Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill
Withum
MAY 4, 2022
For context, in January 2022, New Jersey revised its PTET, resulting in it being more uniform with New York’s PTET. Now, with the recent New York legislative changes, with careful consideration, the state’s PTET could potentially be more advantageous for certain businesses. PTET Income Tax Addback.
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