New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter C - Franchise Taxes On Insurance Corporations
Part 32 - COMBINED RETURNS
Section 32.2 - Capital stock requirement
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 32.2
Current through Register Vol. 46, No. 12, March 20, 2024
To determine if the capital stock requirement is met, the rules in section 6-2.2 of this Title shall be used, except that any reference to "fifty percent" shall be substituted by "eighty percent". Corporations that meet the capital stock requirement are "related corporations" for purposes of this Part.
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