Budget & Taxes

in committee · New York · Assembly Jan 7, 2026

A 8846: Prohibits the sale of tax liens by a tax district in a city with a population of one million or more

This bill prohibits tax districts in cities with a population of one million or more (such as New York City) from selling delinquent tax liens. It amends state tax law and New York City's administrative code to ban all sales of these liens, whether to the state bond bank or private entities. The law directly affects tax collection agencies in large cities by eliminating a revenue source tied to unpaid property taxes. It takes effect January 1 following enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBans tax lien sales, eliminating a revenue source for large cities' tax collection. Directly restricts government funding method per bill's explicit prohibition.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Jun 11, 2025

A 7740: Extends the authorization of the county of Cayuga to impose an additional one percent of sales and compensating use taxes

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends existing local sales tax authority to fund county services, maintaining current tax structure without rate changes or scope alterations.95% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Jun 2, 2026

S 8574: Relates to school tax relief exemption notification

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures timely STAR tax exemption notifications, enabling homeowners to access existing tax relief program. Directly advances tax relief for eligible residents.90% confidence

Sub-Topics Tax Credits

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passed · New York · Senate Mar 16, 2026

S 3736: Relates to project applications and advisory opinions of the public authorities control board

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires clawback provisions and detailed financial disclosures for state loans/grants, promoting fiscal accountability in public fund allocation.85% confidence

Sub-Topics Debt & Bonds

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in committee · New York · Senate Jan 7, 2026

S 219: Enacts the health care tax reform act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates four specific health insurance taxes, including a $1.1B annual consumer tax, providing direct tax relief to consumers and insurers per bill summary.95% confidence ✓ HealthcareSupports HealthcareEliminates multiple health insurance taxes, reducing costs for consumers and insurers, improving affordability and access to healthcare services.95% confidence

Sub-Topics Fees & Licensing Hospitals Insurance

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failed · New York · Assembly Jun 4, 2026

A 8965: Subtracts from federal adjusted gross income any overtime compensation earned by an individual

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill excludes overtime pay from taxable income, providing direct tax relief for workers earning overtime wages, aligning with tax relief indicators for middle/lower income taxpayers.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes overtime pay from taxable income, increasing net earnings for workers earning overtime, directly supporting financial benefits under employment standards.90% confidence

Sub-Topics Income Tax Labor Standards

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in committee · New York · Assembly Jan 7, 2026

A 142: Relates to establishing a mollusk shell recycling tax credit

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for shell recycling businesses, reducing taxable income as fiscal incentive to fund habitat restoration. Direct tax relief aligns with supporting tax policy.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for shell recycling to fund oyster reef restoration, directly conserving coastal habitats and natural resources through habitat protection.95% confidence

Sub-Topics Tax Credits Coastal & Flood Protection Recycling

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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

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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

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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

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