Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides that in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the previous contract shall be automatically extended for a one-time period of twelve months commencing from the date that the previously negotiated contract expired.
Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides that in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the previous contract shall be automatically extended for a one-time period of twelve months commencing from the date that the previously negotiated contract expired.
Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the state gaming commission shall require such corporation or association to pay to the horsemen's organization an amount determined in accordance with the previously negotiated contract for welfare, medical, or retirement plans, including any associated costs, provided by the horsemen's organization to participants in racing at the licensed harness racing facility; provides the amounts shall be paid monthly from the horsemen's gross purse enhancement amount from video lottery gaming.
Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the state gaming commission shall require such corporation or association to pay to the horsemen's organization an amount determined in accordance with the previously negotiated contract for welfare, medical, or retirement plans, including any associated costs, provided by the horsemen's organization to participants in racing at the licensed harness racing facility; provides the amounts shall be paid monthly from the horsemen's gross purse enhancement amount from video lottery gaming.
Relates to wagers on certain horse racing events; authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator and an entity that possesses a license and that has the authority to conduct pari-mutuel wagering on the form of racing involved in the relevant horse racing event, involving wagers to be made solely by residents of the state of New York while located within New York, and subject to the approval of the commission.
Creates the jockey health insurance reserve fund for the payment of premiums not yet paid; provides for the return of funds if such reserve fund becomes no longer necessary.
Creates the jockey health insurance reserve fund for the payment of premiums not yet paid; provides for the return of funds if such reserve fund becomes no longer necessary.
Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2026-2027 state fiscal year; relates to enhancing and reforming the child and dependent care credit (Part A); excludes certain tips earned up to twenty-five thousand dollars from New York adjusted gross income (Part B); retains the deductibility of certain charitable contributions (Part C); standardizes the definition of farmer for various tax credits (Part D); extends the current corporate tax rate for businesses with a business income base of more than five million dollars but not over ten million dollars until 2030; increases the corporate tax rate for businesses with a business income base of more than ten million dollars to nine and one-quarter percent (Part E); relates to exemptions from calculation of income in certain cases (Part F); relates to the treatment of certain deductions allowable under the internal revenue code in calculating New York city taxable income for corporations (Part G); relates to extending the commercial security tax credit (Part I); enhances the New York city musical and theatrical production credit (Part J); relates to alternative nicotine products (Part K); relates to the taxation of vapor products imported into or manufactured in the state by a vapor products distributor; relates to the requirements of vapor products distributors and vapor products dealers and to the enforcement of such taxes on vapor products (Part L); extends the real estate transfer tax rate reduction for conveyances of real property to existing real estate investment funds (Part M); establishes a sales and use tax reregistration program, and a sales and use tax penalty and interest discount program (Part N); establishes a sales tax exemption for electric vehicle charging stations (Part O); extends the sales tax exemption for certain sales made through a vending machine for three years (Part P); extends the residential energy storage sales tax exemption for two years (Part Q); relates to petroleum business tax filing deadline for commercial vessel operators (Part R); extends the alternative fuels tax exemptions (Part S); makes technical corrections to the STAR exemption and STAR credit programs (Part T); extends the assessment ceiling for local public utility mass real property to January 1, 2031 (Part U); conforms pari-mutuel tax provisions and makes technical corrections (Part W); extends capital acquisition funds for the off-track betting corporation (Part X); extends certain provisions of law relating to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks, distributions of wagers, and the imposition of certain taxes related thereto for an additional year (Part Y); extends certain seasonal employee licensing requirements for race dates assigned to Belmont Park at Saratoga Racetrack in 2026 (Part Z); provides for a middle-class tax cut and increasing the temporary personal income high income surcharge (Part AA); establishes a power rebate check to provide financial relief to residential utility ratepayers (Part BB); establishes a credit against the tax on personal income beginning in the 2026 tax year (Part CC); establishes a small business savings account program; provides tax incentives for contributions and distributions (Part DD); increases the current small business subtraction modification (Part EE); establishes a tax credit for donations made by food service establishments engaged in the sale, manufacture, or distribution of food within the state (Part FF); increases tax credits for donations to food pantries made by farmers by increasing the allowable percentage of the fair market value of such donations and increasing the maximum amount of such credit for taxable years beginning on or after January 1, 2026 (Part GG); extends the benefit window of the historic homeownership rehabilitation tax credit; requires additional reporting on the utilization of such credit (Part HH); imposes an excise tax on energy used in digital asset mining (Part II); provides for cities to enact a vacancy surcharge on vacant and abandoned property (Part JJ); exempts from sales tax certain tangible personal property and services (Part KK); establishes sales tax exemptions for commercial energy storage systems equipment (Part LL); repeals the excise tax on medical cannabis and the medical cannabis trust fund (Part MM); relates to standardbred testing (Part NN); reduces the credit allowed on pass-through entities in the city of New York (Part OO); increases tax rates imposed on unincorporated businesses and corporations in New York city for taxable years beginning on or after January 1, 2026 (Part PP); increases the rate of tax on certain conveyances of real property, transfers of leasehold interests, and transfers of controlling economic interests in real property in the city of New York (Part QQ).
Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2026-2027 state fiscal year; sets forth a child and dependent care credit for taxable years beginning on or after January 1, 2026 (Part A); excludes certain tips earned up to twenty-five thousand dollars from New York adjusted gross income (Part B); allows an organization included on the federal list of tax-exempt organizations under section 501(c)(3) of title 26 of the United States code on March first, two thousand twenty-five to automatically maintain their tax-exempt status for New York state purposes (Part C); standardizes the definition of farmer for various tax credits (Part D); extends the current corporate tax rates and provides new rates depending on the income of a business (Part E); relates to the treatment of certain deductions allowable under the internal revenue code in calculating federal adjusted gross income (Part F); relates to the treatment of certain deductions allowable under the internal revenue code in calculating New York city taxable income for corporations for taxable years beginning after December 31, 2024 (Part G); relates to the deadline for the pass-through entity tax and New York city pass-through entity tax election and the payments made relating to such tax election (Part H); extends provisions of law relating to the commercial security tax credit from January 1, 2026 until January 1, 2029 (Part I); enhances the New York city musical and theatrical production credit (Part J); defines the terms "alternative nicotine products" and "nicotine analog"; makes provisions relating to the possession for sale, sale, and taxation of alternative nicotine products in this state (Part K); establishes a sales and use tax reregistration program, and a sales and use tax penalty and interest discount program (Part N); extends the sales tax exemption for vending machines; conducts a study on the tax exemption (Part P); extends the residential energy storage sales tax exemption for two years (Part Q); relates to the tax filing deadline for petroleum businesses that operate commercial vessels (Part R); extends the alternative fuels tax exemptions for five years (Part S); makes technical corrections to the STAR exemption and STAR credit programs (Part T); extends the assessment ceiling for local public utility mass real property to January 1, 2031 (Part U); provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI) (Subpart A); requires certain agencies and individuals to provide notice regarding the rent increase exemption for low income elderly persons and persons with disabilities programs to tenants upon the occurrence of certain events (Subpart B) (Part V); conforms pari-mutuel tax provisions; makes technical corrections (Part W); extends the utilization of funds in off-track betting corporations' capital acquisition funds (Part X); makes permanent certain provisions of law relating to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks, distributions of wagers, and the imposition of certain taxes related thereto (Part Y); extends certain seasonal employee licensing requirements for race dates assigned to Belmont Park at Saratoga Racetrack in 2026 (Part Z); increases the amount of residential solar tax credits (Part AA); relates to tax on sales of motor fuel and petroleum products; makes conforming changes; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes (Part BB); relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income (Part CC); provides that for taxable years beginning on and after January first, two thousand twenty-six, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to six hundred dollars (Part DD); makes permanent the farm workforce retention tax credit (Part EE); amends the alternative tax table benefit recapture; increases the rate of supplemental tax for high income taxpayers (Part FF); 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 ninety percent of the tax due (Part GG); authorizes the city of Buffalo to impose a real estate transfer tax (Part HH); relates to sales and compensating use taxes imposed with respect to vessels (Part II); designates all taxes, interest and penalties collected by the opioid excise tax for the New York state drug treatment and public education fund (Part JJ); establishes a tax credit for food service establishment donations to food pantries, in the amount of fifty percent of the marketed value of each of the taxpayer's qualified donations up to six dollars per qualified donation, beginning with the 2027 tax year (Part KK); relates to tax credits for donations to food pantries made by farmers (Part LL); establishes a tax on noise from non-essential helicopter and seaplane flights in cities with a population of one million or more (Part MM); requires the state to keep state lottery winners identities anonymous to the general public unless the lottery winner gives their consent (Part NN); requires that sales tax exempt precious metal bullion shall be purchased by a bank, a foreign government, the U.N. or the state, federal or local government (Part OO); adds certain gains with respect to small business stock excluded pursuant to section 1202 of the Internal Revenue Code as an increase to adjusted gross income (Part PP); authorizes the city of Albany to impose real estate transfer taxes (Part QQ); decreases the amount of the credit allowed for the city pass-through entity tax against the city personal income tax (Part RR); increases the tax rates on unincorporated businesses and corporations upon adoption of a local law by the legislative body of the city of New York (Part SS); establishes the New York city mansion tax act increasing the rate of tax on certain conveyances of real property, transfers of leasehold interests, and transfers of controlling economic interests in real property in the city of New York (Part TT).
Provides that from April 1, 2025 to March 31, 2026, twenty-three percent of funds in the Catskill off-track betting corporation's capital acquisition fund shall be made available for certain past due obligations; requires such corporation to submit an expenditure plan for approval before accessing such funds.