Here’s a breakdown of what is/isn’t in the Legislature revenue bill, compliments of Erin Billups, NY1 Capitol reporter and frequent CapTon contributor.

The bill, which you can read here, was introduced late last night and therefore won’t be sufficiently aged for passage until Tuesday.

Billups says:

- It does not include the excise tax on sugary beverages
- It does not authorize the sale of wine in grocery stores
- The bill provides an additional $950 million in revenue for the state… bringing the total revenue bill to $1.4 billion.

What it does include:
- Temporary suspension of sales tax on clothing- $330 Mill
- Restructure NYC PIT rate reduction for STAR- $120 Mill
- Cap or deferral of Business credits over $2 Mill – $100
- Limit itemized deductions for Charitable Contributions – $100 Mill
- reduce dormancy period for certain abandoned properties – $100 Mill
- Non-resident income from hedge funds will be treated the same as resident income- $50 Mill
- Expand VLT Hours – $45
- Limit STAR exemption to homes valued over $2 mill – $20 Mill

- Pension amortization, where prisoners are counted under the Census
- Creates an education assessment account
- Extends the Empire State Film Production Credit
- Preserves the current estate tax exemption of $1 million
- Eliminate the vendor credit under the sales tax for retailers with taxable receipts over $300,000 – brings in $23 Mill (legislative proposal)

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