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Repeal of New York State Tax Law Sections 180 and 181.

Jan 28, 2015

Effective January 1, 2015, New York State Tax Law Sections 180 and 181 were repealed. The effect of the Section 180 repeal is that domestic and foreign corporations will no longer be charged a tax on the amount of their company shares for initial incorporation or subsequent stock amendments. The effect of the Section 181 repeal is that foreign corporations will no longer be charged license and maintenance fees.