Laws of the State of New York, Volume 21966 - Session laws |
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Page 1591
... income " means entire net income minus invest- ment income ; 8. " Entire net income " means total net income from all sources which shall be the same as the taxpayer's entire federal taxable income computed without regard to any ...
... income " means entire net income minus invest- ment income ; 8. " Entire net income " means total net income from all sources which shall be the same as the taxpayer's entire federal taxable income computed without regard to any ...
Page 1938
... income is required to be distributed , whether distributed or not . If such amount exceeds the distributable net income , there shall be included in the gross income of each beneficiary an amount which bears the same ratio to distributable ...
... income is required to be distributed , whether distributed or not . If such amount exceeds the distributable net income , there shall be included in the gross income of each beneficiary an amount which bears the same ratio to distributable ...
Page 1939
... INCOME OR DISTRIBUTING CORPUS . ( a ) INCLUSION . - Subject to subsection ( b ) , there shall be included in the ... net income ( computed without the deduction allowed by section 642 ( c ) , relating to deduction for charitable , etc ...
... INCOME OR DISTRIBUTING CORPUS . ( a ) INCLUSION . - Subject to subsection ( b ) , there shall be included in the ... net income ( computed without the deduction allowed by section 642 ( c ) , relating to deduction for charitable , etc ...
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Common terms and phrases
acquired adjusted basis adjusted gross income administrator allocation annuity apply assessment beneficiary bond calendar carryback certificate chapter computed controlled foreign corporation credit or refund December 31 deemed defined in section delegate described in section determined director of finance distribution dividends earnings and profits election employee estimated tax exceed excess excess profits taxes exempt extent fair market value federal income tax filed fund gain or loss gross income included in gross individual interest Internal Revenue Code liability net income nineteen hundred sixty-six operating loss option partnership payment percent period personal holding company preceding sentence prior public health law pursuant real property regulations prescribed relating respect sale or exchange Secretary section one hundred services and expenses shareholder suant subchapter subdivision subparagraph subpart subtitle tax imposed taxable income taxable year beginning taxpayer term thereof tion trade or business transfer treated trust United