Will Mamdani raise corporate taxes?

Before 2027: If a law raising the NYC Business or New York State corporate tax rate has become law in New York City before Jan 1, 2027, then the market resolves to Yes. Before 2028: If a law raising the NYC Business or New York State corporate tax rate has become law in New York City before Jan 1, 2028, then the market resolves to Yes. Before 2029: If a law raising the NYC Business or New York State corporate tax rate has become law in New York City before Jan 1, 2029, then the market resolves to Yes. Before 2030: If a law raising the NYC Business or New York State corporate tax rate has become law in New York City before Jan 1, 2030, then the market resolves to Yes. Extending, renewing, or otherwise preserving an existing temporary rate, including preventing a scheduled reduction, does not constitute a rate increase. Laws passed by New York State are encompassed within the Payout Criterion if they apply to or govern New York City. Note: This event was issued before the September 14, 2026 amendment to the LAW Contract, so that amendment does not apply. To be clear, a law must take legal effect before this event’s deadline; a law enacted before the deadline whose effective date falls on or after it does not satisfy the Payout Criterion.