{"data":{"id":"us-nyc/n.y.c.-admin.-code-11-622","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 11-622","heading":"§ 11-622 Items not deductible.","body":"In computing net income no deduction shall in any case be allowed in respect of:\n\n(a) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property.\n\n(b) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made.","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":"c4a4340a747da43d7d17ecee1a0af359f0702572f96ce0bf2bb9470df2742394","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-11-621","next":"us-nyc/n.y.c.-admin.-code-11-623"},"notice":"GroundRules: Original legal text. Not legal advice."}