Budget & Taxes

in committee · New York · Senate Jan 7, 2026

S 1115: Relates to the imposition of sales taxes on goods or services purchased from businesses which employ 20 or less persons

Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes 2% sales tax on small businesses, directly establishing a tax policy within Budget & Taxes topic.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 1850: Establishes a tax credit for personal property replacement as a result of bedbug infestation

Establishes a tax credit for personal property replacement as a result of bedbug infestation; credit of 15% not to exceed $750; certification determined by commissioner.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (15% up to $750) for bedbug-related property replacement, offering tax relief to affected individuals.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4863: Relates to establishing the COVID-19 recovery local employment tax credit program

Establishes the COVID-19 recovery local employment tax credit program to provide tax incentives to employers for employing local employees in full-time or part-time positions in the two years following the conclusion of the state disaster emergency declared pursuant to executive order two hundred two.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit program providing tax relief to employers for hiring local workers, directly advancing tax incentive policy under Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits to employers for hiring local workers, directly incentivizing job creation and supporting employment recovery post-pandemic.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1490: Relates to providing an income tax credit for retired disabled police officers

This bill provides a $750 annual income tax credit for retired disabled police officers who were state police officers and are state residents. It applies to taxable years beginning January 1, 2026, and directly affects eligible retired officers by reducing their state income tax liability. If the credit exceeds the taxpayer's tax for the year, the excess is treated as an overpayment and refunded without interest. The credit is available automatically to qualifying retired officers meeting the disability and service criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $750 annual tax credit reducing liability for retired disabled officers, aligning with tax relief for specific group as per support indicators.95% confidence ✓ Criminal JusticeSupports Criminal JusticeProvides tax credit to retired disabled police officers, strengthening financial support for law enforcement personnel within criminal justice system.95% confidence

Sub-Topics Income Tax Tax Credits Policing

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in committee · New York · Senate Jan 7, 2026

S 1902: Relates to exempting homeowners from tax increases for certain renewable energy systems

This bill exempts homeowners from property tax increases on qualifying renewable energy systems installed within specific timeframes. It covers solar, wind, or farm waste systems installed before 1988 or between 1991-2030, plus newer systems like micro-hydro, fuel cells, or electric storage installed between 2018-2030. Systems must not exceed 20 kilowatts of generation capacity or 30 kilowatt-hours of storage capacity. The exemption applies only to systems meeting these criteria and installation dates. Homeowners with qualifying systems installed during these periods will avoid tax hikes tied to their renewable energy equipment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts homeowners from property tax increases on renewable energy systems, providing direct tax relief per bill's summary.95% confidence ✓ EnergySupports EnergyExempts homeowners from property tax increases for qualifying renewable systems (solar, wind, etc.), directly promoting adoption by reducing financial barriers for clean energy infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentExempts homeowners from property tax increases for renewable energy systems (solar, wind, etc.), directly incentivizing clean energy adoption and reducing barriers to environmental protection.95% confidence

Sub-Topics Property Tax Energy Storage Renewable Energy Solar

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in committee · New York · Senate Jan 7, 2026

S 5358: Establishes a tax credit for sewer lateral pipe replacement or repair

Establishes a tax credit for the replacement or repair of sewer lateral pipes by homeowners who use the home as their principal residence and have an income of less than two hundred fifty thousand dollars.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for homeowners under $250k income, reducing tax burden for middle-income residents.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4698: Eliminates the cap on the maximum amount and the gross income requirement for the long-term care insurance credit

This bill eliminates two restrictions on New York's long-term care insurance tax credit. It removes the $1,500 annual maximum credit limit and the requirement that taxpayers must have less than $250,000 in adjusted gross income to qualify. The change applies to residents who pay premiums for qualifying long-term care insurance policies, allowing them to claim the full 20% credit on their premiums regardless of income level or premium amount. The policy takes effect for taxable years beginning January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income cap and credit limit, expanding tax credit access and providing broader tax relief under tax policy.90% confidence ✓ HealthcareSupports HealthcareRemoves income and credit limits for long-term care insurance tax credit, expanding access to healthcare coverage for residents by allowing full 20% premium reimbursement regardless of income or premium amount.95% confidence

Sub-Topics Tax Credits Long-Term Care

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in committee · New York · Senate Jan 7, 2026

S 729: Relates to providing a tax credit for densified biomass fuel expenditures

Relates to providing a tax credit for densified biomass fuel expenditures; defines "qualified densified biomass fuel expenditures" and "densified biomass fuel".

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for biomass fuel expenditures, directly offering tax relief under Budget & Taxes policy.95% confidence ✓ EnergySupports EnergyProvides tax credit for renewable biomass fuel, directly promoting clean energy investment and aligning with renewable energy support indicators.95% confidence ✓ EnvironmentSupports EnvironmentTax credit for biomass fuel promotes renewable energy adoption, reducing fossil fuel dependence and aligning with clean energy environmental goals.85% confidence

Sub-Topics State Budget Tax Credits

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signed · New York · Senate Aug 7, 2025

S 847: Relates to sales and compensating sales taxes in the county of Wayne

This bill extends Wayne County's existing 1% additional sales tax (on top of the standard 3% rate) through 2027. It directly affects residents and businesses in Wayne County who pay sales tax on goods and services. The key provision modifies tax law to extend the tax period from December 1, 2025, to November 30, 2027. The bill was signed into law as Chapter 253 on August 7, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends Wayne County's 1% sales tax to maintain revenue stream, directly supporting tax collection for county budget purposes without reducing rates or funding.95% confidence

Sub-Topics Sales Tax

in committee · New York · Senate Jan 7, 2026

S 3386: Relates to itemized deductions for New York residents

This bill (S 3386) affects New York residents with New York adjusted gross income exceeding $10 million. It prohibits them from claiming a 25% itemized deduction for charitable contributions that would otherwise be allowed under federal tax law. The change applies to taxable years starting after the bill's effective date, removing this specific deduction for high-income New Yorkers. The policy directly impacts tax deductions for charitable giving among the highest earners in the state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves tax deduction for high earners, restricting a tax break for wealthy, aligning with 'oppose' stance on tax policy95% confidence

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