What's in the fifth (and final) state budget policy bill

This is the Revenue budget bill and it includes a lot of tax-related changes.

Good afternoon — it’s Thursday and the second day of voting on the state budget.

In today’s CapCon:

• This is the second CapCon you’re receiving today in case you missed the first.

• The final Article VII policy budget bill is the Revenue bill. It hasn’t passed both chambers of the Legislature just yet.

• I read the entire bill today to pull all the sections you’ll want to read about.

• Those include new tax incentives for the semiconductor industry, the changes to the Payroll Mobility Tax and the new income tax rates in the budget.

Names in today’s CapCon: None! Just a budget bill.

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(Will Waldron/Times Union)

💰 What’s in the final budget policy bill: Revenue

We now have all five Article VII budget bills introduced. Those are the bills that include changes in policy. The other five deal exclusively with spending.

The Article VII bills are the fun ones. They have everything you’ve been reading about and are usually where we find small items that weren’t anticipated. The price of that treasure hunt is eye strain.

I told you about the first three yesterday and the fourth one this morning. Click on those links to read those but I’ll leave them at the end of this one as well.

Now we’re on to the fifth: Revenue.

But you don’t have to pick through the 160-page budget bill because you’re a CapCon subscriber. I’ve already done it for you.

This bill has a lot packed into it. There are new tax credits, new tax rates and new tax increases. That’s just the start of it.

Here’s a final reminder on how to navigate the budget bills if you want to read the full text of a section:

• Each section below is labeled with what part of the bill they’re in.

• Click on the link below to go to the full budget bill online.

• Then use the “find” function on your computer or device and search for that part.

For example, an expanded child tax credit is in Part C. To find the full text, you would go to the full bill and search for Part C.