2023 Enacted Budget Provides a Homeowner Tax Rebate Credit for Almost 2.5 Million New Yorkers

May 7, 2022

New York Governor Kathy Hochul announced multiple tax relief investments in the historic FY 2023 Budget. The Enacted Budget includes tax relief for the middle class, small businesses, and homeowners to provide more cash for working families across the State. Key Budget victories include relief from the state taxes on motor fuels as New Yorkers face rising energy prices, accelerating the implementation of the middle-class tax cut, creating a tax credit for small businesses' COVID-19 related expenses, providing small business tax relief, and a homeowner tax rebate credit. Read press release