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    NYS COVID-19 SMALL BUSINESS RECOVERY GRANT

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    Level 2
    ‎10-08-2021 12:46 PM

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

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    1 Comment 1
    Terry53029
    Level 14
    Level 14
    ‎10-08-2021 01:03 PM

    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.







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