Stroock Special Bulletin
"New York Imposes Filing Fees For Partnerships"
On July 8, 2009, the New York State Department of Taxation and Finance issued a Technical Service Bulletin (the “Bulletin”) discussing the recent amendment to Section 658(c)(3) of the New York Tax Law and the filing fee that currently applies to partnerships.1 Prior to the amendment to Section 658(c)(3), only certain limited liability companies (“LLCs”) and limited liability partnerships (“LLPs”) were subject to filing fees. Now a filing fee will also apply to general and limited partnerships having New York source gross income of $1 million or more. The filing fee is effective for tax years beginning on or after January 1, 2009, and is payable within 30 days after the last day of each partnership tax year.