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.