New York Governor Signs Bill Conforming NYC to State Corporate Tax Reform - McDermott Will & Emery

New York Governor Signs Bill Conforming NYC to State Corporate Tax Reform

Overview


Maria Eberle, Lindsay LaCava, and Alysse McLoughlin were noted as authors of a special report on New York State legislation that brings New York City into conformity with state corporate tax law changes made in 2014. Before the new legislation there was “concern among taxpayers about having to comply with two completely different sets of rules” for the state and city, the authors wrote, noting as well that without the change the City would have lost the benefit of the joint audits it currently conduct with New York State.