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Note:  This is the first in a series of articles that will cover strategies for changing residency, surviving an audit, and challenging a negative result.New York State is arguably the most onerous income tax jurisdiction in the country. This has led many New York residents to change their residency to reduce their tax burden on income not effectively connected to New York. This includes business income from around the United States and the world, as well as investment income in retirement. [...]

With the passage of the Fiscal Year 2024 Budget, Governor Kathy Hochul made significant strides toward making “the Empire State a more affordable, more livable, safer place for all New Yorkers.”  The 2024 Budget includes a number of new programs and protections that benefit affordable housing developers and owners, as well as support the development of new affordable housing throughout New York State.  “The Governor and Legislature have created new and significant [...]

In its Fiscal Year 2024 Budget, New York State passed significant measures expanding access to affordable housing across the State, moving the ball forward on Governor Kathy Hochul’s ambitious plan to “make the Empire State a more affordable, more livable, safer place for all New Yorkers.”  These measures include tax exemptions for creating affordable housing, protections against insurance discrimination for affordable housing property owners, and support for developing [...]