This is the third 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 proposed changes to apportionment, discussing how the proposals vary from current law and how they will affect New York taxpayers. The next installment will explore proposed changes to New York’s traditional nexus standards.

This installment of Inside the New York Budget Bill examines the Budget Bill’s proposed changes to apportionment and discusses how those proposals vary from current law and how they will affect New York taxpayers. A chart comparing the most significant apportionment sourcing provisions of the Budget Bill to the current sourcing provisions in Articles 9-A and 32 appears at the end of this installment.