New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter G - Stock Transfer Tax
Part 52 - Payment Of Tax; Rebates
Section 52.1 - Payment of tax by use of stamps
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 52.1
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The tax must be paid by affixing and cancelling New York stock transfer tax stamps in all cases, except with respect to a transaction executed or effectuated within the State of New York by:
(1) brokers who are members of a registered
securities exchange within the State of New York; or
(2) dealers in securities who are not members
of such an exchange and who have filed with the commissioner written notice of
their election to pay the tax to the commissioner without the use of
stamps.
(b) Rebates when the tax is paid by the use of stamps. Claims for the rebate of any tax paid when such tax is paid by the use of stamps must be presented on the appropriate form as prescribed by the department. In addition to any other information required by the department, the original purchase receipt for the stamps at issue must be included with the rebate claim.
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