MoFo New York Tax Insights

Volume 9, Issue 9

09/11/2018
Newsletter

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

  • an Appellate Court reversal of a Tribunal decision that had denied QEZE credits because the real estate taxes were paid to a bank’s mortgage escrow account rather than straight to the taxing authority (on page 1);
  • an ALJ decision holding that estimated sales tax exemption amounts do, in fact, constitute a cap on the sales tax exemption benefits allowed to the designated agent of an industrial development agency (on page 2);
  • newly released guidance concerning the New York State treatment of Section 965 repatriation amounts under the Federal Tax Cuts and Jobs Act of 2017 for C corporations and flow-through entities (on page 4);
  • a New York County Supreme Court decision holding that, if a taxing authority seeks to revoke a previously granted property tax exemption, it must bear the burden of demonstrating the exemption is no longer valid and must address the use to which the property has been put (on page 5);
  • and more (on page 6).

Read our newsletter.

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2018 Morrison & Foerster LLP. All rights reserved.