New York · statute · N.Y. General City Model 772/66 Law · 127 active provisions
Section 1. Notwithstanding any other provision of law to the contrary, any city having a population of one million or more, acting through its local legislative body, is hereby authorized and empowered to adopt and amend local laws imposing for any such city taxes on general corporations, financial corporations and tra…
PART I GENERAL PROVISIONS
Section 1. Definitions. When used in parts one through six: 1. "Taxpayer" means any corporation subject to tax; 2. "City" or "the city" means the city imposing the tax; 3. "State," "the state" or "this state" means the state of New York; 4. "Tax commission," "department of state," "department of taxation and finance,"…
PART II GENERAL CORPORATION TAX
§ 2. Definitions. When used in this part: 1. "Corporation" includes a joint-stock company or association and any business conducted by a trustee or trustees wherein interest or ownership is evidenced by certificate or other written instrument; 2. "Subsidiary" means a corporation of which over fifty per centum of the nu…
§ 3. Imposition of tax; exemptions. 1. For the privilege of doing business in the city in a corporate or organized capacity for all or any part of each of its fiscal or calendar years, every domestic or foreign corporation, except corporations specified in subdivision four of this section, shall annually pay a tax, upo…
§ 4. Computation of tax. * 1. The tax imposed by subdivision one of section three of this part shall be, in the case of each taxpayer: (a) a tax (1) for taxable years beginning on or after January first, nineteen hundred seventy-eight but before January first, nineteen hundred eighty-seven, computed at the rate of nine…
§ 4-a. Credit relating to stock transfer tax. (1) A taxpayer shall be allowed a credit, to be credited or refunded in the manner hereinafter provided in this section, against the tax imposed by this part. The amount of such credit shall be fifty per cent of the tax incurred in market making transactions under the provi…
§ 4-b. Credit relating to certain sales and compensating use taxes. (1) In addition to the credit allowed by section four-a of such chapter, a taxpayer shall be allowed a credit against the tax imposed by this part to be credited or refunded in the manner hereinafter provided in this section. The amount of such credit…
§ 4-c. Credit relating to certain expenses involved in the cost of relocating industrial and commercial employment opportunities. (1) In addition to any other credit allowed by this section, a taxpayer shall be allowed a credit against the tax imposed by this part to be credited or refunded, without interest, in the ma…
§ (4-d) Credit relating to the annual increase in certain payments to a landlord by a taxpayer relocating industrial and commercial employment opportunities. (1) In addition to any other credit allowed by this section, a taxpayer shall be allowed a credit against the tax imposed by this part to be credited or refunded,…
§ 4-e. Credit relating to certain sales and compensating use taxes. (1) in addition to any other credit allowed by this section, a taxpayer shall be allowed a credit against the tax imposed by this part to be credited or refunded in the manner hereinafter provided in this section. The amount of such credit shall be equ…
§ 4-f. Credit relating to certain sales and compensating use taxes on electricity used in manufacturing, processing or assembling. (1) (a) In addition to any other credit allowed by this part, a taxpayer shall be allowed a credit against the tax imposed by this part to be credited or refunded in the manner hereinafter…
§ 4-h. Relocation and employment assistance credit. (1) In addition to any other credit allowed by this part, a taxpayer that has obtained the certifications in accordance with subdivision (b) of section twenty-five-z of the general city law shall be allowed a credit against the tax imposed by this part. The amount of…
§ 4-i. Lower Manhattan relocation and employment assistance credit. (1) In addition to any other credit allowed by this part, a taxpayer that has obtained the certifications in accordance with subdivision (b) of section twenty-five-ee of the general city law shall be allowed a credit against the tax imposed by this par…
§ 4-j. Relocation assistance credit per employee. (1) In addition to any other credit allowed by this part other than a credit allowed by section four-h of this part, a taxpayer that has obtained the certifications in accordance with subdivision (b) of section twenty-five-gg of the general city law shall be allowed a c…
§ 5. Reports. 1. Every corporation having an officer, agent or representative within the city, shall annually on or before March fifteenth transmit to the director of finance a report in a form prescribed by him (except that a corporation which reports on the basis of a fiscal year shall transmit its report within two…
§ 6. Payment and lien of tax. 1. To the extent the tax imposed by section three of this part shall not have been previously paid pursuant to section eight of this part, (a) such tax, or the balance thereof, shall be payable to the commissioner of finance in full at the time the report is required to be filed, and (b) s…
§ 7. Declaration of estimated tax. 1. Every taxpayer subject to the tax imposed by section three of this part shall make a declaration of its estimated tax for the current privilege period, containing such information as the director of finance may prescribe by regulations or instructions, if such estimated tax can rea…
§ 8. Payments on account of estimated tax. 1. Every taxpayer subject to the tax imposed by section three of this part shall pay with the report required to be filed for the preceding privilege period, if any, or with an application for extension of the time for filing such report, an amount equal to twenty-five per cen…
§ 9. Collection of taxes. Every foreign corporation (other than a moneyed corporation) subject to the provisions of this part, except a corporation having a certificate of authority under section two hundred twelve of the general corporation law or having authority to do business by virtue of section thirteen hundred f…
§ 10. Limitations of time. The provisions of the civil practice law and rules relative to the limitation of time of enforcing a civil remedy shall not apply to any proceeding or action taken to levy, appraise, assess, determine or enforce the collection of any tax or penalty prescribed by this part, provided, however,…
PART III FINANCIAL CORPORATION TAX
SUBPART 1 TAX ON STATE BANKS, TRUST COMPANIES, FINANCIAL CORPORATIONS AND SAVINGS AND LOAN ASSOCIATIONS
§ 11. Definitions. When used in this subpart: 1. The term "financial corporation" means every corporation doing a banking business as defined in this section, other than a national banking association, a trust company all of the capital stock of which is owned by not less than twenty savings banks organized under a law…