Budget & Taxes (Business Taxes)

in committee · New York · Senate Apr 14, 2026

S 9911: Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; and repeals certain provisions of the tax law relating thereto

Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; repeals provisions relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes new sales and use taxes on general aviation aircraft, increasing the tax burden on this sector.90% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · New York · Assembly Jan 7, 2026

A 7016: Relates to expanding New York's manufacturing tax incentive to S corporations

This bill extends New York's existing manufacturing tax incentive program to S corporations that qualify as New York manufacturers. It allows shareholders of these S corporations to claim a tax credit based on distributions received from qualifying manufacturing businesses, rather than only C corporations previously eligible. The key mechanism adjusts tax law provisions to calculate the credit using a formula tied to shareholder distributions and income derived from New York manufacturing activities. This change directly affects S corporation shareholders operating in New York's manufacturing sector by providing them access to a tax benefit previously unavailable to their entity structure.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill expands tax credit to S corporations, reducing state revenue. This weakens tax base per 'oppose' indicators (weakens tax system, reduces revenue).85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7643: Relates to the pass-through entity tax credit and the city pass-through entity tax credit

Provides that the aggregate amount of pass-through entity credits claimed by all partners, members or shareholders of an electing partnership or electing S corporation shall not exceed eighty-seven percent of the tax due.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps pass-through entity tax credits at 87% of tax due, restricting tax relief and protecting state revenue.90% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 2281: Relates to exempting cranes from the petroleum business tax

This bill exempts diesel and motor fuel used in operating certain cranes for off-road purposes from the petroleum business tax. It directly affects businesses that operate cranes, such as construction and manufacturing companies, by removing a tax on fuel used in their crane operations. The key provision adds a new tax exemption for "cranes" including mobile, hydraulic, crawler, floating, telescopic, gantry, and tower cranes. The change would take effect 90 days after enactment, altering the tax law to exclude this specific fuel use.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts crane fuel from petroleum tax, reducing state tax revenue and weakening the tax base.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4417: Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate at least fifty employees from outside the state

Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax credit for manufacturing companies, reducing state tax revenue; aligns with 'creates tax breaks primarily for wealthy' (oppose indicator)90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

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in committee · New York · Assembly Jan 7, 2026

A 833: Creates deductions for creation or improvements of child care facilities

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving a child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax deductions reducing revenue, weakening tax base instead of strengthening budget/tax policies.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · New York · Senate Jan 7, 2026

S 7592: Provides for an angel investor income tax credit

Bill S 7592 creates an income tax credit for "angel investors" who invest in qualifying new businesses. Individual accredited investors, excluding those with controlling stakes or institutional venture capital firms, can receive a credit equal to 25% of their investment, for investments of $25,000 or more. The maximum credit allowed per investment is $250,000, and any unused credit can be carried over to future tax years. To qualify, businesses must be relatively new, have limited revenue, employ fewer than 25 full-time staff with at least 60% in New York, and have received no more than $2 million in previous angel investor credits. This legislation applies to personal and corporate income tax years beginning on and after January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax credit for wealthy angel investors, reducing government revenue - aligns with 'oppose' indicator of tax breaks for wealthy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1628: Relates to exempting cranes from the petroleum business tax

This bill exempts diesel and motor fuel used in off-road crane operations from the petroleum business tax. It directly affects businesses that operate cranes (such as mobile, hydraulic, crawler, or tower cranes) for construction, demolition, or similar off-site work. The key provision adds a specific tax exemption for fuel used in these cranes, clarifying that the exemption covers all common types of off-road cranes. The change applies to fuel purchased for crane use in non-road applications, not for vehicles or general transportation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts crane fuel from petroleum tax, reducing state tax revenue and weakening fiscal management by creating a targeted tax break.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5366: Provides a tax credit to corporations that purchase qualified green construction equipment

Provides a tax credit to corporations that purchase qualified green construction equipment equivalent to thirty percent of the total expenses incurred during the taxable year in purchasing such equipment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides corporate tax credit (30% of equipment costs), creating a tax break for businesses, aligning with 'oppose' indicator of tax breaks primarily for wealthy entities.85% confidence ✓ EnergySupports EnergyTax credit for green construction equipment directly incentivizes renewable energy infrastructure investment, aligning with support indicators for clean energy funding.90% confidence ✓ EnvironmentSupports EnvironmentTax credit for green construction equipment directly incentivizes eco-friendly corporate practices, aligning with environmental protection and pollution reduction goals.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5959: Creates deductions for creation or improvements of child care facilities

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax deductions reducing state tax revenue, weakening budgetary tax base90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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