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December 2009 » New York City Conforms Business...
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Mark H. Levin, CPA
On July 10, 2009, after five weeks of inactivity in the New York State Senate, the New York State legislature enacted two bills bringing the New York City general corporation tax (GCT) into closer conformity with the New York State franchise tax and making several substantial changes to the New York City unincorporated business tax (UBT). Governor David Paterson signed these bills into law on July 11, 2009.
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