New for 2020
A summary of 2020 legislative changes is provided below.
Personal income tax
- Decoupling from certain federal provisions
- Empire State film production and Empire State film post-production tax credits
- Excelsior jobs program tax credit
- Hire a veteran credit
- Long-term care insurance credit
- New York call center jobs act
- New York City resident tax rates
- New York State campaign finance fund
- START-UP NY program applications
- Tax Department authorized to provide unclaimed tax benefits
- Television writers’ and directors’ fees and salaries credit
- Warrantless state tax debt collection methods
Corporation taxes
- Decoupling from certain federal provisions
- Empire State film production and Empire State film post-production tax credits
- Excelsior jobs program tax credit
- Hire a veteran credit
- New York call center jobs act
- Revocation of the election to participate in the Employer Compensation Expense Program (ECEP)
- START-UP NY program applications
- Television writers’ and directors’ fees and salaries credit
- Warrantless state tax debt collection methods
Sales tax
- Sales and use tax exemptions on certain purchases of tangible personal property and services for leased commercial office space in Lower Manhattan are extended
- Alcoholic beverage licensees’ exclusion from filing the annual sales tax information return updated and expanded
- Sales tax rate changes
- Paper carryout bag reduction fee
- START-UP NY program applications
Other tax types
Alcoholic beverages tax
- Alcoholic beverages tax on liquor containing 2% or less of alcohol by volume
- Alcoholic beverages tax interdistributor exemption
Cigarette and tobacco products tax
Updated:
