New York S08746 amends tax law to include wages, benefits, and related employment taxes in receipts for professional employer organization services.

New York S08746 modifies the tax law to ensure that receipts from professional employer organization services include wages, benefits, and related employment taxes. This applies if these amounts are included in the calculation of the business income base or the combined business income base. The bill specifies that taxpayers must exercise due diligence to determine the inclusion of these receipts in the apportionment fraction. The changes take effect immediately and apply to taxable years beginning on and after January 1, 2015.

New York S08746 amends tax law to include wages, benefits, and related employment taxes in receipts for professional employer organization services.

New York S08746 modifies the tax law to ensure that receipts from professional employer organization services include wages, benefits, and related employment taxes. This applies if these amounts are included in the calculation of the business income base or the combined business income base. The bill specifies that taxpayers must exercise due diligence to determine the inclusion of these receipts in the apportionment fraction. The changes take effect immediately and apply to taxable years beginning on and after January 1, 2015.