Sec. 16-3.4. Taxability of bank holding companies

Tax Law, §§ 1451, 1462(f)

The tax is imposed on every bank holding company organized under the laws of New York State which is included in a combined return pursuant to Subpart 21-2 of this Title for the privilege of exercising its corporate franchise or doing business in a corporate or organized capacity in New York State. The tax is imposed on every other bank holding company which is included in a combined return pursuant to Subpart 21-2 of this Title for the privilege of doing business in a corporate or organized capacity in New York State.