Increases the maximum percentage allowed to be deposited from surplus revenues into the state tax stabilization reserve fund to 4 percent.
Enacts the "emergency school relief act"; makes changes in the percentages for disposition of revenue from lottery prize account to increase the percentage directed to state aid for education funding.
Enacts the rainy day act; moves funds from the tax stabilization fund to the rainy day reserve fund; increases the maximum balance; requires certain deposits; prohibits establishment of funds except by statute.
Increases the applicable percentage of the child tax credit allowed in the empire state child tax credit from thirty-three percent to forty-five percent; prescribes how such payment or refund should be made based on amount.
Prohibits the percentage of disbursements from the state lottery fund that goes towards education aid from falling below 45.15 percent.
Increases the amount in the tax stabilization reserve fund to 5% of state fiscal year disbursements.
Sets the increase to the overtime ceiling as a fixed percentage.
Sets the increase to the overtime ceiling as a fixed percentage.
Relates to the child and dependent care credit; increases the percentage of the federal credit.
Increases the excelsior research and development tax credit maximum from six to twenty percent.