§ 192 — Reports of corporations

New York § 192

• Jurisdiction: New York
• Law TAX: Tax
• Art. 9: Corporation Tax

Text

§ 192. Reports of corporations. Corporations liable to pay a tax under\nthis article shall report as follows:\n 1. Corporations paying franchise tax. Every corporation, association\nor joint-stock company liable to pay a tax under section one hundred\neighty-three of this chapter shall, on or before March fifteenth in each\nyear, for taxable years beginning before January first, two thousand\nseventeen, and on or before April fifteenth in each year, for taxable\nyears beginning on or after January first, two thousand seventeen, make\na written report to the commissioner of its condition at the close of\nits business on the preceding December thirty-first, stating the amount\nof its authorized capital stock, the amount of stock paid in, the date\nand rate per centum of each dividend paid by it during the year ending\nwith such day, the entire amount of the capital of such corporation, and\nthe capital employed by it in this state during such year.\n 2. Transportation and transmission corporations. Every transportation\nor transmission corporation, joint-stock company or association liable\nto pay an additional franchise tax under section one hundred eighty-four\nof this chapter, shall also, on or before March fifteenth of each year,\nmake a written report to the commissioner of the amount of its gross\nearnings subject to the tax imposed by said section for the year ended\non the preceding December thirty-first, for taxable years beginning\nbefore January first, two thousand sixteen, except that the year ended\non December thirty-first, nineteen hundred seventy-six shall be deemed,\nfor the purposes of this subdivision, to have commenced on July first,\nnineteen hundred seventy-six, and shall also, on or before April\nfifteenth of each year, make a written report to the commissioner of the\namount of its gross earnings subject to the tax imposed by said section\nfor the year ended on the preceding December thirty-first, for taxable\nyears beginning on or after January first, two thousand sixteen. Any\nsuch corporation, joint-stock company or association which ceases to be\nsubject to the tax imposed by section one hundred eighty-four of this\nchapter by reason of a liquidation, dissolution, merger or consolidation\nwith any other corporation, or any other cause, shall, on the date of\nsuch cessation or at such other time as the commissioner may require,\nmake a written report to the commissioner of the amount of its gross\nearnings subject to the tax imposed by section one hundred eighty-four\nof this chapter for any period for which no report was theretofore\nfiled. Any corporation, joint-stock company or association subject to a\ntax upon dividends under said section one hundred eighty-four of this\nchapter shall also include in its report under this subdivision required\nto be filed a statement of the authorized capital of the company, the\namount of capital stock issued, and the amount of dividends of every\nnature paid during the year ended on the preceding December\nthirty-first. As to tax payers subject to such tax upon dividends under\nsaid section one hundred eighty-four of this chapter, the year ended on\nDecember thirty-first, nineteen hundred seventy-six shall be deemed, for\nthe purposes of this subdivision, to have commenced on July first,\nnineteen hundred seventy-six.\n 4. Insurance corporations. (a) Except as hereinafter provided in\nparagraph (b), every insurance corporation liable to pay a tax under\nsection one hundred eighty-seven of this chapter shall, on or before\nMarch first, June first, September first and December first in each\nyear, make a written report to the tax commission and to the\nsuperintendent of financial services covering the quarter year ending on\nthe last day of the third month preceding that in which the report is\nrequired to be filed, in such form and containing such information as\nthe tax commission may deem necessary for the determination of the tax\ndue for each such quarter year. There shall also be filed with the tax\ncommission and with the superintendent of financial services, on or\nbefore March fifteenth of each year, a statement which will reconcile\nthe net taxable premiums shown in the quarterly reports, made pursuant\nto this section, for the preceding calendar year, with the total gross\nand net premiums shown in the annual statement of the insurance\ncorporation filed with said superintendent of financial services for\nsuch year pursuant to section three hundred seven of the insurance law.\n (b) Every insurance corporation liable to pay a tax under subdivisions\nsix and eight of section one hundred eighty-seven of this chapter shall,\non or before the fifteenth day of March, make and file a written report\nwith the tax commission and with the superintendent of financial\nservices, covering the preceding calendar year, in such form and\ncontaining such information as the tax commission may deem necessary for\nthe determination of the tax imposed by said subdivisions, and such\ncalendar year shall be deemed the taxable year within the meaning of\nthis section and of said subdivisions, provided, however that insurance\ncorporations liable to pay tax under subdivision eight of section one\nhundred eighty-seven shall be required to make the reports required\nherein only on the fifteenth day of March in the years nineteen hundred\nsixty-five through and including nineteen hundred seventy-six.\n 5. Notwithstanding the provisions of section two hundred two of this\narticle, the commissioner shall provide the statements and other\nrequired information requested on tax reports under section four hundred\neight of the business corporation law to the secretary of state for\nfiling. Such provision may also include a copy or image of that portion\nof the report solely pertinent to such information to the extent\nfeasible. The commissioner may also provide information on\nnoncompliance.\n