Sec. 1-1.2. Tax bases

Tax Law, §§ 209(1), 210(1)

(a) Article 9-A of the Tax Law imposes a tax which is equal to the sum of:

(1) the highest of the amounts determined on the following bases:

(i) the entire net income base (see section 210[1][a]of the Tax Law);

(ii) the capital base (see section 210[1][b] of the Tax Law);

(iii) the minimum taxable income base (see section 210[1][c]of the Tax Law); and

(iv) the fixed-dollar minimum (see section 210[1][d]of the Tax Law); plus

(2) the amount determined on the subsidiary capital base (see section 210[1][e]of the Tax Law).

(b) Certain taxpayers may not be subject to one or more of the bases set forth in subdivision (a) of this section. See Part 3 of this Title for the rates of tax and various special rules regarding the computation of tax.