Improves transparency in the insurance claims process; regulates insurance adjusting professionals; institutes licensing standards for insurance professionals; ensures timely responses to insurance claims; enhances policyholder protections.
Authorizes and directs the state board of elections, in cooperation with county boards of elections, to create an online petitioning system for designating petitions; provides that use of such online petitioning system shall not preclude the collection and use of paper designating petitions; authorizes the state board of elections to promulgate necessary rules and regulations.
Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.
Establishes new targets for offshore wind electricity generation; includes the requirements that there is at least 15 gigawatts of offshore wind electricity generation by 2040, at least 18 gigawatts of offshore wind electricity generation by 2045 and at least 20 gigawatts of offshore wind electricity generation by 2050.
Expands eligibility for loans and grants pursuant to the resilient retrofits loan and grant program for private sewer repairs and upgrades; establishes the resilient retrofits loan and grant fund.
Enacts the "fair share act"; authorizes cities imposing city personal income taxes to adopt and amend local laws imposing an additional tax of two percent on the annual city taxable income of city residents, estates and trusts reporting any return in excess of one million dollars.
Establishes the "tenant opportunity to purchase act"; prevents the displacement of lower-income tenants in New York and preserves affordable housing by providing an opportunity for tenants to own or remain renters in the properties in which they reside.
Relates to parole eligibility for certain incarcerated persons age fifty-five or older if they have served at least fifteen years of their sentence or sentences.
Maddy summaryThis bill creates a New York City pilot program providing "baby bonds" (investment accounts) to foster youth aged 8-18 from low-income households with limited family support. It allocates $10.5 million for initial deposits ($1,000-$10,000 based on age group), $100 monthly deposits until age 25, and annual funding for financial counseling and program management. Participants can access funds at 25 for education, housing, or business development, with unused funds converting to retirement accounts by age 40. The program requires annual reporting on participants' academic and mental health outcomes.
Maddy summaryThis bill prohibits involuntary servitude and forced labor in all New York state and local correctional facilities, directly affecting incarcerated individuals. It amends the Civil Rights Law to explicitly ban slavery, involuntary servitude, and forced labor for all people in New York - including those convicted of crimes - and adds a new Correction Law section prohibiting any labor compelled through force, threats, or adverse actions (like disciplinary measures). The law makes it illegal for facilities to require labor against an individual's will using coercion or fear of punishment. This represents a concrete legal change to end forced labor practices within New York's prison system.
