Sec. 19-3.3. IBF alternative entire net income allocation rules

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Tax Law, § 1454
(a) A taxpayer which has established an IBF, as described in Subpart 18-3 of this Title, and which has elected to use the IBF formula allocation method pursuant to section 19-2.3 of this Part, must make the same election for purposes of allocating alternative entire net income by the alternative entire net income allocation percentage. If, pursuant to section 19-2.3 of this Part, a taxpayer utilizes the IBF modification, the taxpayer must utilize the IBF modification for purposes of computing alternative entire net income and the alternative entire net income allocation percentage.

                    
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