NY A10394

Creates an energy price refund credit for New York State residents for tax year 2026 based on 2024 income and residency status

Married couples filing jointly or surviving spouses with adjusted gross income up to $150,000 receive $400; those earning $150,001-$300,000 receive $300

Single filers, heads of household, and married filing separately with income up to $75,000 receive $200; those earning $75,001-$150,000 receive $150

Requires taxpayers to have been full-year New York residents in 2024 and not claimed as dependents to qualify

Credits will be automatically advanced by the Tax Commissioner based on 2024 tax return data, and any credit received is exempt from state and local income tax