New York A03246 removes the exclusion of gains on property in qualified opportunity zones in calculating taxable income.
New York A03246 amends the tax law and the administrative code of the city of New York to change how gains from qualified opportunity zones are treated in calculating taxable income. The bill removes the exclusion of gains on property in qualified opportunity zones in the calculation of income. This change applies to tax years beginning on or after January 1, 2026.
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