For tax year 2015, current law provides a moderately lower corporate franchise tax rate for small businesses than for large ones — 6.5 percent versus 7.1 percent. (governor.ny.gov)
Moreover, the tax reductions included in the Executive Budget are broad based, providing benefits to the majority of corporate franchise tax payers, and their benefits focus on current New York state business employers and taxpayers. (bcnys.org)
The budget should cap state spending, include a plan to freeze and ultimately cut property taxes, fast - track the elimination of the 18A energy tax that is passed on to consumers, cut the Estate and job - killing Corporate Franchise Tax, and reduce burdensome and unnecessary bureaucratic red tape that stifles job growth.» (jimtedisco.com)