Summary of 2022 corporation tax and personal income tax changes

Additional Restaurant Return-to-Work Credit (Articles 9-A and 22)

Allow the Power Authority of the State of New York to form a pure captive insurance company (Article 33)

Alternative fuels and electric vehicle recharging property credit (Articles 9, 9-A, and 22)

Brownfield redevelopment tax credit (Articles 9, 9-A, 22, and 33)

Clean heating fuel credit (Articles 9-A and 22)

COVID-19 capital costs tax credit program (Articles 9-A and 22)

Credit for rehabilitation expenses for historic barns (Article 22)

Credit for taxicabs and livery services vehicles accessible to persons with disabilities (Articles 9-A and 22)

Empire State apprenticeship tax credit (Articles 9-A and 22)

Empire State digital gaming media production credit (Articles 9-A and 22)

Empire State film production and Empire State film post-production credits (Articles 9-A and 22)

Farm employer overtime credit (Articles 9-A and 22)

Farm workforce retention credit (Articles 9-A and 22)

Geothermal Energy Systems Credit (Article 22)

Grade number 6 heating oil conversion credit (Articles 9-A and 22)

Health care and mental hygiene worker bonuses (Article 22)

Hire a Veteran Credit (Articles 9-A, 22, and 33)

Homeowner tax rebate credit (Article 22)

Investment tax credit (Articles 9-A and 22)

Location requirement waiver for tax credits (Articles 9-A and 22)

Low-income housing credit (Articles 9-A, 22, and 33)

New York City earned income credit (Article 22)

New York City musical and theatrical production tax credit (Articles 9-A and 22)

New York City pass-through entity tax (NYC PTET) (Articles 22, 24-B and 30)

New York State Voluntary Contributions (Article 9-A & 22)

New York youth jobs program tax credit (Articles 9-A and 22)

Pass-through entity tax (PTET) (Articles 22 and 24-A)

Personal income tax rates (Article 22)

Recoupling with Internal Revenue Code (IRC) provisions (Article 22)

Restaurant return-to-work credit (Articles 9-A and 22)

Subtraction modification for deductions related to the production and distribution of adult-use cannabis products (Articles 9-A and 22)

Subtraction modification for small businesses (Article 22)

Subtraction modification for student loan forgiveness awards (Article 22)

Supplemental payments for empire state child tax credit and earned income credit (including noncustodial parent earned income credit) (Article 22)

Use of New York 529 college savings accounts for apprenticeship programs (Article 22)

Workers with disabilities tax credit (Articles 9-A and 22)