Updated Reporting Requirements for NY Tax-Exempt Organizations
By Eitan Balloul, Tax Manager, Not-for-Profit In November of 2021, Governor Kathy Hochul of New York signed bill A1141A/S4817A to repeal NY Executive § Law 172-b. This law required certain exempt organizations who were registered with the New York State Attorney General (Department of Law) to submit an additional filing with the New York Department of State.
Executive § Law 172-b became effective on January 1, 2021, and to many Exempt Organizations, it meant the burden...
