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Article 9-A─Franchise tax on S corporations

Information on this page relates to a tax year that began on or after January 1, 2015. See S corporations - tax years beginning before January 1, 2015, for S corporation information for years prior to corporate tax reform. 

If your shareholders have made an S election for federal purposes, you should be aware that New York State does not automatically treat your company as a New York S corporation unless you are mandated to file as an S corporation under Tax Law § 660(i). Therefore, unless you are mandated, you need to qualify to make the election to be a New York S corporation and follow the steps outlined below.