New York amends rates, reduces tax on qualified manufacturers

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Legislation that quickly passed both the New York Senate and Assembly was signed by Governor Cuomo on December 9, 2011. The legislation revises the state's personal income tax rates, reduces the tax rates on "qualified manufacturers," and reduces the rate of the Metropolitan Commuter Transportation Mobility Tax for some employers. [S.B. 50002, enacted 12/9/11]



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