Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2026-2027 state fiscal year

Summary

The bill implements the state’s 2026‑27 fiscal plan by updating a wide range of tax provisions, from child‑care credits and tip exclusions to corporate tax rates and specialty credits for farmers, the arts, and clean energy. It also creates new rules for alternative nicotine products, sales‑use tax registration, and several real‑property and racing‑related tax adjustments. These changes affect individuals, businesses, nonprofit organizations, and local governments across New York.

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