Inside The New York Budget Bill Part Five: Net Operating Losses And Tax Credits

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.

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