Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill
Withum
MAY 4, 2022
Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET. For context, in January 2022, New Jersey revised its PTET, resulting in it being more uniform with New York’s PTET. PTET Income Tax Addback. State and Local Tax Services.
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