The enactment of a Single Sales Factor will save businesses $130 million when fully implemented.

In order to determine the New York State corporate franchise tax liability of companies that conduct a business in multiple states, a formula was created to allocate income according to three factors: sales, payroll and property.

Property Payroll Sales

Company A 50 % 50 % 10 %

Company B formula 5 + 5 + 10 (2) = 30 30 /4 = 7.5%