General.
(a) General. The New York State minimum taxable income of a resident individual or of a resident estate or trust is the total of the New York items of tax preference reduced, but not below zero, by the aggregate of the following:
(1)the specific deduction described in section 122.7 of this Part;#
(1) the specific deduction described in section 122.7 of this Part;
(2)the New York State personal income tax described in paragraph (b)(2) of this section; and#
(2) the New York State personal income tax described in paragraph (b)(2) of this section; and
(3)any net operating loss for the taxable year available as a carryover to a succeeding taxable year (see subdivision [c] of this section).#
(3) any net operating loss for the taxable year available as a carryover to a succeeding taxable year (see subdivision [c] of this section).