Establishes a billionaire mark-to-market tax taxing residents with one billion dollars or more in net assets.
Creates city university of New York center for excellence in urban education to enhance the quality of teaching in public schools in NYC; establishes the regents public school teacher loan forgiveness program to allocate awards annually to teachers who agree to teach public school in an area of New York state designated by the board of regents as having a shortage of public school teachers.
Relates to establishing the New York state loan redemption program for certain public school teachers.
Makes the expansion of absentee voting provisions permanent.
Relates to creating a separate tax on inheritance income, creating a separate tax on gift income, the computation of the estate tax, and creating a gift tax.
Prohibits a person convicted of rebellion or insurrection against the authority of the United States or the laws thereof under 18 U.S.C. Section 2383 from holding civil office in the state.
Adds additional offenses where there is concurrent jurisdiction of criminal and family courts; defines "unreciprocated offensive contact".
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income.
Ensures that public retirees are not having their skilled nursing care benefits reduced under the state health benefit plan at the time they enroll for medicare.
