Relates to high income personal income tax rates

This bill amends New York State's personal income tax rates for high earners, specifically increasing rates for taxpayers with taxable income over $5 million. It modifies tax brackets for three filing categories (single, head of household, and married filing jointly), raising the top marginal rate from 10.30% to 10.80% for incomes exceeding $5 million starting in 2028. The changes apply to tax years beginning after 2027, with temporary adjustments for 2023-2027. The policy directly affects New York residents with very high incomes, increasing their tax liability under the revised brackets.