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TAX LAW NEWS - TAX LITIGATION
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New York Governor Andrew Cuomo unveiled his new property tax cap at a family home in Lancaster Tuesday morning. He even signed the bill into law right on the front lawn. “It says that the property taxes can’t go up more than 2% per year or the rate of inflation, whichever is less. Unless 60% [...]
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New York Gov. Andrew Cuomo has signed two new laws for property tax breaks for some farms and some first-time home buyers, both recently approved by the Legislature.
One would continue a municipal option to provide tax incentives for purchases of new homes by first-time buyers. Sponsors call home ownership “the most potent form” of economic [...]
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In response to a recent tax decision that cost a Connecticut couple $1 million, two Long Island lawmakers have introduced legislation in Albany to exempt some out-of-state residents with New York homes from paying additional taxes.
The proposed law would shield many affluent summer homeowners in places like the Hamptons or upstate ski towns from higher [...]
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The U.S. Court of Appeals for the Second Circuit has issued a unanimous decision upholding the authority of New York State to collect taxes on cigarette sales made on reservation land to non-Indian tribe members.
The Second Circuit recognized that New York’s law carefully balances the interests of Tribal sovereignty with the State’s legitimate interests in [...]
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Both e-tailers have claimed that New York’s state law forcing them to collect sales tax on online purchases is unconstitutional.
The original complaint had been dismissed.
Amazon and Overstock filed their cases in early 2008 and have been collecting taxes on purchases from NY buyers ever since while they await the case.
Cnet got a quote from Brad [...]
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Discount online travel agencies Expedia.com, Priceline.com and others lost big in New York State Supreme Court last week when a judge dismissed their lawsuit against the city’s hotel tax. The ruling will pay off in greater transparency for online travel customers and preserve millions for city coffers.
The lawsuit targeted a city law, enacted in September [...]
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The Paterson administration wants to change the way New York businesses get tax breaks for job creation, proposing credits for research and development, capital investment and payroll costs for new jobs in high technology, biotechnology, clean energy, finance and manufacturing.
The proposed Excelsior Jobs Program would replace the Empire Zones Program, which provides tax incentives for [...]
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We do our best to stay up to date on reverse mortgage legislation but every once and a while something slips by and the Reverse Mortgage Fairness Act of 2009 is a perfect example. New York’s Govenor signed A08305 in July and the bill became effective Oct. 26, 2009.
The bill amended Banking Law and Real [...]
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As many Americans gird themselves for the Black Friday shopping crush, we can think of a lot of reasons to stay home and do holiday shopping online. Not having to pay sales taxes should not be one of them.
Online retailers who do not collect sales tax enjoy a significant and unfair advantage over rivals who [...]
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A state proposal to add a 4% tax for downloading movies and music will also apply to Internet porn.
Gov. Paterson recently suggested the so-called iPod tax to help close a $15 billion budget deficit, but few realized the levy would also apply to XXX-rated material.
The skin industry denounced the move as a cheap political stunt.
“The [...]
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