20 CRR-NY 2500.1NY-CRR
20 CRR-NY 2500.1
20 CRR-NY 2500.1
2500.1 Disclosureof New York reportable transactions and related information.
(a) Authorization.
Section 25(a)(3) of the Tax Law authorizes thecommissioner to promulgate regulations with regard to New York reportabletransactions.
(b) Brief descriptionof a New York reportable transaction.
A New York reportable transaction is a transaction that has thepotential to be a tax avoidance transaction under article 9, 9-A,22, 32, or 33 of the Tax Law.
(c) Purpose.
Taxpayers who participate in New York reportabletransactions are required to disclose their participation to the department.
20 CRR-NY 2500.1
Current through September 30, 2022
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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.