Week of 11/9/2009 thru 11/13/2009
Important Publications and Notices
As of January 1 of each year, certain personal income tax return preparers are required to obtain this publication and give a copy to each of their customers before any further discussions with them. See the Tax Department Web site for more information at www.nystax.gov.
Effective September 1, 2005, an exemption has been granted from New York State sales and use tax on the retail sale and installation of residential solar energy systems equipment. See TSB‑M‑05(11)S, Sales and Use Tax Exemption for Residential Solar Energy Systems Equipment.
This publication lists the Articles 12-A and 13-A fuel tax rates. The Article 13-A (petroleum business tax) rates
are being adjusted effective January 1, 2010, because the Tax Law requires an annual adjustment.
This publication lists the petroleum business tax rates for commercial vessels. The rates are being adjusted effective January 1, 2010, because Tax Law Article 13-A requires an annual adjustment.
Up-to-date Forms Information
- Up-to-Date Information Affecting Your 2008 Tax Return
Visit our Income Tax and Corporation Tax Up-to-Date Information page for tax law changes or corrections that occurred after the forms and instructions were printed and which may affect your 2008 tax return.
Press Release
New York State Department of Taxation and Finance Deputy Commissioner William Comiskey, of the Office of Tax Enforcement, delivered testimony on Tuesday, October 27, 2009, before the Senate Standing Committee on Investigations and Government Operations which is investigating the sales of untaxed cigarettes from various Indian reservation retails throughout the state.
New York State Department of Taxation and Finance Acting Commissioner Jamie Woodward announced that Mark Andrew Moore, 40, of 865 Amsterdam Ave., who claimed to be the CEO of a fictitious Internet-based company, was arrested recently for failing to file New York State personal income tax returns for two consecutive years.
Policy and Statistical Reports
The Reported Effects of the Captive REIT & RIC Legislative Amendments report, prepared by the Department's Office of Tax Policy Analysis, was mandated by Part FF-1 of Chapter 57 of the Laws of 2008. It provides data on the reported effects of amendments made to the Tax Law in 2007 and 2008 regarding the tax treatment of real estate investment trusts (REITs) and regulated investment companies (RICs).
Empire State Film Production Tax Credit Report - October 2009 Chapter 60 of the Laws of 2004 created the Empire State Film Production credit to promote film and television production in New York State. The credit is available under Article 9-A, the Franchise Tax on Business Corporations, and Article 22, the Personal Income Tax. As enacted, the credit was limited to $25 million annually and was scheduled to expire on August 20, 2008. The credit has since been amended three times.
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