ยง 617-a. Residents; special provisions. Notwithstanding any other
provisions of this article, the New York adjusted gross income and the
New York taxable income of a resident individual or partner of a
partnership doing an insurance business as a member of the New York
insurance exchange described in section six thousand two hundred one of
the insurance law, shall not include any item of income, gain, loss or
deduction of such business, which is the individual's distributive or
pro rata share for federal income tax purposes or which the individual
is required to take into account separately for federal income tax
purposes. Provided however, such individual's New York adjusted gross
income shall include his distributive or pro rata share of the allocated
entire net income as determined by such business under sections fifteen
hundred three and fifteen hundred four of this chapter. In the event
such allocated entire net income is a loss, there shall not be
subtracted from federal adjusted gross income in computing New York
adjusted gross income such individual's distributive share of such loss.
Structure New York Laws
Article 22 - Personal Income Tax
611 - New York Taxable Income of a Resident Individual.
612 - New York Adjusted Gross Income of a Resident Individual.
613 - New York Deduction of a Resident Individual.
614 - New York Standard Deduction of a Resident Individual.
615 - New York Itemized Deduction of a Resident Individual.
616 - New York Exemptions of a Resident Individual.
617 - Resident Partners and Shareholders of S Corporations.
617-A - Residents; Special Provisions.
618 - New York Taxable Income of a Resident Estate or Trust.
619 - Share of a Resident Estate, Trust or Beneficiary in New York Fiduciary Adjustment.
620 - Credit for Income Tax of Another State.
620-A - Credit Against Separate Tax.
621 - Credits to Trust Beneficiary Receiving Accumulation Distribution.
625 - Gift for Fish and Wildlife Management.
626 - The United States Olympic Committee/lake Placid Olympic Training Center Fund.
626-A - Gift for Home Delivered Meals for Seniors.
627 - Gift for Breast Cancer Research and Education.
627-A - Gift for Honor and Remembrance of Veterans.
627-B - Gift for Assisting Homeless Veterans.
627-C - Gift for New York State Veterans' Homes.
628 - Gift for Missing and Exploited Children Clearinghouse Fund.
629 - Gift for Alzheimer's Disease Support Services.
629-A - Gift for Eliminating the Stigma Relating to Mental Illness.
629-B - Gift for Substance Use Disorder Education and Recovery.
630 - Gift for Prostate and Testicular Cancer Research and Education.
630-A - Gift for World Trade Center Memorial Foundation.
630-B - Gift for Volunteer Firefighting and Volunteer Emergency Services Fund.
630-C - Gift for New York State Teen Health Education Fund.
630-D - Gift for Women's Cancers Education and Prevention.
630-D*2 - Gift for Autism Awareness and Research.
630-E - Gift to the Love Your Library Fund.
630-F - Gift for Organ and Tissue Donation Outreach and Research.
630-F*2 - Gift for Als Research and Education.
630-F*3 - Gift for School-Based Health Centers.
630-F*4 - Gift for Lupus Education and Prevention.
630-F*5 - Gift for Military Families.
630-F*6 - Gift for City University of New York.
630-G - Gift for Leukemia, Lymphoma and Myeloma Research, Education and Treatment.
630-G*2 - Gift for the William B. Hoyt Memorial Children and Family Trust Fund.
630-G*3 - Gift to the Arts Fund.
630-H - New York State Campaign Finance Fund Check-Off.
630-I - Gifts for the State Library System.
630-I*2 - Gift for the Firearm Violence Research Fund.
630-I*3 - Gifts for Thoroughbred Aftercare.
630-J - Gifts for Standardbred Aftercare.
630-K - Gift for Lyme and Tick-Borne Diseases Education, Research and Prevention.