New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 20. Department of Taxation and Finance |
Chapter I. Franchise and Certain Business Taxes |
Subchapter B. Franchise Tax on Banking Corporations |
Part 16. Imposition of Tax |
Subpart 16-2. Definitions |
Sec. 16-2.12. Definition of a representative office
Latest version.
- A representative office is a service-type office of the bank. The activities of a representative office are limited to:(a) soliciting new business;(b) researching;(c) servicing head office needs; and(d) acting as a liaison between the principal office and its customers.