{"data":{"id":"us-ny/n.y.-general-city-model-772-66-22","jurisdiction":"us-ny","citation":"N.Y. General City Model 772/66 § 22","heading":"Items not deductible","body":"§ 22. Items not deductible. In computing net income no deduction shall\nin any case be allowed in respect of:\n  (a) Any amount paid out for new buildings or for permanent\nimprovements or betterments made to increase the value of any property.\n  (b) Any amount expended in restoring property or in making good the\nexhaustion thereof for which an allowance is or has been made.","path":["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"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GCM/22","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"f0c7e87fc78519cf252526658b1a52c233eba30b911352953c0155290736c462","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-city-model-772-66-21","next":"us-ny/n.y.-general-city-model-772-66-23"},"notice":"GroundRules: Original legal text. Not legal advice."}