2006 New York Code - Imposition Of Tax.

 
    §  1451.  Imposition  of  tax. (a) For the privilege of exercising its
  franchise or doing business in this state in a  corporate  or  organized
  capacity,  a tax, computed under section fourteen hundred fifty-five, is
  hereby annually imposed on every banking corporation  for  each  of  its
  taxable years, or any part thereof, beginning on or after January first,
  nineteen hundred seventy-three.
    (b)  In  the  case  of  a  taxpayer whose taxable year is other than a
  calendar year, there is hereby  imposed  a  tax  for  the  privilege  of
  exercising  its franchise or doing business in this state in a corporate
  or organized capacity for the period beginning January  first,  nineteen
  hundred  seventy-three  and extending through the subsequent part of its
  first such taxable year ending  after  such  date.  Such  tax  shall  be
  computed  under section fourteen hundred fifty-five on the basis of such
  taxpayer's entire net income, or other applicable basis as the case  may
  be,  for  such  period  and  shall  be paid with a return which shall be
  separately filed with the tax commission not later  than  the  fifteenth
  day  of  the  third  month  succeeding  the  close  of  such period. The
  requirements of sections fourteen hundred  sixty  and  fourteen  hundred
  sixty-one,  relating  to  declarations  and  payments  of estimated tax,
  except subsection (a) of section fourteen hundred sixty-one,  shall  not
  be applicable to the tax imposed by this subsection.