- June 10, 2021
- Posted by: Stratford Team
- Category: Business
Applications will be accepted starting Thursday for $800 million in state grants to help the smallest businesses recover from the pandemic – and the money may not be taxed by Albany.
The State Legislature is expected to approve a proposal from Gov. Andrew M. Cuomo to exempt the COVID-19 Pandemic Small Business Recovery Grant Program from state income tax.
Sen. Anna Kaplan (D-Great Neck), chairwoman of the small business committee, and Michael Whyland, a spokesman for the Assembly’s Democratic majority, both said on Tuesday that the bill will be voted on before the legislature’s regular session ends on Thursday.
Cuomo, in announcing the legislation to make the COVID-19 relief grants exempt from state tax, said the measure will ensure that “we can get every single dollar…
