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Fiscal year 2026 annual report on New York State tax expenditures

New York State Tax Expenditure Report: Fiscal Year 2026

Governor Kathy Hochul

The thirty-second annual New York State Tax Expenditure Report has been prepared by the Department of Taxation and Finance and the Division of the Budget and is submitted in accordance with the provisions of Executive Law § 181.

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Table of Contents

To improve access to the New York State Tax Expenditure Report for fiscal-year 2026, it's now available in both webpage and PDF formats.

Each section of this report is represented by a tile, below. To review a particular section, select the tile. To return to this page and the Table of Contents, select 2026 Tax Expenditure Report at the top of the section page.

On each section page, you have the option to print only that section. To print the complete report, select the button, above.

For the best experience viewing data tables in mobile, try rotating your device or, if available, choose Open in new tab for printing.

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Detailed Table of Contents

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Introduction

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Use of this report and data limitations

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Recent legislation that has affected tax expenditures

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Personal income tax: expenditure estimates

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Corporate franchise tax: expenditure estimates

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Insurance tax: expenditure estimates

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Corporation tax: expenditure estimates

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Sales and use tax: expenditure estimates

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Petroleum business tax: expenditure estimates

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Real estate transfer tax: expenditure estimates

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Cross-article tax credits: expenditure estimates

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2025–2026 Executive Budget tax expenditure proposals

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