New York S02654 creates a tax credit for small businesses selling a certain percentage of products produced in New York state.

New York S02654 amends the tax law to create a tax credit for small businesses that sell a certain percentage of products produced in New York state. Eligible small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels. The credit is based on the percentage of total sales attributed to the sale of qualifying products, which include beer, wine, spirits, ciders, agricultural ingredients, dairy products, and meat products.

New York S02654 creates a tax credit for small businesses selling a certain percentage of products produced in New York state.

New York S02654 amends the tax law to create a tax credit for small businesses that sell a certain percentage of products produced in New York state. Eligible small businesses include independently or privately-owned cafes, restaurants, eateries, bars, pubs, breweries, distilleries, orchards, food trucks, retail stores, farm stands, hotels, or motels. The credit is based on the percentage of total sales attributed to the sale of qualifying products, which include beer, wine, spirits, ciders, agricultural ingredients, dairy products, and meat products.