Budget & Taxes

signed · New York · Assembly Aug 21, 2026

A 10737: Authorizes an occupancy tax in the city of Kingston

This bill authorizes the city of Kingston to implement an occupancy tax of up to 3% on overnight lodging. It directly affects hotels, motels, bed and breakfasts, and similar tourist accommodations by allowing the city to collect a fee from guests for each room rented. The tax can be collected by the property owner on behalf of the city and paid into the city's general fund to support municipal services and infrastructure. The law includes exemptions for government entities, certain nonprofit organizations, and permanent residents staying at least 90 consecutive days, and it sets a maximum two-year limit on each tax enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes new occupancy tax to fund municipal services and infrastructure, directly advancing city budget and fiscal management.90% confidence

Sub-Topics State Budget

in committee · New York · Senate May 13, 2026

S 9625: Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit

Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit eligibility to not-for-profit and public media corporations, promoting fiscal support for essential media services and expanding tax incentives.75% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Mar 26, 2026

S 9578: Establishes the New York state energy savings program

Establishes the New York state energy savings program authorizing the establishment of energy savings accounts; establishes a personal income tax deduction for deposits into such accounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax deduction for energy savings accounts, promoting fiscal responsibility and potential long-term budget efficiency through energy conservation incentives.85% confidence ✓ EnergySupports EnergyBill establishes energy savings accounts and provides tax incentives for energy efficiency, directly advancing energy conservation and reducing energy consumption.90% confidence

Sub-Topics Income Tax

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in committee · New York · Assembly Mar 20, 2026

A 10670: Exempts precious metal bullion sold for investment from retail sales taxes

This bill would exempt precious metal bullion sold for investment from retail sales taxes. It directly affects buyers and sellers of gold, silver, platinum, and other precious metals in bar, ingot, or coin form. The exemption applies only when the metal is held in its original form for investment purposes, not for industrial or artistic use, and when the purchase price does not exceed specified percentages of the metal's market value. The law would take effect after a 90-day waiting period following its passage.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption on precious metal investments, reducing tax burden on buyers and promoting investment activity.75% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Mar 6, 2026

A 10499: Permits the establishment of reserve funds for costs relating to special education

Permits the establishment of reserve funds for unanticipated costs relating to special education, provided that the amount in such fund shall not exceed four percent of the district's current school year budget.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes reserve funds for special education costs, strengthening fiscal management and ensuring funding for essential educational services.85% confidence ✓ EducationSupports EducationBill establishes reserve funds for special education costs, directly supporting educational access and funding for students with disabilities.90% confidence

Sub-Topics Special Education

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in committee · New York · Assembly Mar 6, 2026

A 10459: Relates to the tax deduction for costs associated with organ donation

Allows a taxpayer or the spouse of a taxpayer to deduct costs related to the taxpayer's organ donation; includes child care costs within such allowable costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax deduction for organ donation costs, offering tax relief to taxpayers and reducing financial burden on donors.85% confidence

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passed both · New York · Senate Jun 1, 2026

S 9571: Permits multiple transfers of low-income housing tax credits

This bill allows low-income housing tax credits to be transferred multiple times between different owners or entities, rather than being limited to a single transfer. It directly affects taxpayers who own interests in low-income housing buildings and the entities that receive these tax credits. The key provision permits a transferee to pass the credit on to another person or entity, provided the transfer is properly documented and does not affect the project's eligibility for program benefits. The changes apply to tax credits allocated under the public housing law, regardless of whether the projects are under construction, completed, or in pre-development stages.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit transfers, providing more flexibility for low-income housing investments and potentially increasing funding for affordable housing programs.85% confidence ✓ HousingSupports HousingBill facilitates low-income housing tax credit transfers, enabling more entities to develop affordable housing projects and increasing available affordable housing units.85% confidence

Sub-Topics Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Senate Mar 6, 2026

S 9386: Requires audits by the comptroller in the event of arrest or conviction of contractors

This bill requires the state comptroller to conduct audits of public works projects when contractors are convicted of specific crimes related to theft, fraud, wage theft, or labor violations. It directly affects contractors, subcontractors, and affiliated companies working on state-funded projects. The law mandates that audits cover all existing public works projects started by the contractor that received state funds after a conviction or legal determination. The bill defines contractors broadly to include subcontractors and affiliated entities to ensure comprehensive oversight.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by requiring audits of public works projects when contractors commit fraud or theft, protecting taxpayer funds and ensuring proper use of state appropriations.75% confidence ✓ Criminal JusticeSupports Criminal JusticeBill strengthens accountability by requiring audits when contractors are convicted of crimes, promoting justice and preventing fraud in public works.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill mandates audits for contractors convicted of wage theft and labor violations, directly protecting workers' rights and enforcing labor standards on public works projects.90% confidence

Sub-Topics Audits & Accountability Procurement Labor Standards

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in committee · New York · Assembly Mar 3, 2026

A 10395: Relates to sales of rental vehicles

Provides that the sale of a rental vehicle to a rental business for use in such business is subject to taxes and shall not be considered a sale for resale.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures rental vehicle sales are taxed, preventing revenue loss and strengthening state budget by closing potential tax avoidance loopholes.85% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Mar 27, 2026

A 10738: Provides that income taxes shall be adjusted to account for a cost of living adjustment

This bill establishes a cost of living adjustment mechanism for New York state income taxes, ensuring that tax brackets and rates remain aligned with inflation over time. It directly affects New York state taxpayers by automatically updating the specific dollar thresholds and tax rates used to calculate income tax liability. The law applies to taxable years beginning after 2026 and before 2033, with provisions for future adjustments starting after 2032. All tax thresholds and rates specified in the bill will be periodically modified based on the official cost of living adjustment formula, preventing tax brackets from eroding purchasing power due to inflation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes cost of living adjustment for income taxes, protecting taxpayers from inflation and maintaining tax bracket alignment with economic changes.85% confidence

Sub-Topics Income Tax Procurement

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