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Nonprofits

DiNapoli: Local sales-tax collections rise nearly 16 percent in April

ALBANY, N.Y. — Local government sales-tax collections increased 15.7 percent in April compared to the same month in 2021.  That’s according to an analysis that New York State Comptroller Thomas DiNapoli released May 18. Overall, local collections totaled $1.7 billion, up $232 million from April of last year. Nearly every county generated “significant” year-over-year growth […]

Comptroller audit finds SUNY schools did not follow residency requirements

ALBANY, N.Y. — A recent survey found that seven State University of New York (SUNY) campuses, including ones in Binghamton and Syracuse, did not uphold in-state residency requirements so that only eligible students received the benefit of the lower in-state tuition, according to New York State Comptroller Thomas P. DiNapoli. SUNY is the nation’s largest

VIEWPOINT: Can “Business” Activities Ever Be Charitable? N.Y Thinks Not

As we previously summarized in a prior article (https://www.bsk.com/news-events-videos/irs-provides-long-awaited-formal-guidance-on-501-c-3-llcs), the IRS recently brought much-needed clarity for limited liability companies (LLCs) seeking to be recognized as tax-exempt under Internal Revenue Code Section 501(c)(3). (IRS Notice 2021-56). Given this new guidance, we expressed optimism for expanded use of 501(c)(3) LLCs, which can have significant advantages over nonprofit corporations

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