2007 adoptions—corporation tax
December 11, 2007
Adoption of amendments to the Business Corporation Franchise Tax Regulations relating to repurchase agreements and securities lending agreements held by registered securities brokers and dealers. The amendments provide that repurchase agreements and securities lending agreements held by registered securities brokers or dealers may not be considered investment capital so that the income and expenses from these agreements must be included in the computation of business income for such taxpayers. 20 NYCRR sections 3-3.2, 4-4.3, 4-4.7, and 6-2.7.
Text of adoption
SAPA documentation
Submitted for publication in the 12/26/07 edition of the State Register.
February 14, 2007
Adoption of amendments to the Business Corporation Franchise Tax Regulations, the Franchise Tax on Banking Corporations Regulations, and the Personal Income Tax Regulations of Title 20 NYCRR. The amendments set forth a credit proration rule for the Security Training Tax Credit where a qualified security officer is not employed for a full year. 20 NYCRR Subparts 5-4 and 20-7 and section 106.3.
Text of adoption
Submitted for publication in the 3/7/07 edition of the State Register.
