Client Alert

New York State Tax Department Releases Draft Corporate Tax Nexus Regulations for Comment

04 Sep 2015

On September 2, 2015, the New York State Department of Taxation and Finance released draft amendments to the Article 9-A corporate franchise tax regulations to address significant changes relating to statutory nexus under recently enacted corporate tax reform legislation. The changes include the adoption of economic nexus standards that went into effect for tax years beginning on or after January 1, 2015.

This release is the first time that the Department has posted draft regulation amendments on its website seeking public comment prior to formally proposing those amendments under the State Administrative Procedure Act, likely due to the broad scope of the tax reform legislation. The Department is inviting comments on the draft amendments by December 3, 2015.

Read the text of the draft regulation amendments.

Close

Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.