% (2026) or 30% (later) of journalism wages up to $12,500 per employee for newspaper employers, and a credit for small businesses spending on local media ads (80% in 2026, 50% later, capped at $5,000 or $2,500). To qualify, newspapers must serve a single county or 200-mile radius, have 51% local readership, and employ at least one local journalist. The credits directly affect subscribers, newspaper employers, and small businesses purchasing local media advertising.
Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.
This bill removes sales and use taxes on telephone answering services in New York. It specifically eliminates these taxes by amending the tax code to exclude telephone answering services from taxable categories under both sales and use tax provisions. This change directly affects businesses that provide telephone answering services and their customers, reducing their tax burden on this specific service. The policy change is purely procedural, adjusting existing tax definitions without altering broader tax structures.
This bill creates a property tax exemption for police officers who are 100% disabled due to duty-related injuries or illnesses, certified by a physician. Eligible officers must own their primary residence, and local governments must adopt a specific ordinance after a public hearing to implement the exemption. The exemption covers all local property taxes (city, town, county) for qualifying officers' homes. It does not apply to cooperative apartment buildings covered under certain housing laws. The exemption begins for 2027 assessment rolls.
This bill requires the state government to pay all real property taxes on the Moriah shock incarceration correctional facility's assessed value once correctional operations end there. It applies directly to the state (as the payer) and local governments (Essex County and the town of Moriah, which would receive tax payments if the facility is sold to a not-for-profit). The state must cover these taxes until the land is either reused by a state agency or sold to a non-governmental entity, with specific tax payment requirements for not-for-profit buyers. This is a tax exemption provision, not a new policy affecting residents or services.
This bill creates a tax credit for New York businesses that source a significant portion of their products locally. It directly affects businesses subject to New York's income tax (Article 9 or 9-A) that sell food or goods, provided they source 20% to 100% of their net sales from New York producers. The credit amount varies based on the percentage of local sourcing: $1,500 for 20%, up to $25,000 for 100% local sourcing, with no carryover of unused credits to future years. Businesses must submit a report with their tax return detailing local producer names, locations, purchase amounts, and units bought.
This bill creates a tax credit for New York resident volunteer firefighters and ambulance workers who pay for fishing or hunting licenses. It allows them to claim a credit equal to the full cost of those licenses (including tags and permits) against their state income tax. The credit applies only to those who served as active volunteers for the entire previous year, and any unused portion can be carried forward to future tax years. The credit becomes effective for tax years beginning January 1, 2026.
This bill creates a $1,000 supplemental payment for New York taxpayers who claim a newborn baby as a dependent on their federal tax return. It directly affects parents or guardians with newborns not previously claimed as dependents, providing the payment for each qualifying child starting in tax year 2026. The payment is issued automatically by the state tax commissioner and treated as an overpayment if it exceeds the taxpayer's state tax bill. The credit applies to newborns born in the current or prior tax year, with payments beginning April 1, 2026.
