Sec. 3-9.2. Taxable DISC

Latest version.

Tax Law, §§ 209(6), 211(1)
A taxable DISC is one which does not meet the requirements for tax exemption as described in section 3-9.3 of this Subpart. A taxable DISC must pay a tax on capital or the minimum tax whichever is greater, plus the tax on subsidiary capital. A taxable DISC must file its report on or before the 15th day of the ninth month following the close of its taxable year.

                    
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