New York Tax Break Bills Ready for Governor’s Signature
- Legislature approves to-go booze, $5 billion in rainy-day fund
- Drivers will save 16 cents per gallon in six-month gas holiday
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Legislation offering tax breaks for New York homeowners, drivers, and cannabis businesses is headed to the desk of Governor Kathy Hochul as part of a $220 billion budget deal.
The state Senate and Assembly passed two budget bills (S.8009C/A9009C) and (S.8005C/A.9005C) in a session that stretched into early Friday. Hochul negotiated the package and said she’ll sign the legislation. Additional bills were being voted on Friday.