Article 9-A general business corporation franchise tax credits beginning tax year 2001
This data provides an accounting of credit activity under the General Business Corporation Franchise Tax (Article 9-A), as mandated by Section 109(a) of the Business Tax Reform and Rate Reduction Act of 1987. Credit activity attributable to banks (prior to 2015), insurance companies and utilities are not included because such entities are taxable under other Tax Law articles. Starting in 2015, banks (formerly Article 32) and general business corporations (Article 9-A) file under the same tax article. In addition, it does not include credit activity attributable to partnerships, LLCs, Subchapter S corporations or sole proprietorships. Credits are earned at the entity level, but are provided to the owners of businesses conducting their activities in these forms under Article 22, the personal income tax.
The data used to generate this report come from an annual study based on the available data drawn from New York State corporation tax returns. These data pertain to corporations whose taxable year began between January 1st and December 31st. This timeframe defines the tax liability year for each annual study.
The following data sets are accessible through New York State’s Open Data site, Open New York. Statistical table views are available to provide tables comparable to those found in prior year reports. All data can be downloaded in multiple static formats.
- Corporate Tax Credit Utilization
- Corporate Tax Credits by Basis of Taxation
- Corporate Tax Credits by Major Industry Group
- Corporate Tax Credits by Size of Entire Net Income
- Corporate Tax Credits by Size of Credit Used
For general information and links to related tax forms see General business corporation (Article 9-A) tax credits.
For credit effective dates and more detailed information see Article 9-A Credit Provisions.