161.1 Change of election—general.
Tax Law, § 661 Elections by taxpayers for New York State personal income tax purposes are of two kinds:
(a)those as to which article 22 of the Tax Law provides that the taxpayer's election for Federal income tax purposes be binding for New York State personal income tax purposes; and#
(a) those as to which article 22 of the Tax Law provides that the taxpayer's election for Federal income tax purposes be binding for New York State personal income tax purposes; and
(b)those as to which article 22 authorizes a different or independent election for New York State personal income tax purposes.#
(b) those as to which article 22 authorizes a different or independent election for New York State personal income tax purposes.