Tax Provisions of New York’s 2022-2023 Budget Webinar
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Overview
On April 11, 2022, New York's governor signed a landmark budget that provides significant tax relief for individuals and businesses for Fiscal Year 2022-2023. Included among these provisions are: COVID recovery assistance for small businesses; sizable investments in education and healthcare; income tax cuts for middle-class families; expanded child care support; a moratorium on fuel tax; and tax credits for green energy providers. In this timely webinar, we will address:
- Personal tax
- Pass-Through Entity (PTE) tax revisions
- Sales and use tax
- Gas tax suspension
- Other credits and incentives
Objective
To provide tax professionals with updates on the landmark provisions included in New York's 2022-2023 Fiscal Year budget which passed in April 2022.
Emphasis
-
Personal Income Tax
- Middle-class income tax cuts
- Earned Income Tax Credit
(EITC) -
Pass-Through Entity (PTE) Tax
- S Corp eligibility -
Sales & Use Tax
- Vending machines -
Gas Tax
- Suspended through 2022 -
Credits & Other Incentives
- COVID-19 expenses for small
businesses
- Credits for:
- Child care
- Digital gaming companies
- Geothermal energy providers
- Film and theater productions
- Veteran employment programs
- Farmers
- Hiring—and transportation
for—the disabled
This course is included in the following passes:
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View PassesPrerequisite
None
Level of Knowledge
Overview
CPE Credits
1
Hour
NASBA Field of Study
Taxes