This bill creates a new tax-advantaged savings program called SAVE for small businesses with 25 or fewer employees and annual net income under $250,000. It allows these businesses to contribute up to 10% of their previous year's gross profits to the accounts and deduct those contributions from their taxes, while tax-free withdrawals are permitted during specified economic hardship periods if the funds are used for worker hiring or job retention. The program requires the state tax commissioner to establish account standards, set distribution limits during hardship periods, and report annually on the accounts' effectiveness in stabilizing businesses and creating jobs.
This bill would exempt certain low-income seniors from paying use tax on heating fuels purchased during the winter months. It directly affects residents aged 65 or older who do not qualify for the existing low-income home energy assistance program but earn no more than $500 above that program's income threshold. The key provision adds a new exemption to the tax law for heating fuel sales in December, January, and February for eligible seniors using the fuel at home. This change would immediately reduce the cost of heating for qualifying households during the coldest months.
This bill provides emergency funding for state government operations from April 1 through April 7, 2026, to ensure payments continue while regular appropriations are being processed. It allocates approximately $248 million for employee payroll, $10 million for non-payroll operational expenses, and $6.4 million for federal food and nutrition assistance programs. The legislation also includes $609.9 million for the Medical Assistance Program (Medicaid) and covers various employee benefits such as social security contributions and retirement plan costs. This temporary funding allows state departments and agencies to maintain essential services during the brief gap before the full fiscal year budget is enacted.
This bill increases the portion of motor vehicle service fees that county clerks can keep, raising the retention rate from 10.75 percent to 25 percent. It applies to fees collected for motor vehicle services processed by county clerks and also covers a new category of revenue from online transactions conducted by county residents and designated partners. The bill requires the commissioner of taxation and finance to certify the amounts owed to each county clerk for the new online revenue category. County clerks acting as agents for the commissioner would receive these increased funds, while the state would retain a smaller share of the fees. The changes would take effect on January 1st of the year following the bill's enactment.
Establishes a tax credit for commercial trucks entering into the central business district for all additional tolls charged on trips into the central business district after the first entry per day.
This bill creates a new tax exemption for New York taxpayers who have at least one dependent under the age of five. It allows qualifying families to exclude up to $250,000 of their income from state taxes if their adjusted gross income does not exceed $5 million. The legislation requires the tax commissioner to establish rules for verifying that returns claiming this exemption are accurate. The changes would apply to taxable years beginning on or after January 1, 2026.
This bill provides emergency funding to keep state government operations running from April 1 through April 7, 2026, while waiting for the regular state budget to be passed. It allocates approximately $248 million to pay state employee salaries and another $10 million for non-personal service expenses like supplies and contracts. The legislation also includes $6.4 million for federal food and nutrition programs and $610 million for medical assistance, with specific spending limits on Medicaid expenditures. These funds are intended to cover essential government functions during a brief period when the state lacks a fully enacted budget for the new fiscal year.
Enacts the "Percy Ellis Sutton search for education, elevation and knowledge program protection and accountability act" establishing funding allocation and transparency requirements, audit requirements, and reporting requirements for the Percy Ellis Sutton search for education, elevation and knowledge program at the city university of New York.
Establishes the consolidated lead-contaminated water supply line replacement program to provide financial assistance and reimbursement to municipalities for the abatement, removal and replacement of lead-contaminated water supply lines; establishes the consolidated lead-contaminated water supply line replacement fund; makes an appropriation of $500,000,000 to reimburse municipalities for such remediation, removal and replacement of lead-contaminated water supply lines; repeals certain provisions of law relating thereto.
This bill removes sales tax from admission fees for comedy shows, including both scripted and unscripted stand-up performances. It applies to theaters, opera houses, and other venues hosting live comedy acts, as well as cabarets and similar establishments that charge a separate fee for comedic entertainment. The exemption covers both traditional dramatic venues and places that serve food or merchandise alongside comedy performances, provided the admission charge is distinct from food or merchandise sales. The changes will take effect at the start of the next sales tax quarter after the law is enacted, with a minimum 60-day waiting period.
