New York's 2021-2022 Budget Bill and its Response to Recent Federal Tax Legislation

This seminar will cover the latest developments in New York State’s 2020-2021 budget bill, including NY’s response to TCJA and the CARES Act.  We will discuss the new SALT cap workaround, while also highlighting new decisions, rulings, and administrative releases affecting New York’s personal income, sales, and corporate taxes.  We’ll also focus on some common misconceptions about residency and wage allocation for people who fled NY during the pandemic.  Finally, we will review various tax incentive programs, as well as recent changes in New York’s abandoned property law and enforcement.

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