START-UP NY Organization Tax and License and Maintenance Fees Exemption

If an approved business is located exclusively in a tax-free NY area, it is exempt from:

• the organization tax imposed on domestic corporations under Tax Law section 180, and
• the license and maintenance fees imposed on foreign corporations under Tax Law section 181.

Note: The tax and fees are repealed for tax years beginning on or after January 1, 2015.

For more information, see

• TSB-M-13(7)C, (6)I, (11)M, (1)MCTMT, (7)S, SUNY Tax-Free Areas to Revitalize and Transform Upstate New York Program (START-UP NY Program)
• Form CT-3/4-I, Instructions for Form CT-4, CT-3, and CT-3-ATT, General Business Corporation Franchise Tax Returns.