Tax Law, §§ 209(6), 211(1)

A taxable DISC is one which does not meet the requirements for tax exemption as described in section 3-9.3 of this Subpart. A taxable DISC must pay a tax on capital or the minimum tax whichever is greater, plus the tax on subsidiary capital. A taxable DISC must file its report on or before the 15th day of the ninth month following the close of its taxable year.