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The Department of Taxation and Finance has posted form instruction updates that may impact individual and corporate taxpayers that filed any of the following forms:
- 2018 Form CT-3, General Business Corporation Franchise Tax Return;
- 2018 Form CT-3-A, General Business Corporation Combined Franchise Tax Return;
- 2018 Form CT-3-S, New York S Corporation Franchise Tax Return;
- 2018 Form IT-204, Partnership Return;
- 2018 Form IT-641, Manufacturer’s Real Property Tax Credit; or
- 2018 Form CT-641, Manufacturer’s Real Property Tax Credit.
The definition of qualified New York manufacturer was updated to reflect changes that were part of the of the 2019–2020 New York State Budget and described in TSB-M-19(5)C, (6)I, New York State Adjusted Basis for Qualified New York Manufacturers.
If you already filed one or more of these forms for the 2018 tax year, you should file an amended return if these updates result in a change to your tax due or refund.
For more information, visit our website at Personal income tax up-to-date information for 2018 (Articles 22, and 30) and Corporation tax up-to-date information for 2018 (Articles 9-A).
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