New York A02282 mandates studies on personal income tax brackets and corporate franchise tax reductions.

New York A02282 requires the commissioner of taxation and finance to conduct two studies. The first examines potential personal income tax bracket and dollar amount reductions for specific years, assuming all personal income tax credits are eliminated and receipts remain revenue neutral. The second study looks at possible reductions in the corporate franchise tax under similar conditions. The commissioner must report the findings within 180 days of the act's effective date, which is immediate.

New York A02282 mandates studies on personal income tax brackets and corporate franchise tax reductions.

New York A02282 requires the commissioner of taxation and finance to conduct two studies. The first examines potential personal income tax bracket and dollar amount reductions for specific years, assuming all personal income tax credits are eliminated and receipts remain revenue neutral. The second study looks at possible reductions in the corporate franchise tax under similar conditions. The commissioner must report the findings within 180 days of the act's effective date, which is immediate.