GroundRules
N.Y. General City Model 772/66 § 22: Items not deductible
Where this section sits in the code
- General City Model 772/66
- Part 3. Financial Corporation Tax
- Subpart 1. Tax On State Banks, Trust Companies, Financial Corporations and Savings and Loan Associations
§ 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.
Collected 2026-09-14T19:32:44Z. Source file · JSON