New york sales tax rate changes
The bill made changes to nearly every tax levied by New York, including the corporate income tax, personal income tax, sales and use tax, and real property tax, as well as other important changes. CPAs should take note, as individuals and businesses across all industries will be affected by these changes. Tax Changes in the 2018/2019 New York State Budget New York City personal income tax rates have been extended to 2021. The budget bill is set to change this and provides sales tax liability relief for certain minority partners of a limited partnership or members of a limited liability company.