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Tax Committee Update
January 24, 2014

The following provides an overview of the tax law changes proposed in New York's FY 2015 Executive Budget.  All provisions cited here are in S.6359/A.8559, and the bill text is available here.  A more detailed review of the Article 9A reform package will be circulated early next week.  I will appreciate any feedback from Tax Committee members on the broad components and specific language proposed here.

Corporate Tax Reform (Part A) - This proposal largely tracks prior draft legislation.  Key provisions include:

ITC and Manufacturers' Credit (Part R)

Estate Tax Reform

Tax Credits

Other Provisions