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New York budget revises provisions governing corporate income tax, sales and use tax, and credits

New York enacted its 2016–17 budget bill on April 13. Among other things, the bill revises the state’s corporate income tax filing due dates to bring them into conformity with federal provisions. While the legislation does not include the groundbreaking reforms to the state’s tax system that was enacted in the past two budgets, provisions governing the state’s sales and use tax, credit programs, and property tax systems have been revised.

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