Enacts the "NYS health care tax reform act" to establish surcharges on various entities to fund public goods and Medicaid subsidies.

The bill enacts the "NYS health care tax reform act" to establish surcharges on insurance corporations, business corporations, pass-through entities, and misclassified workers to fund public goods and Medicaid subsidies. It sets specific rates and percentages for these surcharges, which vary based on the entity and the period. The surcharges are intended to replace existing taxes on health care and health insurance, which are considered regressive and counterproductive to making health insurance affordable.

Enacts the "NYS health care tax reform act" to establish surcharges on various entities to fund public goods and Medicaid subsidies.

The bill enacts the "NYS health care tax reform act" to establish surcharges on insurance corporations, business corporations, pass-through entities, and misclassified workers to fund public goods and Medicaid subsidies. It sets specific rates and percentages for these surcharges, which vary based on the entity and the period. The surcharges are intended to replace existing taxes on health care and health insurance, which are considered regressive and counterproductive to making health insurance affordable.