Bill > S05368

This bill establishes a tax credit for New York state taxpayers to help offset the costs associated with addressing emerald ash borer (EAB) infestations, a destructive invasive insect that threatens ash trees. The bill provides two primary tax credits: first, up to $300 or 50% of the cost per tree for removing an ash tree infested with EAB, which includes assessment, labor, disposal, and cleanup fees; and second, up to $100 or 50% of the cost per tree for insecticide injection treatments to treat EAB-infected trees. To qualify, the tree must be located on residential or mixed-use property owned by the taxpayer and used as a primary, secondary, or rental residence within New York state. The credits are available for taxable years beginning on or after January 1, 2026, and can be carried forward for up to five years if the credit exceeds the taxpayer's tax liability in a given year. Importantly, the total statewide tax credits for these tree removal and treatment efforts are capped at $10 million per calendar year, ensuring a controlled and budgeted approach to addressing the EAB problem.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5368