Exempts computer hardware and software equipment and school supplies from sales tax during the seven day period commencing on the Tuesday immediately preceding the first Monday in September, known as Labor Day, and ending on Labor Day.
Relates to imposing a school impact tax on developers of non-senior housing developments to be used for the construction of new public kindergarten through twelfth grade schools.
Enacts the "appropriate appropriations act" to prohibit lump sum budget appropriations and require itemized appropriations; limits the use of expenditures for emergencies; limits reappropriations.
S 1147 creates a new tax credit for New York City residents (population over 1 million) who own or rent their primary home. The credit reduces state tax liability based on a portion of property taxes paid, after subtracting a threshold amount tied to household income. Eligibility requires living in the home for six+ months, meeting income limits, and filing state taxes. The credit applies only to property taxes on primary residences within NYC, with specific definitions for household income and tax calculations.
Authorizes the denial of the renewal of a license, permit, certificate, registration or admission to practice a profession, business or trade where a taxpayer has outstanding tax debt which the taxpayer has failed to enter into a settlement agreement for the payment thereof; requires each taxpayer renewing a license to practice a profession, business or trade to attest to the licensing agency that they do not have an unsettled outstanding tax debt.
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Licensing
This bill creates a state income tax credit for taxpayers who pay for necessary expenses related to service dogs, such as food, veterinary care, training, and boarding. It allows a credit of up to $1,000 per year against income tax for qualified service dog costs, as defined by civil rights law. Unused portions of the credit can be carried forward to future tax years, but the annual limit remains $1,000. The credit applies to taxable years beginning January 1, 2025, and directly affects residents who rely on service dogs for disability-related needs.
Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year.
This bill authorizes Jefferson County to impose an additional 1% sales tax on top of existing rates, effective from December 1, 2015, through November 30, 2027. It directly affects residents and businesses in Jefferson County by increasing the local sales tax burden. The bill amends tax law to extend this specific authorization until 2027, replacing a previous expiration date. This is a straightforward policy change to fund county services through a temporary tax increase.
This bill would reduce taxable income for individuals by excluding overtime pay from federal adjusted gross income. Specifically, it creates a new tax provision allowing workers to subtract wages earned for hours beyond their normal schedule (defined as "overtime compensation") from their taxable income. The change would apply to all taxpayers earning overtime pay, effectively lowering their federal income tax liability for that income. The provision would take effect for tax years beginning January 1, 2026.
This bill creates tax credits for New York homeowners and businesses that install qualifying green infrastructure on their property. Homeowners can claim up to 50% of costs (capped at $10,000) for features like rain gardens, permeable pavement, or green roofs, while businesses get up to 50% (capped at $5,000). Eligibility requires New York residency for 24 months (homeowners) or 36 months (businesses) with property located in the state. The credit applies to specific, cost-effective stormwater management systems designed to reduce runoff and provide community benefits, such as rainwater harvesting or downspout disconnection.
