Enacts the "Affordable NY act"

Summary

The bill amends the real property tax law to adjust the base figures for both basic and enhanced STAR exemptions using the CPI‑W and to set new limits on tax‑saving amounts for parcels. It also revises New York personal income‑tax rates for tax years beginning in 2011‑2016, 2018, 2019, and 2020. These changes aim to make property‑tax relief and income‑tax calculations more responsive to inflation and fiscal policy goals.

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