N.Y. Tax Law § 291: Meaning of terms

§ 291. Meaning of terms. (a) Any terms used in this article shall

have the same meaning as when used in a comparable context in the laws

of the United States relating to federal income taxes, unless a

different meaning is clearly required. Any reference in this article to

the laws of the United States shall mean the provisions of the internal

revenue code of nineteen hundred fifty-four, and amendments thereto, and

other provisions of the laws of the United States relating to federal

income taxes, as the same may be or become effective at any time or from

time to time for the taxable year.

(b) The term "taxpayer" means an organization or trust described in

section two hundred ninety.

(c) The term "tangible personal property" means corporeal personal

property, such as machinery, tools, implements, goods, wares and

merchandise, and does not mean money, deposits in banks, shares of

stock, bonds, notes, credits or evidences of an interest in property and

evidences of debt.