New York § 17 Inventory

New York Statutes

§ 17 — Inventory

New York § 17

Law GCMGeneral City Model 772/66

Part 3Financial Corporation Tax

Subpart 1Tax On State Banks, Trust Companies, Financial Corporations and Savings and Loan Associations

This text of New York § 17 (Inventory) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General City Model 772/66 § 17 (2026).

Text

  § 17.  Inventory.  Whenever in the opinion of the director of finance\nthe use of inventories is necessary in order clearly to determine the\nincome of any taxpayer, inventory shall be taken by such taxpayer upon\nsuch basis as the director of finance may prescribe, conforming as\nnearly as may be to the best accounting practice in the banking business\nand most clearly reflecting the income.\n

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§ 17. Inventory. Whenever in the opinion of the director of finance\nthe use of inventories is necessary in order clearly to determine the\nincome of any taxpayer, inventory shall be taken by such taxpayer upon\nsuch basis as the director of finance may prescribe, conforming as\nnearly as may be to the best accounting practice in the banking business\nand most clearly reflecting the income.\n

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New York § 17, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GCM/17.