ny-gov/new-york-state-corporate-tax-credits-by-basis-of-2rxu-2uqk

  • article 9‐a
  • credits

New York State Corporate Tax Credits by Basis of Taxation: Beginning Tax Year 2001

New York State Corporate Tax Credits by Basis of Taxation: Beginning Tax Year 2001

The Department of Taxation and Finance annually produces a mandated dataset of credit activity under the General Business Corporation Franchise Tax (Article 9‐A) to help analyze the effects of the claims.

The data used to generate this report come from an annual study file based on the latest available data drawn from New York State corporation tax returns. The totals in the summary datasets may not match the detail datasets due to rounding and disclosure requirements. The totals in the summary datasets may not match the detail data due to rounding and disclosure requirements. Total values for numbers of taxpayers and amount of credit, in addition to mean and median credit, were computed using all taxpayers in the study file.

A series of datasets presents profiles of the credits distributed by different subgroupings. These include:

• Summarization of tax credit activity by credit and component

• Summarization of tax credit activity by credit, component and basis of taxation.

• Summarization of tax credit activity by credit, component and NAICS industry description.

• Summarization of tax credit activity by credit, component and the size of the credit used.

• Summarization of tax credit activity by credit, component and the size of the entire net income of the taxpayer.

Secrecy provisions preclude providing all subgroupings for all credits and also generally require the omission of credit refund data. These datasets only contains data for corporate franchise taxpayers filing under Article 9-A. It does not include statistics for taxpayers filing as banks under Article 32 (however, starting in 2015 banks and general business corporations will file under the same tax article, Article 9A), insurance companies filing under Article 33, or taxpayers filing under any of the various sections of Article 9. Nor does it provide data for taxpayers claiming credits under Article 22, the Personal Income Tax. These taxpayers claim credit by virtue of being sole proprietors or as recipients of credit that originated with flow-through entities (i.e., S corporations, limited liability companies, or partnerships).

Columns

NameSocrata field nameColumn name in sgr mountData typeDescription
Tax Yeartax_yeartax_yearNumberTax year of the credit claim; typically, the year preceding the calendar year, although extensions and fiscal years may result in a longer interval.
Percent of Creditpercent_of_creditpercent_of_creditNumberPercentage of the amount of credit by basis of taxation within each credit type.
NotesnotesnotesTextDisclosure identifies whether the data in columns have a value, but is not reported. d/ ‐ Tax Law secrecy provisions prohibit the disclosure of data for instances of less than three taxpayers. 1/ ‐ The provisions of this credit do not allow a carryforward of excess credit. Therefore, the credit earned is the same as credit claimed. 2/ ‐ The provisions of this credit do not allow a carryforward of excess credit. However, credit earned may not equal credit claimed due to statutory credit limitations. 3/ Chapter 56 of the Laws of 2011 created the New York Youth Works Tax Credit Program. Chapter 56 of the Laws of 2015 renamed the program the Urban Youth Jobs Program Tax Credit. Chapter 59 of the Laws of 2017 further renamed the program the New York Youth Jobs Program Tax Credit. 4/ Beginning in 2016 the Beer Production Credit was renamed the Alcoholic Beverage Production Credit and expanded to include wine, liquor and cider.
Number of Taxpayersnumber_of_taxpayersnumber_of_taxpayersNumberNumber of taxpayers taking the credit.
Amount of Creditamount_of_creditamount_of_creditNumberThe amount of the credit generated, claimed, used, refunded, or carried forward in the tax year based on the credit type.
Median Amount of Creditmedian_amount_of_creditmedian_amount_of_creditNumberThe central value representing an equal number of credit values above and below it.
Credit Typecredit_typecredit_typeTextProfile of credit values consisting of the components credit earned, claimed, used and carried forward. Credit earned is the amount of credit generated in the current tax year. Credit claimed is the amount of credit that taxpayers have available to use and refund during the taxable year. Credit used is the amount of credit that taxpayers actually apply to their tax liability. Credit refunded is unused credit amounts requested as a refund or applied against the next period’s liability. Credit carried forward is any unused amount of credit that is allowed to offset tax liability in future years.
Credit Type Sort Ordercredit_type_sort_ordercredit_type_sort_orderNumberIndicator to sort the credit type.
Group Sort Ordergroup_sort_ordergroup_sort_orderNumberIndicator to sort by basis type.
Mean Amount of Creditmean_amount_of_creditmean_amount_of_creditNumberAverage amount of credit in a given category.
Tax Articletax_articletax_articleTextThe dataset only contains data for corporate franchise taxpayers filing under Article 9‐A of the Tax Law. It does not include statistics for taxpayers filing as banks under Article 32, insurance companies filing under Article 33, or taxpayers filing under any of the various sections of Article 9. Nor does it provide data for taxpayers claiming credits under Article 22, the Personal Income Tax. Starting in 2015, banks and general business corporations file under the same tax article – (Article 9‐A).
Credit Namecredit_namecredit_nameTextName of the credit. For a list of credits with detailed credit information and expiration dates, see the link to Article 9‐A credit provisions, under Additional Resources.
Basis Typebasis_typebasis_typeTextTax is based on either the entire net income (ENI) base, the capital base, the alternative minimum tax (AMT) base, or the fixed dollar minimum tax. Under corporate tax reform, the AMT is eliminated beginning in tax year 2015. The capital base phases out over a six‐year period beginning in tax year 2016. In tax year 2021 and thereafter, the capital base will also be eliminated. The ENI and capital bases represent taxpayers who began under these bases, used credits, and remained under these bases (despite the use of credits). The fixed dollar minimum and AMT bases represent two different classes of taxpayers. The bases could include taxpayers who started under one of the other bases such as ENI, but because of credits, ended up paying either the fixed dollar minimum tax or the AMT. These bases could also include taxpayers who used credits strictly to offset their subsidiary capital tax.

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