New York Shifting Sales Tax Receipts to Help Hospitals (4)

New York is diverting sales tax proceeds to help struggling hospitals, and Massachusetts tax revenue actually came in ahead of expectations in March. In California, meanwhile, business groups aren’t entirely pleased, but counties agreed to waive interest and fees on late property taxes. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Friday’s coverage click here. Here’s a state-by-state roadmap.

New York State will withhold a total of $250 million annually in sales tax revenue from local governments for two years, instead placing the money in a fund for ...