20 NYCRR § 32.8
Corporations not required or permitted to file a combined return
The following corporations may not be included in a combined return:
# (a)
A corporation that is taxable under another franchise tax imposed by the Tax Law (or would be taxable under another franchise tax if subject to tax).
# (b)
insurance corporations subject to the tax imposed by section 1502-a.
# (c)
captive insurance corporations subject to the tax imposed by section 1502-b.
Source: official source document (DTF adopted rule text, December 2023 corporate reform)
In this part (8 sections)
- 32.1 · General
- 32.2 · Capital stock requirement
- 32.3 · Substantial intercorporate transactions generally
- 32.4 · Substantial intercorporate transactions receipts and…
- 32.5 · Substantial intercorporate transactions based on asset transfers
- 32.6 · Combined group composition
- 32.8 · Corporations not required or permitted to file a combined return
- 32.9 · Examples