Exempts compensation for active military service from inclusion in a resident's adjusted gross income under certain circumstances.
Relates to making the first one hundred thousand dollars of an individual's private pension non-taxable.
Establishes a spending cap and increases the maximum capacity of the rainy day fund.
Establishes credits against income tax for a teacher's unreimbursed expenditures for qualified supplies.
Establishes high-tech worker-NY.
Relates to excise tax on telecommunication services (Part A); relates to temporary municipal assistance sales and compensating use taxes for cities of one million or more on telecommunication services (Part B).
Eliminates the corporate franchise tax and personal income tax on business corporations that are manufacturers; defines terms "manufacturer" and "principally engaged".
Relates to calculation of the earned income credit.
Enacts Retain-NY by implementing tuition tax credits and increasing the amount of an allowable deduction.
Relates to modifications increasing federalized itemized deductions for removing underground home heating oil storage tanks; such deduction shall be limited to one thousand dollars in any one year.
