Relates to conducting studies on personal income tax brackets and the corporate franchise tax

This bill requires New York's Commissioner of Taxation and Finance to conduct two separate studies. The first study examines how personal income tax brackets could change if certain tax credits were eliminated while maintaining revenue neutrality. The second study analyzes potential corporate franchise tax reductions under similar conditions. The commissioner must submit both reports within 180 days of the bill's enactment. The bill does not change tax rates but directs a review of potential adjustments.