Statute · New York General City Model
N.Y. General City Model § 22 — Items not deductible
N.Y. General City Model § 22
- Type
- Statute
- Source
- New York General City Model
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 22. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of:
Citator
N.Y. General City Model § 22 — Items not deductible is in force in the current edition of the Code, and nothing recorded condemns it.
§ 22. Items not deductible. In computing net income no deduction shall in any case be allowed in respect of:
(a) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property.
(b) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made.