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§ 11-505 — Unincorporated business taxable income

New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · NYC Admin. Code § 11-505

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§ 11-505 Unincorporated business taxable income.

The unincorporated business taxable income of an unincorporated business shall be the excess of its unincorporated business gross income over its unincorporated business deductions, allocated to the city, less the amount of: (1) Its deductions under section 11-509 of this chapter not subject to allocation; and (2) Its unincorporated business exemptions under section 11-510 of this chapter.

§ 11-505 — Unincorporated business taxable income | New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) | Corpus