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Elective Pass-Through Entity Tax: New York State Has Joined the Ranks

Jul 29, 2021


Thursday, July 29, 2021  12:00 PM - 1:00 PM ET (9:00 AM - 10:00 AM PT)



To mitigate the impact of the state and local tax (SALT) cap at the federal level, New York State has joined the list of states that have enacted an elective pass-through entity tax. Since this tax is imposed at the entity level, it should be eligible for federal deduction and result in federal tax savings for certain pass-through entity owners, partners, or members. Like many other topics in SALT, there are a host of considerations that must be part of the decision-making process for making the election such as: tax base computation, apportionment and sourcing, resident credit issues, and more.

In this session, we will take a deeper dive into the new elective tax regime in New York, in addition to neighboring states like Connecticut, New Jersey, and Rhode Island, among others.

1 CPE credit wil be offered. 


Eugene Ruvere, CPA, MST

Jaime Reichardt, JD, LLM