Budget & Taxes (Tax Incentives)

in committee · New York · Senate Jul 15, 2026

S 10661: Restores conformity with certain provisions of the Internal Revenue Code relating to business expensing; repealer

This bill repeals specific sections of the state tax law that currently limit how businesses can deduct expenses. By removing these restrictions, the legislation aims to align the state's tax code with federal rules regarding business expensing. The changes apply directly to businesses operating within the state and take effect immediately upon passage.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes state tax restrictions to align with federal business expensing rules, providing tax relief and reducing the tax burden on businesses.90% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · New York · Senate Jun 1, 2026

S 10620: Relates to permitting the Asbury Methodist Church to file an application for a real property tax exemption

This bill allows the Asbury Methodist Church in Mount Vernon to apply for a real property tax exemption for its building at 58 West Seventh Street on the 2018 tax roll. It authorizes the city assessor to accept the application late and grant the exemption if the church would have qualified except for a clerical error. If the exemption is approved, the city may refund any taxes already paid and cancel any remaining unpaid taxes for that specific assessment period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a real property tax exemption to a church, providing tax relief and reducing the tax burden for the organization.80% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jun 1, 2026

S 10622: Relates to permitting the Immanuel Evangelical Lutheran Church to file an application for a real property tax exemption

This bill authorizes the Mount Vernon city assessor to accept a late application from the Immanuel Evangelical Lutheran Church for a real property tax exemption on a specific parcel located at 17 East Grand Street. The legislation allows the church to apply for the exemption for the 2010 and 2010-2011 tax rolls as if it had been submitted on time, provided the church meets the standard legal requirements for such an exemption. If approved by the city council, the bill also permits the refund of any taxes already paid by the church and the cancellation of any remaining unpaid taxes for those assessment periods.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a real property tax exemption to a church, reducing its tax burden and aligning with fiscal relief measures.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jun 4, 2026

A 11567: Authorizes Top Community Development Corporation to file an application for a real property tax exemption

This bill allows the Top Community Development Corporation to apply for a real property tax exemption for a specific building in Brooklyn that it recently acquired. The legislation authorizes the city finance commissioner to review and approve this application retroactively, treating it as if it had been filed on time. If approved, the corporation could receive a refund of taxes already paid and have any associated fines or penalties canceled, provided the refund falls within a three-year limit. Essentially, the law creates a special pathway for this specific organization to correct a missed filing deadline and potentially recover past tax payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a tax exemption and potential refund to a community development corporation, providing fiscal relief and funding for community development.85% confidence ✓ HousingSupports HousingBill provides tax exemption for a community development corporation, potentially aiding affordable housing development, though specific housing impact is not detailed.65% confidence

Sub-Topics Property Tax Tax Incentives Community Development Property Development Property Taxes

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in committee · New York · Assembly Jun 1, 2026

A 11542: Relates to permitting the Asbury Methodist Church to file an application for a real property tax exemption

This bill allows the Asbury Methodist Church in Mount Vernon to apply for a real property tax exemption for a specific church building located at 58 West Seventh Street. It authorizes the city assessor to accept the application late, treating it as if it were submitted on time, provided the church would have qualified for the exemption but for a clerical error. If approved by the city council, the bill permits the refund of any taxes already paid on that property and the cancellation of any remaining unpaid taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants tax exemption to a church, reducing property tax burden and providing fiscal relief.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jun 1, 2026

A 11544: Relates to permitting the Westchester Muslim Center Inc. to file an application for a real property tax exemption

This bill allows the Westchester Muslim Center in Mount Vernon to submit an application for a real property tax exemption for its building at 22 Brookfield Road. It authorizes the city assessor to review the application as if it were filed on time and permits the city council to grant the exemption if the center would have qualified but for a clerical error. If the exemption is approved, the bill requires the city to refund any taxes already paid and cancel any remaining unpaid taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a real property tax exemption to a religious center, reducing its tax burden and refunding overpaid taxes.85% confidence

Sub-Topics Property Tax Tax Incentives

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passed · New York · Senate Jun 4, 2026

S 10624: Authorizes the Freeport Bible Center to file an application for a retroactive real property tax exemption with the village of Freeport assessor

Authorizes the Freeport Bible Center to file an application for a retroactive real property tax exemption with the county of Nassau assessor for all applicable taxes from the 2026 assessment roll.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a retroactive tax exemption, providing tax relief which aligns with supporting fiscal relief measures.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jun 1, 2026

S 10617: Relates to permitting the Westchester Muslim Center Inc. to file an application for a real property tax exemption

This bill authorizes the Mount Vernon city assessor to accept a late real property tax exemption application from the Westchester Muslim Center, Inc. for a specific building at 22 Brookfield Road. The legislation allows the assessor to treat the application as if it were submitted on time, provided the organization would have qualified for the exemption but for a clerical error. If approved by the city council, the bill mandates that any taxes already paid by the center be refunded and any remaining unpaid taxes be canceled.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants a real property tax exemption and mandates refunds, directly reducing the tax burden on the organization.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jun 1, 2026

A 11545: Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from the Lakeview Fire District

Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from the Lakeview Fire District with respect to the 2025-2026 assessment roll for a portion of the 2025-2026 school taxes and a portion of the 2026 general taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemptions for school and general taxes, directly reducing the tax burden on property owners.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jun 5, 2026

A 10898: Authorizes the Hicksville Water District to receive retroactive real property tax exempt status

This bill allows the Hicksville Water District to receive a retroactive exemption from real property taxes for specific years and tax rolls. It authorizes the Nassau County assessor to process a tax exemption application for the district's property at 109 Stewart Ave in Hicksville, treating it as if the request had been filed on time. If the exemption is approved, the district may be eligible for a refund of any taxes already paid and the cancellation of related penalties or liens. The legislation takes effect immediately upon passage.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants retroactive tax exemption to a water district, reducing its tax burden and potentially enabling refunds or penalty cancellations.90% confidence

Sub-Topics Property Tax Tax Incentives

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