Sec. 2500.1. Disclosureof New York reportable transactions and related information

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(a) Authorization.
Section 25(a)(3) of the Tax Law authorizes thecommissioner to promulgate regulations with regard to New York reportabletransactions.
(b) Brief descriptionof a New York reportable transaction.
A New York reportable transaction is a transaction that has thepotential to be a tax avoidance transaction under article 9, 9-A,22, 32, or 33 of the Tax Law.
(c) Purpose.
Taxpayers who participate in New York reportabletransactions are required to disclose their participation to the department.

                    
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