Revised New York State Department of Taxation and Finance Policy

Revised New York State Department of Taxation and Finance Policy Creates New Refund and Tax Planning Opportunity related to

• statutory options,
  
  
• nonstatutory options that do not have a readily ascertainable fair market value at the time of grant,
  
  
• restricted stock plans where the election under section 83(b) of the Internal Revenue Code has not been made (except for dividend income related to the stock),
  
  
• and stock appreciation rights.

See Technical Services Bulletin Memorandum # 06(7)I for details.