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- Re: NYS COVID-19 SMALL BUSINESS RECOVERY GRANT
NYS COVID-19 SMALL BUSINESS RECOVERY GRANT
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coupons
Level 2
10-08-2021
12:46 PM
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Is the New York State Small Business Recovery Grant taxable income to the federal tax return.
thank you
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1 Comment 1
Terry53029
Level 14
10-08-2021
01:03 PM
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Yes
NYS has passed a law (NYS Senate Bill S7230) providing an exclusion from NYS taxable income for the amounts received pursuant to the COVID-19 pandemic small business recovery grant program, to the extent includable in federal taxable income.
