N.Y. Tax Law 1291 – Definitions
§ 1291. Definitions. (a) "Person" means an individual, partnership, limited liability company, society, association, joint stock company, corporation, estate, receiver, trustee, assignee, referee or any other person acting in a fiduciary or representative capacity, whether appointed by a court or otherwise, any combination of individuals and any other form of unincorporated enterprise owned or conducted by two or more persons.
Terms Used In N.Y. Tax Law 1291
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.
(b) "City" means a city of a million or more located in the metropolitan commuter transportation district established by § 1262 of the public authorities law.
(c) "Transportation network company" or "TNC" shall have the same meaning as the term is defined in Article forty-four-B of the vehicle and traffic law.
(d) "TNC prearranged trip" shall have the same meaning as the term is defined in Article forty-four-B of the vehicle and traffic law.
(e) "TNC driver" shall have the same meaning as the term is defined in Article forty-four-B of the vehicle and traffic law.
(f) "TNC vehicle" shall have the same meaning as the term is defined in Article forty-four-B of the vehicle and traffic law.
(g) "Gross trip fare" means the sum of the base fare charge, distance charge and time charge for a complete TNC prearranged trip at the applicable rate charged by the TNC at the time such trip is arranged.