Receipt From ... |
Source to NYC If ... |
General Sourcing Provisions |
|
… Tangible personal property |
… Shipped to NYC |
… Sales of electricity |
… Delivered to NYC |
… Net gain from sale of real property |
… NYC property |
… Rent from real or tangible personal property |
… NYC property |
… Use of patents, copyrights, trademarks, and similar intangibles |
… Used in NYC |
… Sale of rights for closed-circuit or cable television transmission of an NYC event |
… To the extent attributable to transmissions received or exhibited in NYC |
… Sale, license or remote access to digital products |
… Use customer-focused hierarchy (i.e., benefit received, delivery, etc.) |
… Other services or business receipts |
… Use customer-focused hierarchy (i.e., benefit received, delivery, etc.) |
Financial Transactions / Broker-Dealer Activities |
|
… Interest on loan secured by real property |
… NYC property |
… Interest on loan not secured by real property |
… NYC borrower |
… Net gain from sale of loan secured by real property |
… Multiply by proceeds from sales of loans secured by NYC real property divided by proceeds from all loans secured by real property |
… Net gain from sale of loan not secured by real property |
… Multiply by proceeds from sales of loans not secured by real property to NYC purchasers divided by proceeds from all loans not secured by real property |
… Interest/net gain from federal, state or municipal debt instruments |
… (1) Exclude from the numerator interest/net gain from a debt instrument issued by the US or any state or municipality; and (2) include in the denominator 100% of receipts/net gain from a debt instrument issued by the US or New York or any of its political subdivisions, and only 50% of receipts/net gain from debt instruments issued by other states or their political subdivisions. |
… Interest from asset-backed security or other government agency debt |
… 8% of receipts |
… Net gain from asset-backed security or other government agency debt |
… 8% of net gain if government issued or sold through broker-dealer; otherwise, multiply net gain times proceeds from sales to NYC purchasers divided by proceeds from all such purchasers |
… Interest from corporate bonds |
… Issuing corporation’s commercial domicile is NYC |
… Net gain from sale of corporate bond |
… 8% of net gain if sold through broker-dealer or through licensed exchange; otherwise, multiply net gains by proceeds from sales to NYC purchasers divided by proceeds from all such purchasers |
… Net interest from reverse repurchase agreement |
… 8% of net interest income |
… Net interest from federal funds |
… 8% of net interest |
… Dividend/net gain from stock or partnership interest |
… Exclude from numerator and denominator unless the Commissioner determines inclusion is necessary |
… Receipt/net gain from a qualified financial instrument |
… 8% of net gain/receipt if fixed percentage method is elected; otherwise, source according to rules related to non-qualified financial instruments. |
… Interest from other financial instruments |
… Payor located in NYC |
… Net gain from sale of other financial instrument |
… 8% of receipt if sold through broker-dealer or on licensed exchange; otherwise, NYC payor |
… Net income from sale of physical commodities |
… Multiply by receipts from commodities delivered to NYC (if no physical delivery, commodities sold to NYC purchaser) divided by all such receipts |
… Brokerage commission on sales of securities/commodities, margin interest on brokerage accounts, certain underwriting fees, account maintenance fees, certain advisory/management fees, |
… Customer responsible for paying has NYC address, but if can’t determine mailing address, then 8 percent of receipts |
… Interest on loans/advances made to an affiliated corporation not included in a combined report |
… Principal place of business of affiliated corporation is in NYC |
… Management, administration or distribution services to an investment company |
… Multiply by the average of the monthly percentages of NYC shares of the investment company owned by NYC shareholders |
Credit Card Activities |
|
… Interest, fee, penalty, or service charge |
… Cardholder mailing address is in NYC |
… Merchant discount |
… Merchant is in NYC, but if merchant is within and without NYC attributable to sales made from NYC |
… Credit card authorization, processing and clearing |
… Credit card processor’s customer accesses the processor’s network in NYC |
… Other receipts from credit card activities |
… Multiply by average of 8% and percentage of NYC access points |
Other Industries |
|
… Advertising (newspapers and periodicals) |
… Multiply by number of newspapers or periodicals delivered to NYC divided by number of all newspapers or periodicals |
… Advertising (television, radio, other) |
… Multiply by number of NYC viewers/listeners divided by number of all viewers/listeners |
… Railroad/trucking business |
… NYC miles divided by everywhere miles |
… Aviation service (air freight forwarding) |
…100% NYC if both NYC pick-up and delivery, but 50 percent NYC if either NYC pick-up or delivery |
… Other aviation service |
… Multiply by average of percentage of NYC aircraft arrivals and departures, percentage of NYC revenue tons, and percentage of NYC originating revenue |
… Transportation/transmission of gas |
… Multiply by NYC transportation units divided by all transportation units |
… Operation of vessels |
… Multiply by percentage of working days vessel is within NYC territorial waters |