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NYC Qualified Maufacturer

PostPosted: 20-Aug-2019 3:10pm
by mike704395
A question regarding whether a company is a "manufacturer" for New York City which will then reduce the corporate tax rate substantially.

When one moves our of either a Coop or commercial building my client (S corp) comes in and remodels the space, sometimes with major renovation (walls, floors, new bathrooms, etc) so the space can be rented or sold.

Seems to meet the NYC definition but looking for other opinions.

Also not being from New York, I do not see where on the NYC 3L you would reflect the lower tax rate.

Thanks

Mike