Statute · New York General City Model
N.Y. General City Model § 33 — Consolidated returns
N.Y. General City Model § 33
- Type
- Statute
- Source
- New York General City Model
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 33. Consolidated returns. Corporations which are affiliated may, if authorized, and shall, if required, by the director of finance, under regulations prescribed by the director of finance, make a consolidated return for the purpose of this part. In any case in which a tax is assessed upon the…
Citator
N.Y. General City Model § 33 — Consolidated returns is in force in the current edition of the Code, and nothing recorded condemns it.
§ 33. Consolidated returns. Corporations which are affiliated may, if authorized, and shall, if required, by the director of finance, under regulations prescribed by the director of finance, make a consolidated return for the purpose of this part. In any case in which a tax is assessed upon the basis of a consolidated return, the total tax shall be computed in the first instance as a unit and shall then be assessed upon the respective affiliated corporations in such proportions as may be agreed upon among them, or in the absence of any such agreement, then on the basis of the net income properly assignable to each.