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June 2019 » Tax Changes in the 2019/2020 New...
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Corey L. Rosenthal, JD, Lance E. Rothenberg, JD, LLM, and Mark H. Levin, CPA, MST
On April 12, Governor Andrew Cuomo signed New York's FY2019/2020 Budget Bill (S. 1509-C, A. 2009-C), allocating $175.5 billion and enacting numerous significant tax and revenue provisions. The bill made changes to nearly every tax levied by New York, including the corporate income tax, personal income tax, sales and use tax, and real property tax, as well as other important changes. CPAs should take note, as individuals and businesses across all industries will be affected by these changes. This article is intended to provide a brief overview of some of the more significant changes.
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