Relates to high income personal income tax rates

This bill adjusts New York's highest personal income tax rates for earners with taxable income above $5 million. It increases the top marginal tax rate from 10.30% to 10.80% for income between $5 million and $25 million, and raises the rate for income over $25 million from 10.90% to 11.40% for tax years beginning after 2027. These changes apply to single filers, heads of household, and married taxpayers filing separately. The bill directly affects high-income New Yorkers whose taxable income exceeds $5 million annually.