State Tax Day - Current, S.8, New York—Multiple Taxes: Enacted Budget Extends Refundability of Investment Tax Credit for Farmers, (Jun 1, 2026)
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied only to taxable years beginning before January 1, 2028.
Ch. 58 (A.B. 10008), Part K, Laws 2026, effective May 26, 2026