State and Local Tax (SALT)

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The complexity and constant changes of state and local laws and regulations can create confusion and difficult for your business. The WS+B state and local tax group is committed to remaining informed of these changes as they happen. You will benefit from this knowledge through the constant communication between our experts and you. We are relentlessly looking beyond to provide you with new opportunities before they may turn into a challenge. This is part of our commitment to remain proactive rather than reactive.

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State and Local Tax Tip

New York 2013-2014 Budget Signed into Law

In late March 2013, New York Governor Cuomo signed into law the state’s 2013- 2014 budget. This is the third year in a row the state budget has been adopted on time, and that is no small accomplishment. The 2013-2014 General Fund budget gap, once projected to be $17.4 billion, has been eliminated in this budget. Additionally, state spending in the plan will increase by less than 2%. Many of the tax-related changes made in the budget are highlighted below.

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