{"data":{"id":"us-nyc/n.y.c.-admin.-code-11-617","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 11-617","heading":"§ 11-617 Inventory.","body":"Whenever in the opinion of the commissioner 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 commissioner of finance may prescribe, conforming as nearly as may be to the best accounting practice in the banking business most clearly reflecting the income.","path":["New York City Administrative Code","Title 11","Chapter 6: City Business Taxes"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"b52a4b216f262615cce781e2f3e199d8fdf1be2aea46ffdca67ef4902edc135f","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-11-616","next":"us-nyc/n.y.c.-admin.-code-11-618"},"notice":"GroundRules: Original legal text. Not legal advice."}