New York State Tax Appeals Tribunal Finds Passive Ownership Interest In Partnership Doing Business In State Creates Nexus
Mondaq Business Briefing › United States Law Articles in English (2010)
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New York State Tax Appeals Tribunal Finds Passive Ownership Interest In Partnership Doing Business In State Creates Nexus
The New York State Tax Appeals Tribunal has held that out-of-state corporations that had passive ownership of a partnership conducting business in the state had nexus for purposes of New York corporation franchise tax.1 Even though the corporations did not conduct business in New York in their own capacity, their ownership interest in the partnership was sufficient to est...
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