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New York Legislative Tracker: Budget Proposal February 3, 2021 Update | Hodgson Russ LLP


Gaming Initiatives; and
Fee Actions
While the Executive Budget contains a variety of important provisions, we will spend this week discussing noteworthy proposals under the following categories: Responding to COVID-19, Enforcement and Compliance Initiatives, and Other Actions which are found in either the Revenue Bill (“REV”) or the Transportation, Economic Development, and Environmental Conservation Bill (“TED”), as indicated below. Two of the more interesting proposals include allowing the Department of Taxation and Finance the ability to appeal Tax Appeals Tribunal decisions and the proposed pass-through entity workaround to the limitation on federal state and local tax deductions. Next week, we’ll dive into the remaining initiatives in the Executive Budget before returning back to our weekly legislative updates. ....

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