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NJ Enacts Elective Pass-Through Business Tax to Limit Federal Cap Impact on SALT Deduction

New Jersey recently enacted the “Pass-Through Business Alternative Income Tax Act,” which allows pass-through businesses with at least one member liable for the New Jersey gross income tax to make an election to pay income...more

Billboard Tax Imposed on New York City’s Commercial Renters

Companies with ads on New York’s billboards may find that tax collectors are their first customers. New York City imposes a little-known commercial rent tax on tenants renting commercial premises in Manhattan, south of...more

New York State Tax Reform Update

Qualified manufacturers subject to the New York State Business Corporation Tax may now pay no tax on business income earned in New York....more

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