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Home > Publications > Finance and Budget FINANCE AND BUDGET
All documents are in PDF Format
| Redacted Letter Rulings - General Corporation Tax |
When a related corporation does not have the same year as the parent (or the corporation designated as the “parent”) on the combined report, the related corporation’s activities for its taxable year that ends during the parent’s taxable year are used for purposes of reporting and filing as part of a combined report. #11-4917 7/28/11
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - General Corporation Tax
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| Redacted Letter Rulings - Unincorporated Business Tax |
The sale of its assets by an entity eligible to claim a REAP credit constitutes a sale of the business for REAP purposes, permitting the purchasing entity to continue the selling entity’s REAP eligibility, where the purchasing and selling entities were under the same management and control, carried on the same business operations, operated from the same space, used the same phone number and utilities account, and employed the same personnel. #09-4902 12/14/10
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Unincorporated Business Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
Subsidy amounts by governmental entities on behalf of non-governmental purchasers of property are subject to tax. #10-4909 6/03/11
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
Payments pursuant to an arrangement characterized as a “lease” are not subject to the Commercial Rent Tax when the substance of the arrangement is a financing arrangement and not a true lease. #10-4913 5/18/11
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
Purchase of a condominium by a mother a year after purchases of condominiums by her sons in the same building is held to be a purchase of an individual residential unit. 10-4915 5/06/11
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
Residential property with a small office is subject to the lower rate. #10-4914 4/22/11
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
A transfer of an economic interest in real property to a charitable organization, and a possible transfer of that interest from that organization, are not collapsed under the step transaction doctrine, where the first transfer was the result of a will executed long before the second transferee was involved, the possible second transfer was the result of unintended defaults on loans, and the second transfer, depending on future events, may never occur. #10-4906 9/29/10
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
The transfer of two adjacent condominium units by a sponsor, in a single transaction, is treated as the transfer of units combined at the time of sale and subject to tax as the sale of an individual residential condominium unit, where the units had never been occupied and the sponsor agreed, as part of the transaction, to undertake construction to physically combine the units before the purchasers’ ocupancy. #09-4901 6/25/10
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
Sale of a cooperative apartment and a supplemental unit are held to be a sale of an individual cooperative apartment subject to the lower rate schedule. #08-4879 5/13/10
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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| Redacted Letter Rulings - Real Property Transfer Tax |
The tax rate for one, two or three family homes is applicable to the transfer of a building containing two residential units and an eating establishment, where the tax classification reflects that the building is used primarily for residential purposes and there is no information suggesting the classification is incorrect. #09-4899 1/08/10
Publisher: Finance - Date Created: 11/21/2011 - Type: Legislative Document
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Redacted Letter Rulings - Real Property Transfer Tax
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