New York’s corporate tax landscape has gone through major changes over the past decade. In 2014-2015, New York State completed a comprehensive overhaul of its corporate franchise tax regime under Article 9-A in an effort to modernise the tax system and bring it in line with national trends. New York City followed with parallel reforms to its Business Corporation Tax. These reforms impacted nearly every aspect of corporate taxation from apportionment and sourcing rules to the treatment of various entity types.
Nearly a decade later, New York State finalised its regulations, and taxpayers and tax professionals are still working their way through the complexities of the reformed system. While reform has brought clarity in some areas, there remain several key issues that businesses need to keep on their radar, such as the new market sourcing rules, continued differences between State and City regimes, and evolving nexus standards that may expose businesses to tax obligations to which they were previously immune.
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"Corporate Tax 2026 – USA – New York," by Eugene J. Gibilaro and Joshua M. Sivin was published in Chambers and Partners on March 18, 2026.