Implements fiscal measures for New York's 2026-2027 state budget.

This bill enacts various tax provisions to implement the New York state budget for the 2026-2027 fiscal year. It includes a child and dependent care credit, exclusions for qualified tips, and retains the deductibility of certain charitable contributions. It also standardizes the definition of "eligible farmer" for tax credit purposes, imposes a surcharge on non-primary residences, and extends several tax credits and exemptions. Additionally, it modifies pari-mutuel betting distributions, establishes a standard for alternative nicotine products, and sets new rates for certain taxes.

Implements fiscal measures for New York's 2026-2027 state budget.

This bill enacts various tax provisions to implement the New York state budget for the 2026-2027 fiscal year. It includes a child and dependent care credit, exclusions for qualified tips, and retains the deductibility of certain charitable contributions. It also standardizes the definition of "eligible farmer" for tax credit purposes, imposes a surcharge on non-primary residences, and extends several tax credits and exemptions. Additionally, it modifies pari-mutuel betting distributions, establishes a standard for alternative nicotine products, and sets new rates for certain taxes.