N.Y. General City Model Law § 104

Current through 2024 NY Law Chapter 457

Section 104 - Unincorporated business taxable income

The unincorporated business taxable income of an unincorporated business shall be the excess of its unincorporated business gross income over its unincorporated business deductions, allocated to the city, less the amount of:

(1) Its deductions under section one hundred eight not subject to allocation; and

(2) Its unincorporated business exemptions under section one hundred nine.

N.Y. General City Model Law § 104