20 CRR-NY 52.1NY-CRR
20 CRR-NY 52.1
20 CRR-NY 52.1
52.1 Payment of tax by use of stamps.
(a) The tax must be paid by affixing and cancelling New York stock transfer tax stamps in all cases, except with respect to a transaction executed or effectuated within the State of New York by:
(1) brokers who are members of a registered securities exchange within the State of New York; or
(2) dealers in securities who are not members of such an exchange and who have filed with the commissioner written notice of their election to pay the tax to the commissioner without the use of stamps.
(b) Rebates when the tax is paid by the use of stamps.
Claims for the rebate of any tax paid when such tax is paid by the use of stamps must be presented on the appropriate form as prescribed by the department. In addition to any other information required by the department, the original purchase receipt for the stamps at issue must be included with the rebate claim.
20 CRR-NY 52.1
Current through February 28, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, 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 Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.