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20 NYCRR § 3-1.1

Computation of tax

Official textus-ny/regstax.ny.gov
Summarize

# (a)

Generally, a corporation subject to the tax imposed by article 9-A is required to pay a tax computed by one of the three bases set forth in this subdivision and must pay whichever results in the highest tax:

# (1)

the business income base tax;

# (2)

the capital base tax; and

# (3)

the fixed dollar minimum tax.

# (b)

A qualified homeowners association, as defined in section 210(1), is required only to pay the greater of the business income base tax or the capital base tax.

# (c)

For special rules concerning domestic international sales corporations (DISCs), REITs, RICs, New
York S corporations, and corporate partners, see Part 9 of this Subchapter.

# (d)

For the computation of tax on a combined report, see Subpart 6-2 of this Subchapter.

Source: official source document (DTF adopted rule text, December 2023 corporate reform)

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In this part (40 sections)
  1. 3-1.1 · Computation of tax
  2. 3-1.2 · Business income base tax
  3. 3-1.3 · Capital base tax
  4. 3-1.4 · Fixed dollar minimum tax
  5. 3-2.1 · Correcting distortions of income or capital
  6. 3-2.2 · Adjusting tax bases to period covered by report
  7. 3-2.3 · Fair market value
  8. 3-2.4 · Average value
  9. 3-2.5 · Use of dollar amounts in computing tax
  10. 3-3.1 · Definition of entire net income (ENI)
  11. 3-3.2 · Taxable year in which income or deduction is included in ENI
  12. 3-3.3 · Subtraction modifications for community banks and thrifts
  13. 3-3.4 · Royalty modification
  14. 3-4.1 · Definition of investment capital
  15. 3-4.2 · Constitutionally protected investment capital
  16. 3-4.3 · Investment capital identification procedures
  17. 3-4.4 · Presumed investment capital that fails the holding period…
  18. 3-4.5 · Definition of investment income
  19. 3-4.6 · Definition of other exempt income
  20. 3-4.7 · Attribution of interest deductions
  21. 3-4.8 · Safe harbor reduction election
  22. 3-5.1 · Definition of business capital and capital base
  23. 3-5.2 · Definition of business income and the business income base
  24. 3-6.1 · Examples. The following are examples intended to address only…
  25. 3-7.1 · New York investment capital gains or losses in taxable years…
  26. 3-7.2 · New York business capital gains or losses in taxable years…
  27. 3-7.3 · Capital losses sustained in taxable years beginning before…
  28. 3-7.4 · Capital losses sustained in taxable years beginning on or after…
  29. 3-7.5 · Application of New York net capital losses
  30. 3-7.6 · Rules for combined reports
  31. 3-7.7 · Record keeping
  32. 3-7.8 · Examples
  33. 3-8.1 · Definitions
  34. 3-8.2 · Computation of the unabsorbed net operating loss (UNOL)
  35. 3-8.3 · Examples
  36. 3-8.4 · PNOLC subtraction -- General
  37. 3-8.5 · Corporations that are not allowed a PNOLC subtraction
  38. 3-8.6 · Computation of PNOLC subtraction pool
  39. 3-8.7 · Computation of the PNOLC subtraction
  40. 3-8.8 · Impact of combined group changes on the PNOLC subtraction
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