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Level 2
October 8, 2021
Question

NYS COVID-19 SMALL BUSINESS RECOVERY GRANT

  • October 8, 2021
  • 1 reply
  • 8 views

Is the New York State Small Business Recovery Grant taxable income to the federal tax return.  

thank you

 

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1 reply

Intuit Community Champion
October 8, 2021

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.