20 NYCRR § 6-3.2

Form of reports on combined basis

Official textus-ny/regstax.ny.gov

# (a)

In all cases where a combined report is required or permitted, a combined franchise tax report must be submitted by the designated agent responsible for paying the combined tax. In addition, each member of the combined group must submit such other reports and other information that the commissioner may require.

# (b)

It is not necessary that all corporations in the combined group have the same accounting period. (See Subpart 2-1 of this Subchapter for information relating to accounting periods.) Where a corporation’s taxable year is different from that of the designated agent, the applicable taxable year of such corporation to be included in the combined group is the taxable year that ends within the taxable year of the designated agent. Only amounts from the months included in the combined report are used in the computation of tax for the period.
The commissioner may permit or require a corporation to use a different accounting period where appropriate.

# (c)

Each member of a combined group, including non-taxpayer members, annually must file an information return with the department. This required form includes a detailed schedule of information needed to compute the combined group’s tax and the fixed dollar minimum base of each taxpayer member, including but not limited to the member’s business and investment capital and business apportionment items. This required form also must include the employer identification number (EIN) of the designated agent.

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

In this part (18 sections)

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