Establishes Work-NY by implementing tax credits for various businesses based on hiring and investments.
Relates to compensation of certain district attorneys; requires the state to reimburse the counties for the entire cost of any increase in the annual salary of a district attorney due to an increase in the annual salary of a justice of the supreme court or a county judge; appropriates $1,600,000 therefor.
Relates to the payment of 5% of settlement funds totaling $1,000,000 or more to the principal balance of the state's general debt service fund.
Creates a tax deduction for real property taxes and local taxes, except sales tax.
Establishes a tax credit for patent fees not to exceed $1,500.
Reforms the state budget process to provide that upon failure by the legislature to act upon a state budget within seventy-two hours from the beginning of the state fiscal year, a default budget shall take effect.
Prohibits certain borrowing arrangements; relates to the authorization for the contracting of debt; relates to the manner by which payments are appropriated and paid.
Allows municipalities to enact an exemption or repeal any such exemption for taxes on clothing and footwear quarterly instead of yearly.
Provides for the installment payment for the earned income credit.
Relates to the creation of a child care tax deduction that shall be equal to the amount of income not to exceed $10,000 earned by an at home parent by providing child care services for up to two qualifying children.
