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The Inflation Reduction Act of 2022, P.L. 117-169, revised the credit for electric vehicles (EVs). For vehicles purchased in 2023 through 2032, a credit of up to $7,500 is available to buyers of new qualified plug-in EVs or fuel cell electric vehicles. For many car buyers, this credit will be vital in making the decision to purchase an EV.First, to qualify for the credit, a married, filing jointly, taxpayer must have no more than $300,000 in modified gross income (either for the year of delivery [...]

The New York State Liquor Authority (the “SLA”) is taking significant steps to cut down on the agency’s sizable licensing backlog. The current estimated processing time of an application is 24-26 weeks, with even temporary permit processing typically taking close to two months. In an effort to cut down on processing times, the SLA in September announced an initiative to simplify the application process. Thomas Donohue, the Deputy Commissioner of Licensing for the Authority [...]