New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 20. Department of Taxation and Finance |
Chapter II. Income Taxes and Estate Taxes |
Subchapter A. New York State Personal Income Tax Under Article 22 of the Tax Law |
Article 2. Residents |
Part 122. New York State Minimum Taxable Income of Residents |
Sec. 122.6. Modification of Federal items of tax preference for accelerated cost recovery system deductions
Latest version.
- Tax Law, § 622(b)(6)For property placed in service before January 1, 1985, the Federal items of tax preference with respect to accelerated cost recovery system deductions must be excluded in computing total New York items of tax preference.