New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter F - Tax On The Furnishing Of Utility Services
Part 45 - Gross Income
Section 45.7 - Nontaxable receipts from sales and services
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 45.7
Current through Register Vol. 46, No. 12, March 20, 2024
All receipts from sales or services are required to be included in the return of gross income. Deductions may, however, be taken on account of receipts which are not taxable, either for constitutional reasons or statutory provisions.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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