Statute · New York General City Model
N.Y. General City Model § 17 — Inventory
N.Y. General City Model § 17
- Type
- Statute
- Source
- New York General City Model
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 17. Inventory. Whenever in the opinion of the director of finance the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventory shall be taken by such taxpayer upon such basis as the director of finance may prescribe, conforming as nearly as may be…
Citator
N.Y. General City Model § 17 — Inventory is in force in the current edition of the Code, and nothing recorded condemns it.
§ 17. Inventory. Whenever in the opinion of the director of finance the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventory shall be taken by such taxpayer upon such basis as the director of finance may prescribe, conforming as nearly as may be to the best accounting practice in the banking business and most clearly reflecting the income.