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New York imposes a corporate franchise tax on all domestic corporations which are incorporated in...

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Accounting

New York imposes a corporate franchise tax on all domestic corporations which are incorporated in the state and on foreign corporations for (1) doing business, (2) employing capital in NY, (3) owning or leasing property in NY, (4) maintaining an office in NY or (5), satisfies the economic nexus requirement.

This statement is TRUE

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