{"data":{"id":"us-ny/n.y.-general-city-model-772-66-33","jurisdiction":"us-ny","citation":"N.Y. General City Model 772/66 § 33","heading":"Consolidated returns","body":"§ 33. Consolidated returns.  Corporations which are affiliated may, if\nauthorized, and shall, if required, by the director of finance, under\nregulations prescribed by the director of finance, make a consolidated\nreturn for the purpose of this part. In any case in which a tax is\nassessed upon the basis of a consolidated return, the total tax shall be\ncomputed in the first instance as a unit and shall then be assessed upon\nthe respective affiliated corporations in such proportions as may be\nagreed upon among them, or in the absence of any such agreement, then on\nthe basis of the net income properly assignable to each.","path":["General City Model 772/66","Part 3. Financial Corporation Tax","Subpart 3. Administration For Subparts 1 and 2"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GCM/33","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"2eac49ae63b96fc56451f0ec3bf44f6b359e1c5c9ccd75be38ae4aa65de985bf","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-city-model-772-66-32","next":"us-ny/n.y.-general-city-model-772-66-34"},"notice":"GroundRules: Original legal text. Not legal advice."}