Don’t Forget to Take Advantage of New York’s Offerings

New York’s FY 2014-2015 included a number of attractive additions and changes to taxes and incentives. Corporations may look forward to a reduction in their franchise tax rate from 7.1% to 6.5%, effective January 1, 2016, while manufacturers will enjoy a reduced tax rate from 5.9% to 0% as of January 1, 2014 in addition to a refundable income tax credit equal to 20% of the real property taxes paid by manufacturers that own property.
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