⏰ This entry is due for review. Information may not reflect the latest regulations.
Taxes
NY
NY Corporate Franchise Tax
New York imposes a corporate franchise tax on C corporations doing business in the state. The business income base rate is 6.5% for most corporations and 7.25% for those with over $5 million in New York income. The minimum tax is based on New York receipts and ranges from $25 to $200,000.
Official Source:
NY Department of Taxation and Finance
Always verify current information directly with this agency.