This memorandum provides modifications to the required methodology for the attribution of interest deductions for taxpayers subject to the Business Corporation Tax (BCT), General Corporation Tax (GCT), Banking Corporation Tax (BTX) or the Unincorporated Business Tax (UBT)
Voting, especially in local elections, is one of the best ways for you to make a difference on the issues
you care about. The people we elect make decisions that affect our neighborhoods, schools, jobs, and
quality of life every day. This guide can help!
The report provides an update on the implementation of the 32 initiatives announced by the NYC Domestic Violence Task Force in May 2017. The goal of the initiatives was to reduce violence, enhance the safety and well-being of domestic violence survivors, and hold abusive partners accountable.
This Finance Memorandum generally explains the impact of these federal changes, as well as related changes enacted in the 2018-19 New York State budget, on taxpayers that are subject to the Business Corporation Tax.
This Finance Memorandum contains instructions for reporting GILTI, FDII, and IRC § 965 amounts on New York City General Corporation Tax (“GCT”), Unincorporated Business Tax (“UBT”), and Banking Corporation Tax (“BTX”) 1 returns and attachments.