Taxation of Corporations and Personal Income in New York |
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Page 6
... and collection . This procedure is in the main common to the entire system of state taxation and is treated in Part III of the book . CHAPTER II . THE SYSTEM OF TAXING STOCK CORPORATIONS FOR 6 CORPORATION TAX ( ART . 9 )
... and collection . This procedure is in the main common to the entire system of state taxation and is treated in Part III of the book . CHAPTER II . THE SYSTEM OF TAXING STOCK CORPORATIONS FOR 6 CORPORATION TAX ( ART . 9 )
Page 11
... entire property or assets . Rate of tax . - The rate or amount of the tax is one - twentieth of one per cent . on the authorized amount of capital stock , but in no case shall this tax be less than ten dollars . Prior to 1901 , the rate ...
... entire property or assets . Rate of tax . - The rate or amount of the tax is one - twentieth of one per cent . on the authorized amount of capital stock , but in no case shall this tax be less than ten dollars . Prior to 1901 , the rate ...
Page 32
... entire capital stock of $ 100,000 is invested in this state , paid a dividend of eight per cent . , it would be subject to a franchise tax under section 182 of the Tax Law of one - fourth of a mill for each one per cent . of dividend ...
... entire capital stock of $ 100,000 is invested in this state , paid a dividend of eight per cent . , it would be subject to a franchise tax under section 182 of the Tax Law of one - fourth of a mill for each one per cent . of dividend ...
Page 37
... entire fiscal year and divide it by the number of days . The same general principles were applied prior to the amendment of 1906 in ascertaining the average value of the capital employed during the year . If the capital was employed for ...
... entire fiscal year and divide it by the number of days . The same general principles were applied prior to the amendment of 1906 in ascertaining the average value of the capital employed during the year . If the capital was employed for ...
Page 38
... entire business is in New York and has been acquired from a firm of similar name doing business in New York , together with the good - will of that firm , the value of the good - will and name of the firm is part of the capital employed ...
... entire business is in New York and has been acquired from a firm of similar name doing business in New York , together with the good - will of that firm , the value of the good - will and name of the firm is part of the capital employed ...
Other editions - View all
The Taxation of Corporations and Personal Income in New York Henry Montefiore Powell,Etc New York Laws No preview available - 2018 |
Taxation of Corporations and Personal Income in New York Henry Montefiore Powell,New York No preview available - 2023 |
Common terms and phrases
accounts receivable allowed amended amount annual apply apportionment Article 9-a assessed assets average basis beneficiary bonds calendar capital stock employed cent centum certiorari chapter compensation comptroller computed Connecticut cost court depletion depreciation determined distribution dividends earnings employees entire net income estate or trust ex rel excess profits tax expenses fair market value Federal fiduciary filed fiscal foreign corporation franchise tax gross income included Income Tax Law individual interest inventory issued capital stock joint stock company liable manufacturing nonresident par value partnership payable payment penalty personal service poration premiums prior purpose real estate real property received resident return of income salaries section 182 sources statute subd subdivision tangible personal property tax commission tax imposed taxable income taxation taxpayer thereof tion transacted Treasury Department United United States Treasury withholding agent York
Popular passages
Page 637 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Page 252 - Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the Income.
Page 636 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer...
Page 639 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 325 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 294 - If, however, an intangible asset acquired through capital outlay is known from experience to be of value in the business for only a limited period, the length of which can be estimated from experience with reasonable certainty, such intangible asset may be the subject of a depreciation allowance, provided the facts are fully shown in the return or prior thereto to the satisfaction of the Commissioner.
Page 608 - States); (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 445 - ... privileges and immunities of citizens of the States. It threw around them in that clause no security for the citizen of the State in which they were claimed or exercised. Nor did it profess to control the power of the State governments over the rights of its own citizens. Its sole purpose was to declare to the several States, that whatever those rights, as you grant or establish them to your own citizens, or as you limit or qualify, or impose restrictions on their exercise, the same, neither...
Page 288 - Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business...
Page 581 - In the case of merchandise purchased since the beginning of the taxable year, the invoice price less trade or other discounts, except strictly cash discounts approximating a fair interest rate, which may be deducted or not at the option of the taxpayer, provided a consistent course is followed. To this net invoice price should be added transportation or other necessary charges incurred in acquiring possession of the goods.