Minimum Tax of $25.
19 RCNY § 11-44
in effect§ 11-44 Minimum Tax of $25.
(a) Minimum tax of $25. In no event is the tax for any period (exclusive of the tax measured by subsidiary capital) less than $25.
(b) Minimum tax on combined reports.
(1) Where the tax as computed on a combined report is measured by combined entire net income (19 RCNY § 11-26, supra), or combined entire net income plus compensation (19 RCNY § 11-34, supra), or combined business and investment capital (19 RCNY § 11-35, supra), or is measured by the minimum tax (19 RCNY § 11-44(a), supra), each corporation included in the combined report except:
(i) the corporation paying the combined tax, and
(ii) any corporation described in subdivision (b) of this section is required to pay a minimum tax of $125. The corporation paying the combined tax will pay the minimum tax when the minimum tax is the greater of the alternative taxes.
(2) A corporation which is not subject to tax pursuant to 19 RCNY § 11-03, supra, is not required to pay a minimum tax when included in a combined report.
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/NYCrules/0-0-0-36952Fetched: 10/24/2026