ARTICLE
29 June 2017

New York Budget Bill Closes Tax Loopholes, Extends Top Personal Income Tax Rate

On April 10, 2017, New York enacted its 2017-18 budget legislation which extends the state's top personal income tax rate for an additional two years and closes several tax loopholes.
United States Tax

On April 10, 2017, New York enacted its 2017-18 budget legislation which extends the state's top personal income tax rate for an additional two years and closes several tax loopholes. While the legislation does not contain overarching tax reform provisions as contained in the FY 2014-15 budget, it does revise various provisions governing the state's corporation franchise, personal income and sales and use tax provisions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More