N.Y. GCM Law § 33
This is the official text of N.Y. GCM Law § 33, part of New York’s GCM Law — part of the compiled statutory law of New York, published by the state as "GCM Law." Browse the sections below, each linked to its official government source.
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Consolidated returns
Official statutory text
§ 33. Consolidated returns. Corporations which are affiliated may, if\nauthorized, and shall, if required, by the director of finance, under\nregulations prescribed by the director of finance, make a consolidated\nreturn for the purpose of this part. In any case in which a tax is\nassessed upon the basis of a consolidated return, the total tax shall be\ncomputed in the first instance as a unit and shall then be assessed upon\nthe respective affiliated corporations in such proportions as may be\nagreed upon among them, or in the absence of any such agreement, then on\nthe basis of the net income properly assignable to each.\n
Status: in_force · Read it on the official government site
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