New S-Corporation Franchise Tax Minimum Tax Payments

This is new for Tax Year 2008.

New York S corporations taxable under Article 9-A are required to pay
the fixed dollar minimum tax.

Fixed dollar minimum tax for all New York S corporations.
Not more than $100,000 $ 25 *
More than $100,000 but not over $250,000 $ 50 *
More than $250,000 but not over $500,000 $ 175 *
More than $500,000 but not over $1,000,000 $ 300
More than $1,000,000 but not over $5,000,000 $ 1,000
More than $5,000,000 but not over $25,000,000 $ 3,000
Over $25,000,000 $ 4,500