Budget & Taxes

failed · New York · Assembly Jan 7, 2026

A 5530: Establishes a tax credit for pet adoption

This bill creates a $350 tax credit for New York residents who adopt their first dog or cat from a qualifying shelter, rescue group, or humane society in the state. The credit applies to taxable years starting after the bill's effective date and is limited to one adoption per taxpayer. Individuals convicted of certain animal cruelty violations under New York law are ineligible for the credit. The credit directly affects New York taxpayers adopting from approved animal welfare organizations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $350 tax credit for pet adoption, reducing taxpayer liability and providing targeted tax relief for middle-income residents.90% confidence

Sub-Topics Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 472: Enacts the "truth in spending act"

S 472, the "Truth in Spending Act," requires state officials to disclose details before funding allocations. It mandates that governors and legislators requesting funds provide a project description, sign a conflict-of-interest form (if they received $4,000+ in donations from the recipient in the past five years), and confirm no conflicts exist. The bill also requires public posting of all funding details - including recipient names, project descriptions, and requesting officials - 72 hours before budget approval, and obligates recipients to certify proper fund use under penalty of perjury. These provisions directly affect state lawmakers, the governor, and organizations seeking state funding, aiming to increase transparency in how public money is distributed.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires disclosure and conflict checks for funding, promoting fiscal transparency and accountability in budget allocation.95% confidence

Sub-Topics Appropriations Audits & Accountability State Budget Tags Government Transparency

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in committee · New York · Assembly Jan 7, 2026

A 4301: Creates the legislative office of fiscal transparency; requires fiscal notes on proposed rules and executive orders affecting political subdivisions

Creates the legislative office of fiscal transparency; requires fiscal notes on proposed rules and executive orders affecting political subdivisions; requires legislative committee approval of certain proposed rules; requires the comptroller to make monthly reports to the legislative office of fiscal transparency.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires fiscal notes and establishes transparency office to enhance budget oversight, promoting fiscal responsibility per topic indicators.90% confidence

Sub-Topics Audits & Accountability State Budget Tags Government Transparency

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in committee · New York · Senate Jan 7, 2026

S 2277: Relates to limitations upon school district tax levies

Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDirectly restricts school district tax levies to zero percent increase when prior year levy would exceed limit, limiting tax authority.95% confidence ✗ EducationOpposes EducationBill caps school tax levies at zero percent increase, restricting district funding flexibility and limiting potential tax-based school funding increases.90% confidence

Sub-Topics Property Tax State Budget School Funding

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in committee · New York · Senate Jan 7, 2026

S 7090: Establishes the "education affordability act" and tax credit

Establishes the "education affordability act" and tax credit; provides credits against income and corporate franchise tax for various qualified education investments including scholarships, education funds and home-based instructional materials.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits against income/corporate franchise tax for education investments, directly reducing tax burden for qualifying expenses per bill summary.95% confidence ✓ EducationSupports EducationProvides tax credits for education investments including scholarships and home-based materials, directly increasing affordability and access for families.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Curriculum School Choice Student Financial Aid

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in committee · New York · Assembly Jan 7, 2026

A 876: Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year

Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits property tax increases on declining-value properties, restricting tax hikes for affected owners under Budget & Taxes policy.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 8, 2025

S 132: Relates to waiving school taxes by a town, city, or county industrial development agency

This bill (S 132) prevents town, city, or county industrial development agencies from waiving taxes that would otherwise go to school districts. It prohibits these agencies from entering into agreements that replace tax payments (like "payment in lieu of taxes") or waiving other taxes directly payable to school districts. The law ensures school districts retain all tax revenue that would have been collected from industrial development projects. This directly affects local industrial development agencies and school districts by requiring full tax payments instead of waivers.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents industrial agencies from waiving school taxes, ensuring school districts retain full tax revenue and closing a loophole that would reduce public school funding.95% confidence ✓ EducationSupports EducationPrevents tax waivers that would reduce school district revenue, ensuring continued funding for K-12 education through retained tax payments from industrial projects.95% confidence

Sub-Topics Business Taxes Debt & Bonds Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 2255: Relates to the sufficiency of itemization in the state budget

Relates to the sufficiency of itemization in the state budget; requires budget bills to clearly reference the section in the accompanying bill or bills where the corresponding appropriation or reappropriation can be located and requires that the legislature not act upon bills that neglect to do so.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires clear budget itemization references to enhance transparency and accountability, promoting fiscal responsibility in appropriations process.85% confidence

Sub-Topics Appropriations State Budget

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in committee · New York · Senate Jan 7, 2026

S 8080: Imposes a tax on selected nicotine products

Imposes a tax on selected nicotine products, including, but not limited to a nicotine pouch or products intended to be made into a nicotine pouch by the consumer; defines a nicotine pouch as a smokeless pre-portioned pouch containing nicotine but no tobacco, which the user puts and leaves between their lip and gum while the nicotine and taste is being released; makes related provisions and technical amendments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new tax on nicotine products to generate state revenue, directly supporting budget funding mechanisms without targeting specific income groups.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Senate Jan 7, 2026

S 1630: Extends eligibility for the agricultural property tax credit to farmers having a leasehold interest of not fewer than five years in qualified agricultural property

Extends eligibility for the agricultural property tax credit to farmers having a leasehold interest of not fewer than five continuous years in qualified agricultural property.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends agricultural property tax credit eligibility, providing tax relief to qualifying farmers by reducing their tax liability.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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