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.
Requires that notice be given to the community boards when there is a change in service furnished upon the rapid transit facilities or the omnibus line facilities of the New York city transit authority.
Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions; establishes an energy efficiency improvement board to approve the abatements and exemptions.
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.
Relates to the manufacturing of firearms; requires any firearm manufactured by a three-dimensional printer to contain a unique identifying number and to be registered with the state police.