Rep. Jordan Wright

Establishes the Cannabis Community Reinvestment Act; includes requirements for cannabis operators; includes the obligation to reinvest in communities disproportionately impacted by cannabis prohibition including, if applicable, the community such operator is located in; provides for the review of reinvestment plans by the department of financial services.

Ensures that library staff of free association, public, and hospital libraries, and with certain advice, Indian libraries, are able to develop collections, services, and programming that reflect the values and protections established under the human rights law and the equal rights amendment to the state constitution.

Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).

Establishes the buy American, buy union grant program and the buy American, buy union grant fund for the purpose of providing grants to municipal subdivisions to reimburse such municipal subdivisions for the costs of procuring consumer or commercial vehicles which are union-made.

Establishes the New York State social housing development authority as a public benefit corporation to increase the supply of permanently affordable housing in the state through the acquisition of land and renovation or rehabilitation of existing real property, and through the construction of new, permanently affordable housing.

Maddy summaryThis bill imposes an additional tax on New York residents' long-term investment profits, specifically targeting income from capital gains, dividends, and other low-taxed investments. It applies to higher earners: individuals with taxable income over $400,000 (or $500,000 for married couples filing jointly) face a 7.5% tax on capital gains above those thresholds, with a higher 15% rate kicking in above $800,000 (or $1 million for couples). The tax phases in gradually over the first $50,000 or $100,000 of income exceeding the thresholds. It functions as an add-on to existing income tax, not a replacement, and will be administered by New York’s tax department.

Enacts the "Empowering People in Rights Enforcement (EMPIRE) Worker Protection Act"; relates to the delegation of state enforcement authority to private actors; authorizes an affected employee, whistleblower, representative organization or an organizational deputy to initiate a public enforcement action on behalf of the commissioner for certain provisions of the labor law, or any regulation promulgated thereunder.

Codifies the disparate impact standard in the human rights law; provides that in cases of alleged housing discrimination, an unlawful discriminatory practice may be established by a practice's discriminatory effect.

Requires that following the acquittal after trial or the sentencing of any defendant for a felony, the district attorney, or their designee, shall mail a written summary of the disposition of such felony to any victim who was not present at the time that the defendant was sentenced or acquitted after trial.

Requires the appointment of a Title VI coordinator at every college and university in the state to ensure compliance with Title VI of the federal civil rights act of 1964; requires the division of human rights to develop training for students and employees; requires the Title VI coordinator to notify annually all students and employees of the institution's policies and procedures for reporting discrimination and harassment.