What is the corporate tax rate in New York State?

As of my last update in October 2023, the corporate tax rate in New York State is generally 6.5% for most businesses. However, there are variations depending on specific circumstances:

Qualified New York manufacturers may benefit from a lower rate of 4.875%.
In some cases, small businesses could also be eligible for reduced rates depending on income levels and other criteria.

Please consult the latest information from the New York State Department of Taxation and Finance or speak with a tax advisor for the most current and applicable rates to your situation.