Tax Rates for New York Manufacturers

For taxable years beginning on or after January 1, 2012, and before January 1, 2015:

• The Article 9-A rate on the entire net income base for eligible qualified New York manufacturers has been reduced to 3.25%.

• The tax rate on the minimum taxable income base for Article 9-A taxpayers that are eligible qualified New York manufacturers has been reduced to 0.75%.

• The amount of the fixed dollar minimum tax for eligible qualified New York manufacturers will be one-half of the amounts set in the law for other Article 9-A taxpayers.

The Tax Department will establish guidelines and criteria to determine if a qualified New York manufacturer (as currently defined in the Tax Law) meets the requirements to be considered an eligible qualified New York manufacturer.

Among other factors, the criteria may include regional unemployment, the economic impact that manufacturing has on the surrounding community, population decline within the region, and median income within the region in which the manufacturer is located.

TSB-M-12(3)C Corporation Tax February 13, 2012

Tax Law sections 210.1(a)(vi), 210.1(c)(ii), and 210.1(d)(5)