Computation of Property Percentage of the Apportionment Factor for Personal Income Tax
NY-ADR
7/27/16 N.Y. St. Reg. TAF-21-16-00002-A
NEW YORK STATE REGISTER
VOLUME XXXVIII, ISSUE 30
July 27, 2016
RULE MAKING ACTIVITIES
DEPARTMENT OF TAXATION AND FINANCE
NOTICE OF ADOPTION
I.D No. TAF-21-16-00002-A
Filing No. 692
Filing Date. Jul. 12, 2016
Effective Date. Jul. 27, 2016
Computation of Property Percentage of the Apportionment Factor for Personal Income Tax
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of sections 132.15(d), 262.2(a), (b) and (c) of Title 20 NYCRR.
Statutory authority:
Tax Law, sections 171, subd. First, 631(c), 697(a) and 1332(a); Code of the City of Yonkers, sections 15-108 and 15-118
Subject:
Computation of property percentage of the apportionment factor for personal income tax.
Purpose:
To clarify that the property percentage includes rented tangible personal property in the apportionment factor.
Text or summary was published
in the May 25, 2016 issue of the Register, I.D. No. TAF-21-16-00002-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Kathleen D. O'Connell, Tax Regulations Specialist 1, Department of Taxation and Finance, Office of Counsel, Building 9, W.A. Harriman Campus, Albany, NY 12207, (518) 530-4153, email: [email protected]
Initial Review of Rule
As a rule that requires a RFA, RAFA or JIS, this rule will be initially reviewed in the calendar year 2019, which is no later than the 3rd year after the year in which this rule is being adopted.
Assessment of Public Comment
The agency received no public comment.
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