N.Y. Comp. Codes R. & Regs. tit. 20 § 45.7

Current through Register Vol. 46, No. 51, December 18, 2024

Section 45.7 - Nontaxable receipts from sales and services

All receipts from sales or services are required to be included in the return of gross income. Deductions may, however, be taken on account of receipts which are not taxable, either for constitutional reasons or statutory provisions.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 45.7