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4 NY Corporate Tax Changes Businesses Should Know About

By Jeffrey Friedman, Michael Hilkin, Justin Stone and Chelsea Marmor (April 5, 2019, 2:57 PM EDT) -- The New York Legislature and governor agreed to the Fiscal Year 2020 budget early in the morning on March 31, 2019. As part of the budget deal, Senate Bill 1509-C (the budget bill) passed the Legislature later that day. Several interesting areas were addressed during the legislative process, including an increase in real estate transfer taxes (passed), congestion tolls in New York City (passed), a "pied-à-terre" tax (did not pass), and a cannabis regulation and taxation regime (did not pass)....

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