Tax Law, §§ 1451, 1462(f)

The tax is imposed on every bank holding company organized under the laws of New York State which is included in a combined return pursuant to Subpart 21-2 of this Title for the privilege of exercising its corporate franchise or doing business in a corporate or organized capacity in New York State. The tax is imposed on every other bank holding company which is included in a combined return pursuant to Subpart 21-2 of this Title for the privilege of doing business in a corporate or organized capacity in New York State.