20 NYCRR § 7-3.2
Definitions
# (a)
The term “preceding year’s tax” as used in this Subpart means the tax imposed by article 9-A for the immediately preceding calendar or fiscal year. It also means, for purposes of computing the first installment of estimated tax when an application has been filed for extension of the time for filing the report required to be filed for the immediately preceding calendar or fiscal year, the amount properly estimated as the tax imposed upon the taxpayer for such preceding calendar or fiscal year.
# (b)
The term “second preceding year’s tax” as used in this Subpart means the tax imposed by article 9-A for the calendar or fiscal year preceding the calendar or fiscal year described in the first sentence of subdivision
(a) of this section.
# (c)
For purposes of determining the calendar or fiscal year used pursuant to subdivisions (a) and (b) of this section, short taxable years will be considered.
Source: official source document (DTF adopted rule text, December 2023 corporate reform)
In this part (18 sections)
- 7-1.1 · Time for payment of tax
- 7-1.2 · Properly estimated tax
- 7-1.3 · Cessation tax
- 7-2.1 · Requirement of declaration
- 7-2.2 · Amendments of declaration
- 7-2.3 · Report as declaration or amendment
- 7-2.4 · Short periods
- 7-2.5 · Time for filing declaration of estimated tax for short taxable…
- 7-2.6 · Extension of time for filing declaration of estimated tax
- 7-3.1 · General
- 7-3.2 · Definitions
- 7-3.3 · First installment of estimated tax for certain taxpayers
- 7-3.4 · Other installments of estimated tax
- 7-3.5 · Impact of amendments of declaration on estimated payments
- 7-3.6 · Application of installments based on preceding and second…
- 7-3.7 · Short taxable years
- 7-3.8 · Extension of time
- 7-3.9 · Payments of installments in advance