On August 17, 2023, the New York State Department of Taxation and Finance updated its website to include new and updated information issued in connection with the New York State Pass-Through Entity Tax (PTET).  The law creating the PTET was enacted in New York in 2021 and allows eligible partnerships and S corporations to elect to pay tax on certain forms of pass-through income on behalf of its partners, members, or shareholders, who may then be eligible for a corresponding credit on their individual NYS income tax returns.  These most recent updates coul