This is the fifth installment of a series that takes an inside look at the corporate tax reform proposals in Governor Andrew Cuomo's 2014–15 New York Budget Bill. This proposed reform is sweeping and, if enacted, is likely to result in major changes for many New York corporate taxpayers. This installment of Inside the New York Budget Bill examines the Budget Bill's provisions regarding net operating losses and the most significant changes and additions regarding tax credits.

Please click here to read the full newsletter.

Please click here to read Part Four of this series.

Please click here to read Part Three of this series.

Please click here to read Part Two of this series.

Please click here to read Part One of this series.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.