Wednesday, March 04, 2015

Taxes: Transitional Filing Provisions Affected By Legislation; Reduction of Rates for Qualified New York Manufacturers

TSB-M-15(2)C, Transitional Filing Provisions for Taxpayers Affected By Corporate Tax Reform Legislation
This memorandum explains transitional filing provisions for the 2014 and 2015 tax years for Article 32 and Article 9-A taxpayers affected by the corporate tax reform legislation that was signed into law as part of the 2014-2015 New York State budget.
To view the entire document click on the link below:
http://www.tax.ny.gov/pdf/memos/corporation/m15_2c.pdf


TSB-M-15(3)C, (3)I, Real Property Tax Credit and Reduction of Tax Rates for Qualified New York Manufacturers
This memorandum summarizes the corporate income tax benefits for qualified New York manufacturers contained in legislation that was signed into law as part of the 2014-2015 New York State budget (Part R) which created the manufacturer’s real property tax credit and reduced the corporate tax rates for qualified New York manufacturers.
To view the entire document click on the link below:
http://www.tax.ny.gov/pdf/memos/multitax/m15_3c_3i.pdf

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