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20 NYCRR § 3-8.10

Impact of certain corporate acquisitions on the PNOLC subtraction

Official textus-ny/regstax.ny.gov
Summarize

In a transaction to which IRC section 381(a) applies, the acquiring corporation shall succeed to the balance of the PNOLC subtraction allotments and unused PNOLC subtraction carryforward of the distributor or transferor corporation, subject to the same restrictions and limitations on the use of the PNOLC subtraction allotments and unused PNOLC subtraction carryforward to which the distributor or transferor corporation was subject.

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

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In this part (40 sections)
  1. 3-3.3 · Subtraction modifications for community banks and thrifts
  2. 3-3.4 · Royalty modification
  3. 3-4.1 · Definition of investment capital
  4. 3-4.2 · Constitutionally protected investment capital
  5. 3-4.3 · Investment capital identification procedures
  6. 3-4.4 · Presumed investment capital that fails the holding period…
  7. 3-4.5 · Definition of investment income
  8. 3-4.6 · Definition of other exempt income
  9. 3-4.7 · Attribution of interest deductions
  10. 3-4.8 · Safe harbor reduction election
  11. 3-5.1 · Definition of business capital and capital base
  12. 3-5.2 · Definition of business income and the business income base
  13. 3-6.1 · Examples. The following are examples intended to address only…
  14. 3-7.1 · New York investment capital gains or losses in taxable years…
  15. 3-7.2 · New York business capital gains or losses in taxable years…
  16. 3-7.3 · Capital losses sustained in taxable years beginning before…
  17. 3-7.4 · Capital losses sustained in taxable years beginning on or after…
  18. 3-7.5 · Application of New York net capital losses
  19. 3-7.6 · Rules for combined reports
  20. 3-7.7 · Record keeping
  21. 3-7.8 · Examples
  22. 3-8.1 · Definitions
  23. 3-8.2 · Computation of the unabsorbed net operating loss (UNOL)
  24. 3-8.3 · Examples
  25. 3-8.4 · PNOLC subtraction -- General
  26. 3-8.5 · Corporations that are not allowed a PNOLC subtraction
  27. 3-8.6 · Computation of PNOLC subtraction pool
  28. 3-8.7 · Computation of the PNOLC subtraction
  29. 3-8.8 · Impact of combined group changes on the PNOLC subtraction
  30. 3-8.9 · Examples
  31. 3-8.10 · Impact of certain corporate acquisitions on the PNOLC…
  32. 3-8.11 · Record-keeping
  33. 3-8.12 · Subsequent changes
  34. 3-9.1 · Definitions
  35. 3-9.2 · Net operating loss deduction
  36. 3-9.3 · Application of NOLs
  37. 3-9.4 · Overpayments and underpayments resulting from NOL carrybacks
  38. 3-9.5 · Income from discharge of indebtedness
  39. 3-9.6 · Carryforwards in certain corporate reorganizations and…
  40. 3-9.7 · Examples
Full table of contents →