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.
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