New York S09110 phases in personal income tax cuts over ten years and repeals tax benefit recapture provisions.
New York S09110 amends the tax law to phase in personal income tax cuts over a ten-year period, beginning in 2026. It introduces new tax rates for various income brackets for married individuals filing jointly, heads of households, and unmarried individuals, estates, and trusts. The bill also repeals certain provisions related to tax benefit recapture. The changes are set to take effect immediately.
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