619 – Share of a Resident Estate, Trust or Beneficiary in New York Fiduciary Adjustment.
§ 619. Share of a resident estate, trust or beneficiary in New York fiduciary adjustment. (a) General. An adjustment shall be made in determining New York taxable income of a resident estate or trust under section six hundred eighteen, or New York adjusted gross income of a resident beneficiary of any estate or trust under […]
620 – Credit for Income Tax of Another State.
§ 620. Credit for income tax of another state. (a) General. A resident shall be allowed a credit against the tax otherwise due under this article for any income tax imposed on such individual for the taxable year by another state of the United States, a political subdivision of such state, the District of Columbia […]
606 – Credits Against Tax.
§ 606. Credits against tax. (a) Investment tax credit (ITC). (1) A taxpayer shall be allowed a credit, to be computed as hereinafter provided, against the tax imposed by this article. The amount of the credit shall be the per cent provided for hereinbelow of the investment credit base. The investment credit base is the […]
607 – Meaning of Terms.
§ 607. Meaning of terms. (a) General. Any term used in this article shall have the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required but such meaning shall be subject to the exceptions or modifications […]
611 – New York Taxable Income of a Resident Individual.
§ 611. New York taxable income of a resident individual. (a) General. The New York taxable income of a resident individual shall be his New York adjusted gross income less his New York deduction and New York exemptions, as determined under this part. (b) Husband and wife. (1) If the federal taxable income of husband […]
612 – New York Adjusted Gross Income of a Resident Individual.
§ 612. New York adjusted gross income of a resident individual. (a) General. The New York adjusted gross income of a resident individual means his federal adjusted gross income as defined in the laws of the United States for the taxable year, with the modifications specified in this section. (b) Modifications increasing federal adjusted gross […]
613 – New York Deduction of a Resident Individual.
§ 613. New York deduction of a resident individual. The New York deduction of a resident individual shall be his New York standard deduction unless he elects to deduct his New York itemized deduction under the conditions set forth in section six hundred fifteen of this article. If an individual taxpayer has elected to deduct […]
601 – Imposition of Tax.
§ 601. Imposition of tax. (a) Resident married individuals filing joint returns and resident surviving spouses. There is hereby imposed for each taxable year on the New York taxable income of every resident married individual who makes a single return jointly with his spouse under subsection (b) of section six hundred fifty-one and on the […]
601-A – Cost of Living Adjustment.
§ 601-a. Cost of living adjustment. (a) For tax year two thousand thirteen, the commissioner, not later than September first, two thousand twelve, shall multiply the amounts specified in subsection (b) of this section for tax year two thousand twelve by one plus the cost of living adjustment described in subsection (c) of this section. […]
603 – Separate Tax on the Ordinary Income Portion of Lump Sum Distributions.
§ 603. Separate tax on the ordinary income portion of lump sum distributions.–(a) Imposition of separate tax. In addition to any other tax imposed by this article, there is hereby imposed for each taxable year a separate tax on the ordinary income portion of a lump sum distribution of every individual, estate and trust which […]