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 […]
605 – General Provisions and Definitions.
§ 605. General provisions and definitions. (a) Accounting periods and methods. (1) Accounting periods. A taxpayer’s taxable year under this article shall be the same as his taxable year for federal income tax purposes. (2) Change of accounting periods. If a taxpayer’s taxable year is changed for federal income tax purposes, his taxable year for […]
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 […]
521 – Definitions.
§ 521. Definitions. For purposes of this article, the following definitions shall apply unless a different meaning is clearly required: (a) “Person” shall include an individual, co-partner, society, association, corporation, joint stock company, lessee, and any combinations of individuals; an executor, administrator, receiver, trustee or other fiduciary. (b) Qualified motor vehicle. (1) “Qualified motor vehicle” […]
522 – Licenses.
§ 522. Licenses. (a) License and decal required. Each carrier shall apply to the commissioner for a fuel use license and a decal or decals for each qualified motor vehicle operated or to be operated by it on the public highways in this state. An original or renewal application shall be made on a form […]
523 – Fuel Use Tax.
§ 523. Fuel use tax. (a) Imposition. There is hereby imposed on and after January first, nineteen hundred ninety-six a tax on fuel use for the privilege of operating any qualified motor vehicle upon the public highways of this state. (b) Rate of tax. The tax imposed by this section shall be at a composite […]
524 – Credits and Refunds.
§ 524. Credits and refunds. (a) Purchases. Every carrier subject to the tax imposed by this article shall be entitled to a credit against such tax determined by adding together the following components: (1) a fuel tax component computed by multiplying the number of gallons of motor fuel or diesel motor fuel purchased by such […]