New York A10273 amends the tax law to add certain deductions related to property and domestic research or experimental expenditures to federal.

New York A10273 amends the tax law to include specific deductions related to property and domestic research or experimental expenditures in federal adjusted gross income. This applies to taxable years beginning on or after January 1, 2025. The bill affects deductions related to qualified production property, section 179 property, and foreign and domestic research or experimental expenditures. These changes impact taxpayers who have made deductions under the Internal Revenue Code for these specific types of expenditures.

New York A10273 amends the tax law to add certain deductions related to property and domestic research or experimental expenditures to federal.

New York A10273 amends the tax law to include specific deductions related to property and domestic research or experimental expenditures in federal adjusted gross income. This applies to taxable years beginning on or after January 1, 2025. The bill affects deductions related to qualified production property, section 179 property, and foreign and domestic research or experimental expenditures. These changes impact taxpayers who have made deductions under the Internal Revenue Code for these specific types of expenditures.