New York Laws
Part 2 - Residents
624 - Computation of Separate Tax on the Ordinary Income Portion of Lump Sum Distributions Received by Resident Individuals, Estates and Trusts.

(1) the total taxable amount of the lump sum distribution for the
taxable year, over
(2) the minimum distribution allowance.
(b) Minimum distribution allowance. For purposes of this section, the
minimum distribution allowance shall be that which is calculated
according to subparagraph (C) of paragraph one of subsection (e) of
section four hundred two of the internal revenue code.
(c) Multiple distributions and distributions of annuity contracts. For
purposes of this section, the rules concerning multiple distributions
and distributions of annuity contracts as specified by paragraph two of
subsection (e) of section four hundred two of the internal revenue code
shall be applicable, except that references to "paragraph (1) (A)" shall
be deemed to be references to this section, and except that only lump
sum distributions (or portions thereof) and distributions of annuity
contracts subject to tax under this article shall be included, and
except that references to the secretary shall be deemed to be references
to the tax commission.
(d) Definitions and special rules. For purposes of this section, the
following provisions shall apply, to the extent applicable to the
taxpayer's federal tax on lump sum distributions: (1) the definitions
and special rules as specified in paragraph four of subsection (e) of
section four hundred two of the internal revenue code; and (2) the
special rules relating to (A) individuals who have attained the age of
fifty before January first, nineteen hundred eighty-six and (B) capital
gains, as specified in paragraphs three, four, five and six of
subsection (h) of section eleven hundred twenty-two of the tax reform
act of nineteen hundred eighty-six as enacted by public law 99-514, but
(i) in the event that paragraph three of such subsection is applicable,
clause (ii) of subparagraph (B) of such paragraph shall be applied using
a rate of five and four-tenths percent, and (ii) in the event that
paragraph five of such subsection is applicable, the words "five" and
"one-fifth" in subsection (a) of this section shall be read as "ten" and
"one-tenth", respectively, and subsection (a) of this section shall be
applied by using the rate of tax specified in subsection (f) of section
six hundred two as such subsection was in effect for taxable years
beginning in nineteen hundred eighty-six.

Structure New York Laws

New York Laws

TAX - Tax

Article 22 - Personal Income Tax

Part 2 - Residents

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.

624 - Computation of Separate Tax on the Ordinary Income Portion of Lump Sum Distributions Received by Resident Individuals, Estates and Trusts.

625 - Gift for Fish and Wildlife Management.

625-A - Gifts to Food Banks.

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.