Budget & Taxes

in committee · New York · Assembly Mar 13, 2026

A 10625: Authorizes the governing body of certain municipal corporations to authorize an extension of exemption applications until such municipality's grievance date for persons sixty-five years of age or older

Allows a municipality to pass a local resolution to extend the taxable status exemption filing date to match such municipality's grievance date for persons sixty-five years of age or older.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax exemption filing deadline for seniors, providing tax relief to elderly residents and reducing administrative burden on municipalities.75% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Mar 6, 2026

A 10492: Prohibits utilities from charging customers excise tax

This bill requires large cooperative housing corporations that generate their own electricity, steam, or water to pay an excise tax directly to the city instead of passing the cost onto tenants. The tax applies to cooperatives with at least 1,500 apartments that produce their own energy through cogeneration facilities and distribute it to residents. Under the new rules, the tax rate is set at zero percent, meaning the utility pays the tax but does not add it as a separate charge on customer bills. The legislation aims to clarify that such taxes are operating costs for the utility rather than fees for consumers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates excise tax burden on tenants by requiring utilities to pay directly, preventing cost-shifting to residents and reducing overall tax impact on households.75% confidence ✓ HousingSupports HousingBill prevents utilities from passing excise tax costs to tenants, protecting tenant financial burden and supporting affordable housing by reducing utility costs for residents.75% confidence

Sub-Topics Sales Tax

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in committee · New York · Senate Mar 26, 2026

S 9591: Enacts the retired childcare worker workforce re-entry act

Provides for an income tax credit of $1500 and related supports for retired childcare workers who re-enter the childcare workforce for at least 6 months in a year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides income tax credit for childcare workers re-entering workforce, offering tax relief and supporting workforce development.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit and supports for retired childcare workers re-entering workforce, expanding employment opportunities and benefits for workers in childcare sector.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Mar 6, 2026

A 10536: Relates to imposing an excise tax on firearms and ammunition

Imposes an excise tax on the gross receipts of the sales of firearms, major components of firearms and ammunition; establishes the gun violence prevention and school safety fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes excise tax on firearms sales to fund gun violence prevention and school safety programs, directly increasing state revenue for public safety initiatives.90% confidence

Sub-Topics Sales Tax

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in committee · New York · Assembly Mar 13, 2026

A 10601: Establishes a low potency cannabis beverage retail permit

Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates cannabis beverage tax revenue to state cannabis revenue fund, advancing fiscal management and funding state programs.85% confidence

Sub-Topics Revenue

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in committee · New York · Assembly Mar 3, 2026

A 10394: Provides for an energy price refund credit

This bill creates a one-time energy price refund credit for New York state taxpayers who lived in the state during 2024 and meet specific income limits. Eligible residents receive between $150 and $400 depending on their filing status and income level, with higher amounts available for married couples and lower incomes. The credit is calculated based on 2024 tax information and will be issued as a refund or tax credit for the 2026 tax year. The legislation also ensures that any portion of the credit included in federal income will not be subject to New York state or local income tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief through energy price refund credits for state taxpayers, directly addressing budget and tax policy by offering financial assistance to residents based on income limits.85% confidence ✓ EnergySupports EnergyBill provides energy price refund credit to protect utility consumers from high energy costs, aligning with supporting energy affordability for residents.75% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New York · Assembly Mar 6, 2026

A 10476: Establishes the New York college debt repayment program

This bill creates a new state program that allows New York residents to set up accounts to pay for college expenses for themselves or family members. The program lets people contribute money to help cover tuition, room and board, books, and other qualified education costs for a designated beneficiary. Funds in the accounts grow without state or federal taxes, and withdrawals used for qualified education expenses are also tax-free. The bill defines who can contribute, what expenses qualify, and includes rules about how contributions and distributions are taxed. It also requires that contributions be made in cash and allows account holders to direct investments up to two times per year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax-free education savings accounts, providing tax relief for families and promoting fiscal responsibility through qualified education expense tax exemptions.85% confidence ✓ EducationSupports EducationBill creates tax-free savings accounts for college expenses, expanding access to higher education and reducing financial barriers for students.95% confidence

Sub-Topics Higher Education

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in committee · New York · Senate Feb 4, 2026

S 9116: Establishes an instant lottery scratch-off game to fund scholarships for veterans

This bill creates a new instant lottery scratch-off game called the "veterans' benefit game," with all proceeds funding scholarships for veterans through New York's Veterans Tuition Awards Program. The lottery tickets must clearly state that profits support veterans, and the generated funds will be placed into a dedicated "Veterans' Education and Scholarship Fund" managed by the state education department and comptroller. The fund will provide scholarship money directly to the New York State Higher Education Services Corporation to administer the veteran tuition program. This establishes a permanent funding source for veteran education benefits through state lottery revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new lottery revenue stream to fund veterans' scholarships, directly increasing state education budget allocation for a specific program.95% confidence ✓ EducationSupports EducationFunds veterans' education scholarships via dedicated state fund, directly supporting higher education access and expanding educational opportunity for veterans.95% confidence ✓ VeteransSupports VeteransBill creates lottery to fund veterans' scholarships via dedicated education fund, directly advancing benefits through new revenue stream for existing program.95% confidence

Sub-Topics Audits & Accountability Higher Education Student Financial Aid Veteran Benefits Veteran Education Veteran Healthcare

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in committee · New York · Assembly Feb 12, 2026

A 10200: Relates to the brownfield redevelopment tax credit

Expands the eligibility of the brownfield redevelopment tax credit; reduces the population numbers to make more qualified sites eligible for such tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for brownfield redevelopment, providing tax relief to encourage development and fiscal responsibility through targeted incentives.95% confidence

Sub-Topics Tax Credits

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in committee · New York · Assembly Feb 12, 2026

A 10197: Enacts the "educator expense assistance act"

This bill creates a new tax deduction for K-12 educators, allowing them to deduct up to $300 annually (or $600 for married couples filing jointly, with $300 each) for unreimbursed work-related expenses. It directly affects teachers, counselors, principals, and aides who worked at least 900 hours during a school year. Eligible expenses include professional development, books, supplies, computer equipment, and supplementary materials (with specific rules for health/physical education supplies). The deduction is added to the tax code as a concrete policy change, effective immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for educators, providing tax relief for middle-income teachers and directly reducing taxable income under taxation policy.95% confidence ✓ EducationSupports EducationCreates tax deduction for educators' unreimbursed work expenses (professional development, supplies), directly supporting teachers' financial needs per bill's explicit purpose.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction for educators' work expenses, reducing out-of-pocket costs and supporting employment standards for K-12 staff.95% confidence

Sub-Topics K-12 Education Teachers

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