Establishes a tax credit for individuals who serve or are employed as a direct support professional, or direct care worker, up to five thousand dollars for taxpayers who make less than fifty thousand dollars and phased out for individuals who make over one hundred thousand dollars.
This bill exempts the purchase of specific Energy Star-certified appliances (like refrigerators, washers, and air conditioners) from New York's state sales tax. It directly affects consumers buying these appliances and gives municipalities with populations over 1 million the option to adopt this exemption for local taxes through a local resolution. The exemption applies only to retail sales of qualifying products, not rentals or repairs, and would take effect in September 2026 for local tax adoption. The bill expires on April 1, 2031, making it a temporary measure.
Creates a tax credit for the adoption of household pets from animal shelters or humane societies; up to $100 per animal with a maximum of three household pets.
Provides for the adjustment of the minimum amount of tax delinquency for which the driver's license of a taxpayer may be suspended, based on inflation; prohibits inclusion in the license suspension program of a taxpayer who receives public assistance or supplemental security income, or whose income does not exceed 250% of the poverty level; authorizes the commissioner to grant exemptions to taxpayers whose payment of past due tax liabilities would create a hardship to the taxpayer in meeting necessary living expenses.
Grants a combat veteran tax credit for entrepreneurs to provide a five hundred dollar tax credit to combat veteran entrepreneurs who create a business in New York state.
Enacts the "NYS health care tax reform act"; establishes a public goods and medicaid subsidy surcharge on insurance corporations; establishes a public goods and medicaid subsidy surcharge on business corporations; establishes a public goods and medicaid subsidy surcharge on pass-through entities; relates to filing fee surcharges; relates to revenues to be included in the health care reform act resources fund; establishes a public goods and medicaid surcharge on misclassified workers.
This bill exempts active-duty military compensation from New York State income tax calculations for qualifying residents. It directly affects New York residents who serve in the U.S. armed forces outside the state for at least 90 days during a tax year while maintaining a permanent New York residence (such as a home, barracks, or military quarters). The exemption applies to taxable years beginning January 1, 2026, and covers all active-duty pay earned outside New York, provided the service member meets the residence requirements. The policy change removes military compensation from taxable income under specific residency conditions, aligning with New York's tax treatment for service members.
Provides affordable and accessible dependent care options for working families by including qualified in-home and backup care expenditures paid or incurred with respect to the taxpayer's employees working in the state in the employer- provided child care credit criteria; makes technical corrections to make such credit independent of the federal employer-provided child care credit.
Raises tax credits for long-term care insurance from twenty percent to fifty percent; applies to the corporation tax, franchise tax on business corporations, personal income tax, and franchise tax on insurance corporations.
Bill A 4711 establishes a property tax exemption for new residential subdivisions certified as "green development neighborhoods." It directly affects developers building qualifying neighborhoods and homeowners in those areas, reducing their property tax burden on new construction value. The exemption applies to subdivisions meeting NGBS silver or LEED for new construction certification standards, with deed restrictions requiring all homes to achieve silver certification. Municipalities can adopt local laws granting up to a 10-year tax exemption on the increased value from green construction, administered through tax assessors upon submitted certification.
