872 – Filing of Return and Payment of Tax.
§ 872. Filing of return and payment of tax. (a) General. On or before March fifteenth following the close of the taxable year, each electing city partnership and each electing city resident S corporation must file a return for the taxable year reporting the information required pursuant to this article. For each electing city partnership […]
873 – Procedural and Administrative Provisions.
§ 873. Procedural and administrative provisions. (a) General. All provisions of article twenty-two of this chapter will apply to the provisions of this article in the same manner and with the same force and effect as if the language of article twenty-two of this chapter had been incorporated in full into this article and had […]
867 – Definitions.
§ 867. Definitions. For purposes of this article: (a) City pass-through entity tax. City pass-through entity tax means the total tax imposed by this article on an electing city partnership or an electing city resident S corporation. (b) City pass-through entity taxable income. City pass-through entity taxable income means: (1) In the case of an […]
868 – City Pass-Through Entity Tax Election.
§ 868. City pass-through entity tax election. (a) Any eligible city partnership that makes the annual election to be taxed pursuant to article twenty-four-A of this chapter in accordance with section eight hundred sixty-one of this chapter or any eligible city resident S corporation that makes the annual election to be taxed pursuant to article […]
869 – Imposition and Rate of Tax.
§ 869. Imposition and rate of tax. A tax is hereby imposed for each taxable year on the city pass-through entity taxable income of every electing city partnership and every electing city resident S corporation. This tax shall be in addition to any other taxes imposed on such partnership or such S corporation. For each […]
870 – City Pass-Through Entity Tax Credit.
§ 870. City pass-through entity tax credit. (a) Personal income tax credit. (1) A city taxpayer who is a direct partner or member in an electing city partnership or a direct shareholder of an electing city resident S corporation subject to tax under this article shall be allowed a credit against the tax imposed pursuant […]
871 – Payment of Estimated Tax.
§ 871. Payment of estimated tax. (a) Definition of estimated tax. Estimated tax means the amount that an electing city partnership or electing city resident S corporation estimates to be the tax imposed by section eight hundred sixty-nine of this article for the current taxable year. (b) General. Except as provided in subsection (c) of […]