New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter A - Business Corporation Franchise Tax
Part 4 - APPORTIONMENT
Subpart 4-2 - SPECIFIC APPORTIONMENT RULES
Section 4-2.14 - Receipts from credit cards and similar activities

Current through Register Vol. 47, No. 12, March 26, 2025

(Tax Law, section 210-A(5)(c)(1)-(3))

(a) Receipts received by issuer banks from credit card receivables constituting interest, and fees and penalties in the nature of interest and service charges and fees from credit cards are included in New York State receipts if the mailing address of the card holder in the records of the issuer bank is in New York State. All such receipts are included in everywhere receipts.

(b) In the event that credit card receivables are purchased from an issuer bank, the purchaser shall include such receipts in New York receipts if the mailing address of the card holder in the records of the purchaser is in New York State. All such receipts are included in everywhere receipts.

(c) Receipts from merchant discounts are included in New York receipts if the merchant is located within New York State. 100% of receipts from merchant discounts are included in everywhere receipts. In the case of a merchant with locations both within and without New York State, only receipts from merchant discounts attributable to sales made from locations within New York State are included in New York receipts. It shall be presumed that the location of the merchant is the address of the merchant shown on the invoice submitted by the merchant to the corporation.

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