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Old 07-22-2008, 04:37 PM
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Latest on New York State Multi-State Corporation Tax Issues

There is some excellent news regarding New York State Multi-State Corporation tax. Effective 2007, taxpayers in New York will be able to compute their business allocation percentage based solely on receipts from in-state sales.

This particular corporate tax incentive was originally planned to be effective in 2008, but was moved up to 2007.

Prior to 2007, a New York State Multi-State Corporation tax return was required to allocate the business allocation percentage based on a 3-Factor allocation formula.

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