New York A04951 amends tax law to establish a zero percent tax rate for pass-through manufacturers and extends a zero percent franchise tax to all.

New York A04951 amends the tax law to establish a zero percent tax rate for pass-through manufacturers, defined as businesses that are principally engaged in manufacturing and meet certain income criteria. The bill also extends a zero percent franchise tax to all manufacturers, excluding those participating in the START-UP NY program. The changes apply to tax years beginning on or after January 1, 2027.

New York A04951 amends tax law to establish a zero percent tax rate for pass-through manufacturers and extends a zero percent franchise tax to all.

New York A04951 amends the tax law to establish a zero percent tax rate for pass-through manufacturers, defined as businesses that are principally engaged in manufacturing and meet certain income criteria. The bill also extends a zero percent franchise tax to all manufacturers, excluding those participating in the START-UP NY program. The changes apply to tax years beginning on or after January 1, 2027.