# N.Y. TAX Law § 617-A: Residents; special provisions

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S617-A

## Section

- **Citation:** N.Y. TAX Law § 617-A
- **Heading:** Residents; special provisions
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act TAX / Article 22 / Part 2 / Section 617-A

## Text

§ 617-a. Residents; special provisions. Notwithstanding any other\nprovisions of this article, the New York adjusted gross income and the\nNew York taxable income of a resident individual or partner of a\npartnership doing an insurance business as a member of the New York\ninsurance exchange described in section six thousand two hundred one of\nthe insurance law, shall not include any item of income, gain, loss or\ndeduction of such business, which is the individual's distributive or\npro rata share for federal income tax purposes or which the individual\nis required to take into account separately for federal income tax\npurposes. Provided however, such individual's New York adjusted gross\nincome shall include his distributive or pro rata share of the allocated\nentire net income as determined by such business under sections fifteen\nhundred three and fifteen hundred four of this chapter. In the event\nsuch allocated entire net income is a loss, there shall not be\nsubtracted from federal adjusted gross income in computing New York\nadjusted gross income such individual's distributive share of such loss.\n

## Nearby sections

- [N.Y. TAX Law § 611 New York taxable income of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S611.md)
- [N.Y. TAX Law § 612 New York adjusted gross income of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S612.md)
- [N.Y. TAX Law § 613 New York deduction of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S613.md)
- [N.Y. TAX Law § 614 New York standard deduction of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S614.md)
- [N.Y. TAX Law § 615 New York itemized deduction of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S615.md)
- [N.Y. TAX Law § 616 New York exemptions of a resident individual](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S616.md)
- [N.Y. TAX Law § 617 Resident partners and shareholders of S corporations](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S617.md)
- [N.Y. TAX Law § 617-A Residents; special provisions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S617-A.md)
- [N.Y. TAX Law § 618 New York taxable income of a resident estate or trust](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S618.md)
- [N.Y. TAX Law § 619 Share of a resident estate, trust or beneficiary in New York fiduciary adjustment](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S619.md)
- [N.Y. TAX Law § 620 Credit for income tax of another state](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S620.md)
- [N.Y. TAX Law § 620-A Credit against separate tax](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S620-A.md)
- [N.Y. TAX Law § 621 Credits to trust beneficiary receiving accumulation distribution](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S621.md)
- [N.Y. TAX Law § 624 Computation of separate tax on the ordinary income portion of lump sum distributions received by resident individuals, estates and trusts](https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S624.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ATAX_A22_P2_S617-A. Check the current official text before relying on it. Not legal advice.