Last week Governor Cathy Hochul gave her state of the state address. We listened very carefully to her speech. We also analyzed the written materials provided by the Governor’s office.
At this point, there are no proposals that would create a new tax on traditional or digital advertising. Of course, the New York Senate or Assembly may try to insert new taxes in their budget proposals. We are watching this issue very closely.
Of course, there are a number of other issues outlined in the Governor's State of the State address.
You can see a summary of Governor Hochul’s proposals in a memo prepared by our friends at Brown Weinraub here.