Relates to itemized deductions for New York residents

This bill (S 3386) affects New York residents with New York adjusted gross income exceeding $10 million. It prohibits them from claiming a 25% itemized deduction for charitable contributions that would otherwise be allowed under federal tax law. The change applies to taxable years starting after the bill's effective date, removing this specific deduction for high-income New Yorkers. The policy directly impacts tax deductions for charitable giving among the highest earners in the state.