Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes

S 543 creates a tax credit for New York landowners who commit to forestry stewardship or habitat conservation on eligible land. Landowners with at least 25 contiguous acres certified as valuable wildlife habitat or suitable for recreation (e.g., fishing, hunting) can claim a credit equal to 25% of real property taxes paid on that land, up to $10,000 annually. To qualify, land must be part of a 5-year agreement with the state’s Department of Environmental Conservation, recorded publicly, and maintained under approved conservation plans. This credit directly affects private landowners managing conservation-eligible properties, reducing their personal income and business franchise tax burden.