U.S. Court of Appeals for the Second Circuit Tax Credits Foreign Transactions – Economic Substance Doctrine Bank of NY Mellon v. Comm’r; Am. Int’l Grp., Inc v. United States 14-704-ag(L); 14-765-cv Judges Cabranes, Raggi and Chin Background: The appeals originate ...Read More »
ALBANY — The state Senate’s Independent Democratic Conference says the state budget will include five-figure tax credits to employers to hire recent veterans as a way to reduce the high unemployment rate of service members returning from combat. IDC spokesman ...Read More »
U.S. Sen. Charles E. Schumer is fighting for tax credits that encourage developers to restore historic buildings. Schumer met Monday with several local developers and Mayor Thomas S. Richards at the Academy Building, 13 S. Fitzhugh St., which is being ...Read More »
A new state law is designed to expand state support of the film and television industry, particularly upstate. Gov. Andrew M. Cuomo on Tuesday signed legislation that will strengthen existing state incentives to attract film post-production activity to New York. ...
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New York state is issuing too much tax credit for the development of formerly contaminated brownfield sites in areas that aren’t located where the money is needed, according to a report released by the Albany-based environmental protection watchdog group Environmental ...Read More »
NEW BERLIN — The maker of Chobani Greek-style yogurt is getting $18 million in tax credits for a planned $90 million expansion of its operations in New Berlin, 50 miles southeast of Syracuse. Empire State Development Corporation announced Tuesday ...Read More »
On Monday, the U.S. Supreme Court ruled that taxpayers who challenged an Arizona law providing tax credits to school tuition organizations lacked standing to challenge a program that uses state funds generated by tax revenues to award scholarships to private religious schools.Read More »