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In relation to the exclusion from entire net income for general corporation tax purposes of refunds or credits of state franchise taxes which were not …

NYC L.L. 1985/011
in effect
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L.L. 1985/011 Enactment date: 2/7/1985 Int. No. 488-A By Council Member Sadowsky (by request of the Mayor) A Local Law to amend the administrative code of the city of New York, in relation to the exclusion from entire net income for general corporation tax purposes of refunds or credits of state franchise taxes which were not deductible in a prior year Be it enacted by the Council as follows: * * * [Consolidated provisions are not included in this Appendix A] * * * § 2. This local law shall take effect immediately, and shall apply to all taxable years commencing on and after January first, nineteen hundred seventy-eight.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-223927Fetched: 10/25/2026

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