§ 4-2.1

N.Y. Comp. Codes R. & Regs. tit. 20, § 4-2.1

Use of the business allocation percentage.

Department of Taxation and Finance

Tax Law, § 210(3)(a)

A taxpayer which has no investment capital and no subsidiary capital determines only a business allocation percentage. Thus, a taxpayer which has only business income and business capital must allocate its entire net income and its total capital by the business allocation percentage.