Sec. 56.1. Retention of cancelled certificates outside of New York State

Additional statutory authority: Tax Law, § 171

(a) The commissioner may permit cancelled certificates to be retained outside the State within the four-year period specified by section 276 of the Tax Law when an examination with respect to the transactions to which such certificates relate has been completed and it is agreed that the certificates will be returned to New York for further examination within the remainder of the applicable four-year period by an authorization on the appropriate form as prescribed by the commissioner, or the commissioner may consent to the destruction of original documents and the preservation of reproduced documents pursuant to the provisions of section 276 of the Tax Law.

(b) See Part 2402 of this Title for taxpayer record retention formats.