Requires a study of the fiscal impacts of changing education funding from a real property tax-based mechanism to an income tax-based mechanism

This bill (A 3108) mandates a study to examine the financial effects of shifting New York's education funding from property taxes to income taxes. The New York State Department of Education and Taxation and Finance must analyze fiscal impacts across different regions, identify current inequities in education funding, and develop transition recommendations. The study's results, including policy suggestions, must be published within one year of the bill's effective date.