2012 New York Consolidated Laws
TAX - Tax
Article 26 - ESTATE TAX
Part 1 - (951 - 961) COMPUTATION OF TAX
954 - Resident's New York gross estate.

 
    §  954.  Resident's New York gross estate. (a) General.-- The New York
  gross estate of a deceased resident means his federal  gross  estate  as
  defined  in  the  internal revenue code (whether or not a federal estate
  tax return is required to be filed) modified as follows:
    (1) Reduced by the value of real or tangible personal property  having
  an actual situs outside New York state.
    (2)  Increased  by  the  amount  determined under section nine hundred
  fifty-seven (relating to limited powers of appointment created prior  to
  September first, nineteen hundred thirty).
    (b)  Valuation. -- The New York gross estate shall be valued as of the
  applicable federal valuation date or dates. Any real property  qualified
  under  section  two  thousand  thirty-two-A of the internal revenue code
  shall have the same value for purposes of the New York gross  estate  as
  it has for federal estate tax purposes.
    (c)  Cross  references.--  (1)  For provisions of the internal revenue
  code defining the federal gross estate, see:
    Sec. 2031. Definition of gross estate.
    Sec. 2032. Alternate valuation.
    Sec. 2032A. Valuation of certain farm, etc., real property.
    Sec. 2033. Property in which the decedent had an interest.
    Sec. 2034. Dower or curtesy interest.
    Sec. 2035. Adjustments for gifts made within three years of decedent's
  death.
    Sec. 2036. Transfers with retained life estate.
    Sec. 2037. Transfers taking effect at death.
    Sec. 2038. Revocable transfers.
    Sec. 2039. Annuities.
    Sec. 2040. Joint interests.
    Sec. 2041. Powers of appointment.
    Sec. 2042. Proceeds of life insurance.
    Sec. 2043. Transfers for insufficient consideration.
    Sec. 2044. Certain property for which marital deduction was previously
  allowed.
    Sec. 2045. Prior interests.
    Sec. 2046. Disclaimers.
    (2) For effect of federal estate tax determinations, see section  nine
  hundred sixty-one of this article.