New York - Session 2025-2026
Title: Creates the middle class circuit breaker tax credit and a tax reform study commission
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
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| Date | Event | Detail |
|---|---|---|
| 2025-01-15 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Senate Committee |
| Bill | Title | Status |
|---|---|---|
| A 10724 | Provides an exemption from taxes on income to certain taxpayers who claim at least one dependent under the age of five | in_committee |
| A 10737 | Authorizes an occupancy tax in the city of Kingston | in_committee |
| A 10738 | Provides that income taxes shall be adjusted to account for a cost of living adjustment | in_committee |
| A 10739 | Authorizes the assessor of the town of Babylon to accept an application for exemption from real property taxes from Tiegerman Community Services, Inc. | in_committee |
| A 10745 | Freezes the assessed value of real property owned by persons aged sixty-five or over, for the purposes of determining taxes owed on such property | in_committee |
| A 10756 | Provides a real property tax exemption for property operated as a child day care | in_committee |
| A 8495 | Authorizes the town of Rhinebeck, county of Dutchess, to establish hotel and motel taxes within such town | in_committee |
| S 8188 | Authorizes the town of Rhinebeck, county of Dutchess, to establish hotel and motel taxes within such town | in_committee |