Laws of New York (Last Updated: November 21, 2014) |
TAX Tax |
Article 32. Franchise Tax on Banking Corporations |
Section 1453-A. Computation of alternative entire net income
Latest version.
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--(a) Alternative entire net income means entire net income as determined pursuant to section fourteen hundred fifty-three, except that the deductions described in paragraphs eleven and twelve of subsection (e) of section fourteen hundred fifty-three shall not be allowed. (b) Any election made pursuant to paragraph two of subsection (b) of section fourteen hundred fifty-four with respect to the modification provided for in subsection (f) of section fourteen hundred fifty-three shall be deemed to have been made for purposes of computing alternative entire net income.