Figure 2: Proposed Top Marginal Corporate Franchise
Tax Rates in NYS, the MTA Region, NYC, and NJ

Note: NYC Corporate Franchise Tax (CFT) is deductible from income sourced to NYS for the NYS CFT, which reduces the marginal State rate. The MTA surcharge is 30% of the State CFT liability for income sourced to the MTA region.
Source: City of New York, Department of Finance, "Business corporation tax;" State of New York, Department of Taxation and Finance, "CT-3-M_I: General Business Corporation MTA Surcharge Return 2024 - Instructions;" and Tax Foundation, "State Corporate Income Tax Rates and Brackets, 2025." Get the dataDownload image