MACNY advocacy.
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Legislative Update on Pass-Through Income Tax Cut Legislation
Date: May 8, 2019
S.4671 Kaplan/A.636A Stirpe was unanimously approved with a vote of 6-0 on April 30th by the Senate Budget and Revenue Committee. It then advanced to the Senate Finance Committee. This bill would provide a zero-percent tax rate for all manufacturers in New York, allowing pass-through manufacturers to invest more back into their businesses. To view bill actions visit: https://www.nysenate.gov/legislation/bills/2019/s4671