§ 860 Definitions
§ 861 Pass-through entity tax election
§ 862 Imposition and rate of tax
§ 863 Pass-through entity tax credit
§ 864 Payment of estimated tax
§ 865 Filing of return and payment of tax
§ 866 Procedural provisions
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Terms Used In New York Laws > Tax > Article 24-A - Pass-through Entity Tax

  • 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.
  • 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.