Summary of 2020 corporation tax and personal income tax changes
A summary of 2020 legislative changes is provided below.
Decoupling from certain federal provisions
Empire State film production and Empire State film post-production tax credits
Employer-provided childcare credit
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
Recovery tax credit
Rehabilitation of historical properties credit
Revocation of the election to participate in the Employer Compensation Expense Program (ECEP)
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