MoFo New York Tax Insights

Volume 10, Issue 11

04 Nov 2019

Welcome to the latest issue of New York Tax Insights. In this issue we cover:

  • A federal district court judge’s dismissal of a suit brought by New York and other states seeking to invalidate on constitutional grounds the $10,000 SALT cap  enacted as part of the Federal Tax Cuts and Jobs Act of 2017 (on page 1).
  • A New York City Administrative Law Judge’s rejection of a tax-exempt partner’s claim that a New York City real property transfer tax exemption should be applied to the exempt partners’ proportionate share of a sale of property by a taxable partnership (on page 2).
  • A recent ALJ decision denying a refund to a tax-exempt religious organization due to failure to meet strict statutory requirements providing exemptions from the motor fuel tax for exempt organizations (on page 4).
  • The New York State Tax Department’s revision of its draft Article 9-A regulations pertaining to the Prior Net Operating Loss Conversion (on page 5).
  • And more (on page 6).

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