§ 291. Meaning of terms. (a) Any terms used in this article shall
have the same meaning as when used in a comparable context in the laws
of the United States relating to federal income taxes, unless a
different meaning is clearly required. Any reference in this article to
the laws of the United States shall mean the provisions of the internal
revenue code of nineteen hundred fifty-four, and amendments thereto, and
other provisions of the laws of the United States relating to federal
income taxes, as the same may be or become effective at any time or from
time to time for the taxable year.

(b) The term "taxpayer" means an organization or trust described in
section two hundred ninety.

(c) The term "tangible personal property" means corporeal personal
property, such as machinery, tools, implements, goods, wares and
merchandise, and does not mean money, deposits in banks, shares of
stock, bonds, notes, credits or evidences of an interest in property and
evidences of debt.