20 CRR-NY 3-4.3NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 20. DEPARTMENT OF TAXATION AND FINANCE
CHAPTER I. FRANCHISE AND CERTAIN BUSINESS TAXES
SUBCHAPTER A. BUSINESS CORPORATION FRANCHISE TAX
PART 3. METHODS OF COMPUTING TAX
SUBPART 3-4. TAX MEASURED BY THE MINIMUM TAXABLE INCOME BASE
20 CRR-NY 3-4.3
20 CRR-NY 3-4.3
3-4.3 Taxable year in which income or deduction is included in minimum taxable income.
Tax Law, ยง 208(8-B)(d)
In general, the method of accounting used in computing taxable income for Federal income tax purposes is used in computing minimum taxable income. However, whenever the Commissioner deems it necessary in order to properly reflect the minimum taxable income of the taxpayer, the Commissioner may determine the taxable year or period in which any item of income or deduction shall be included, without regard to the method of accounting used by the taxpayer for Federal income tax purposes.
20 CRR-NY 3-4.3
Current through February 28, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.