1520 – Tax Surcharge.
§ 1520. Tax surcharge. (a) In addition to the tax imposed under sections fifteen hundred one and fifteen hundred ten of this article, there is hereby imposed, (1) for taxable years ending after June thirtieth, nineteen hundred eighty-nine and before July first, nineteen hundred ninety a tax surcharge at the rate of two and one-half […]
1504 – Allocation.
§ 1504. Allocation. (a) Allocation of entire net income. The portion of entire net income of a taxpayer to be allocated within the state shall be the amount determined by multiplying such income by the income allocation percentage determined by: (1) ascertaining the percentage which the taxpayer’s New York premiums for the taxable year bear […]
1505 – Limitation on Tax.
§ 1505. Limitation on tax. (a) (1) Domestic, foreign and alien insurance corporations except life insurance corporations. Notwithstanding the provisions of sections fifteen hundred one and fifteen hundred ten of this article, and except as otherwise provided in paragraph two of this subdivision, the amount of taxes imposed under such sections for taxable years beginning […]
1505-A – Metropolitan Transportation Business Tax Surcharge on Insurance Corpo Rations.
§ 1505-a. Metropolitan transportation business tax surcharge on insurance corporations. (a) (1) Every domestic insurance corporation and every foreign or alien insurance corporation, and every life insurance corporation described in subdivision (b) of section fifteen hundred one of this article, for the privilege of exercising its corporate franchise, or of doing business, or of employing […]
1510 – Additional Franchise Tax on Insurance Corporations.
§ 1510. Additional franchise tax on insurance corporations. (a) Domestic, foreign and alien insurance corporations except life insurance corporations. Except as hereinafter provided, for taxable years beginning before January first, two thousand three every domestic insurance corporation, every foreign insurance corporation and every alien insurance corporation, other than such corporations transacting the business of life […]
1511 – Credits.
§ 1511. Credits. (a) Credit for certain other premium taxes. In computing the tax imposed by this article there shall be allowed a credit for the amount of taxes paid or accrued by the taxpayer during the taxable year on premiums for any insurance against loss or damage by fire under section nine thousand one […]
1512 – Exemptions.
§ 1512. Exemptions. (a) This article shall not apply to: (1) the government of the United States, or of any state or municipality thereof, or any instrumentality of any such government; (2) any charitable, religious, missionary, educational or philanthropic non-stock corporation that would have been excepted from the classification of the business of insurance by […]
1513 – Declarations of Estimated Tax.
§ 1513. Declarations of estimated tax. (a) Requirements of declaration.–Every taxpayer subject to the taxes imposed under this article shall make a declaration of its estimated tax for the current taxable year, containing such information as the commissioner of taxation and finance may prescribe by regulations or instructions, if such estimated tax can reasonably be […]
1502-A – Tax on Non-Life Insurance Corporations.
§ 1502-a. Tax on non-life insurance corporations. In lieu of the tax imposed by section fifteen hundred one of this article, every domestic insurance corporation, every foreign insurance corporation and every alien insurance corporation, other than such corporations transacting the business of life insurance, (1) authorized to transact business in this state under a certificate […]
1502-B – Computation of Tax for Captive Insurance Companies.
§ 1502-b. Computation of tax for captive insurance companies. (a) In lieu of the taxes and tax surcharge imposed by sections fifteen hundred one, fifteen hundred two-a, fifteen hundred five-a, and fifteen hundred ten of this article, every captive insurance company licensed by the superintendent of financial services pursuant to the provisions of article seventy […]