GroundRules
N.Y. General City Model 772/66 § 26: Inventory
Where this section sits in the code
- General City Model 772/66
- Part 3. Financial Corporation Tax
- Subpart 2. Tax On National Banking Associations and Production Credit Associations
§ 26. Inventory. Whenever in the opinion of the director of finance
the use of inventories is necessary in order clearly to determine the
income of any taxpayer, inventory shall be taken by such taxpayer upon
such basis as the director of finance may prescribe, conforming as
nearly as may be to the best accounting practice in the banking business
and most clearly reflecting the income.
Collected 2026-09-14T19:32:44Z. Source file · JSON