Requires approval by 2/3 vote of membership of the senate and assembly voting separately to increase or decrease any tax rate, impose a new state tax, extend or delete existing state tax.

This bill requires that any changes to tax rates, including increases, decreases, or the creation of new taxes, must be approved by a two-thirds vote from both the New York State Senate and Assembly. This means that lawmakers would need significant agreement to make any tax-related changes. The goal is to ensure that tax decisions have broad support before being enacted.

Supporters of this bill argue that requiring a two-thirds vote for tax changes will promote fiscal responsibility and protect taxpayers from sudden tax hikes. They believe this measure will encourage lawmakers to work together and consider the impact of tax policies on residents more carefully.

Critics of the bill contend that the two-thirds requirement could hinder necessary tax reforms and limit the government's ability to respond effectively to economic challenges. They argue that it may create gridlock in the legislature, making it harder to fund essential services and programs that rely on tax revenue.