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Federal S Corporation Election — Filing of the New York State Income Tax Return of a Domestic Corporation. Schedule of Tax Provisions Affecting New York Companies : April 18, 2007, Covered companies: Certain foreign corporations that are treated as domestic corporations in this State and that are organized in this State and that are required to file their state income tax return for the applicable tax year under a provision of State law or by this Division, unless exempted by either Division. All covered companies shall be subject to Section 1203 of the Federal Tax Law unless exempt. The schedule shall set forth the state tax amount as well as the filing status of each covered company.
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