20 NYCRR § 3-8.6

Computation of PNOLC subtraction pool

Official textus-ny/regstax.ny.gov

# (a)

The PNOLC subtraction pool for a taxpayer that was not a member of a combined group in its base year is computed as follows:

# (1)

Determine the tax value of the taxpayer’s UNOL. The tax value of the UNOL is the product of:
(i) the amount of the taxpayer's UNOL;
(ii) the taxpayer's base year BAP; and
(iii) the taxpayer's base year tax rate.

# (2)

Compute the PNOLC subtraction pool. Divide the tax value of the UNOL, as determined pursuant to paragraph (1) of this subdivision, by 6.5% (the conversion percentage). The result is the taxpayer's PNOLC subtraction pool.

# (b)

The PNOLC subtraction pool for a corporation that was a member of a combined group in its base year, whether or not the corporation was a taxpayer in its base year, is computed as follows:

# (1)

Determine the tax value of the corporation’s UNOL. The tax value of the corporation’s UNOL is the product of:
(i) the amount of the corporation’s UNOL;
(ii) the combined group's base year BAP; and
(iii) the combined group's base year tax rate.

# (2)

Compute the PNOLC subtraction pool. Divide the tax value of the corporation’s UNOL, as determined pursuant to paragraph (1) of this subdivision, by 6.5% (the conversion percentage). The result is the corporation’s PNOLC subtraction pool.

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

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