Sec. 19-6.9. Other business receipts

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Tax Law, § 1454
(a) Income from securities used to maintain reserves against deposits to meet Federal and State reserve requirements shall be allocated to New York State based upon the ratio that total deposits in New York State bear to total deposits everywhere. (See section 19-7.2 of this Part for definition of deposit.)
(b) All other business receipts earned by the taxpayer in New York State are allocated to New York State.
(c) A receipt from the sale of a capital asset is not a business receipt and is not included in the receipts factor. For example, the receipt from the sale of a capital asset as scrap or at a gain is not included in the receipts factor.

                    
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