Laws of the State of New York, Volume 21966 |
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Page 1976
... GAINS .-- ( A ) IMPOSITION OF TAX . - There is hereby imposed for each taxable year in the case of every real estate investment trust a tax of 25 per- cent of the excess , if any , of the net long - term capital gain over the sum of ...
... GAINS .-- ( A ) IMPOSITION OF TAX . - There is hereby imposed for each taxable year in the case of every real estate investment trust a tax of 25 per- cent of the excess , if any , of the net long - term capital gain over the sum of ...
Page 2017
... GAIN OR LOSS SEC . 1001. DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS . ( a ) COMPUTATION OF GAIN OR LOSS . - The gain from the sale or other dis- position of property shall be the excess of the amount realized therefrom ...
... GAIN OR LOSS SEC . 1001. DETERMINATION OF AMOUNT OF AND RECOGNITION OF GAIN OR LOSS . ( a ) COMPUTATION OF GAIN OR LOSS . - The gain from the sale or other dis- position of property shall be the excess of the amount realized therefrom ...
Page 2049
... gain " means the excess of short - term capital gains for the taxable year over the short - term capital losses for ... gain for such year . ( 7 ) NET LONG - TERM CAPITAL GAIN . The term " net long - term capital gain " means the excess ...
... gain " means the excess of short - term capital gains for the taxable year over the short - term capital losses for ... gain for such year . ( 7 ) NET LONG - TERM CAPITAL GAIN . The term " net long - term capital gain " means the excess ...
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Common terms and phrases
acquired adjusted basis adjusted gross income administrator allocation annuity apply assessment beneficiary bond calendar carryback certificate chapter computed controlled foreign corporation credit or refund December 31 deemed defined in section delegate described in section determined director of finance distribution dividends earnings and profits election employee estimated tax exceed excess excess profits taxes exempt extent fair market value federal income tax filed fund gain or loss gross income included in gross individual interest Internal Revenue Code liability net income nineteen hundred sixty-six operating loss option partnership payment percent period personal holding company preceding sentence prior public health law pursuant real property regulations prescribed relating respect sale or exchange Secretary section one hundred services and expenses shareholder suant subchapter subdivision subparagraph subpart subtitle tax imposed taxable income taxable year beginning taxpayer term thereof tion trade or business transfer treated trust United