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Articles Posted in New York

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Transfer Tax and Distressed Real Estate: New York and California

Real Estate markets in major cities have taken a hit given the events of the past year. In the latest Swimming Lessons Series presentation,  SALT partner Craig Becker and Real Estate partner Andrew Weiner explore the intersection of transfer tax and enforcement in New York and California. Explore this topic…

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New York Trial Court Finds State’s Attempt to Tax Storage Services Performed Entirely in New Jersey Arbitrary and Capricious

A New York trial court held that charges for storage services rendered in New Jersey were not subject to New York sales tax despite the fact that the property was originally picked up in New York. Vital Records, Inc. v. New York State Dep’t of Taxation & Finance, No. 900088-19…

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Tax Executives Institute New York Chapter State and Local Tax – Summer Update Virtual Meeting

Pillsbury SALT attorneys Marc Simonetti, Carley Roberts and Nicole Boutros will present during TEI NY’s State and Local Tax Summer Update Meeting, sponsored by Pillsbury, on August 26. Counsel Nicole Boutros will present “CARES Act Conformity – NOL and Interest Expense Deduction,” partner Marc Simonetti will present “SALT Controversy Update…

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New York FY 2021 Budget Bill Decouples from CARES Act Taxpayer Relief Provisions

On April 3, 2020, New York State enacted the 2021 fiscal year budget (Budget). The Budget contains several tax measures including decoupling from taxpayer relief provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act was signed into law on March 27, 2020 with the…

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New York Appellate Division Rejects Retroactive Application of Tax Law

On December 26, 2019, the New York State Supreme Court Appellate Division issued a strong rebuke to retroactivity by holding that a law with a 97-day retroactivity period violated the taxpayer’s Due Process rights. Matter of Mackenzie Hughes LLP et al. v. New York State Tax Appeals Trib. The Supreme Court…

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Navigating Local Labyrinths: Practitioners’ Guide to Local Taxes

In this article, Carley Roberts and co-authors discuss some of the more significant locally imposed taxes that could cause unexpected issues for businesses entering a new jurisdiction. They highlight Chicago Personal Property Lease Transaction Tax, San Francisco local taxes, New York City commercial rent tax, New Jersey local property tax,…

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TEI New York Chapter’s 56th Annual Tax Symposium

Tax Executives Institute’s New York Chapter presents its 56th Annual Tax Symposium on December 12! The Symposium offers three concurrent technical tax sessions for Federal, State and Local and International Taxes with a wide range of important topics and great speakers. The State and Local Tax session will feature a…

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Pillsbury SALT recognized in U.S. News – Best Lawyers 2020 Best Law Firms Rankings

Pillsbury has earned a total of 154 national and regional practice rankings in the latest U.S. News – Best Lawyers 2020 Best Law Firms survey. The Tax team’s rankings include: National, Tier 1 in Litigation – Tax and Tax Law Miami, Tier 1 in Tax Law New York City, Tier 3 in…

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NYS Tax Department: Changes to Sales Tax Collection Requirement for Marketplace Providers

New York State increased the sales tax economic factor presence nexus threshold from $300,000 to $500,000. The change is retroactive to June 1, 2019. Accordingly, marketplace providers with no physical presence in the state are required to register and collect New York sales tax if the provider’s gross receipts from…

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Pillsbury SALT, TEI NY and “Sales Tax: Transformation in Action”

Pillsbury is proud to partner with TEI’s NY Chapter to host their State & Local Chapter Meeting. Join Pillsbury SALT and TEI NY Chapter members for “Sales Tax: Transformation in Action.” In a presentation designed for sales tax compliance professionals at all levels, Sheila Rao, Senior Vice President, TEI NY…