Several New York State tax breaks could be on the chopping block as lawmakers negotiate a final budget plan ahead of an April 1 deadline, including subsidies for private jets and luxury yachts.
The budget resolution the state Senate passed last week includes two measures, S2556 and S2557, to end sales and use tax exemptions for vessels costing more than $230,000 and private aircraft. The fiscal plan also includes a bill, S3389, to repeal more than $300 million in financial incentives for fossil fuels, which state Democrats and climate advocates voiced support for in a virtual press …