N.Y. Comp. Codes R. & Regs. tit. 20 § 483.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 483.1 - Required records

Tax Law, § 507

(a) Every carrier who operates a motor vehicle in this State, which is subject to the tax under article 21, and every carrier to whom a highway use permit was issued, for the operation of a motor vehicle, must maintain an accurate daily record of all operations of such vehicle in this State, except as hereinafter provided.

(b) All records required under this Part and any other records used by the carrier to determine the tax liability shall be kept within this State unless the State Tax Commission consents to their removal. Permission for removal may be granted, provided the carrier agrees to make his records available for audit outside this State. All tax returns and all such records shall be preserved for a period of four years and shall be open for inspection and audit upon request.

(c) See Part 2402 of this Title for taxpayer record retention formats.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 483.1