Law Offices of Gary Martin Hays & Associates
P.C.
75 Ponce De Leon Ave NE Ste 101
Atlanta,
GA 30308(470) 294-1674
www.garymartinhays.com
In a decision that could cost New York millions of dollars in revenue, the Division of Tax Appeals found that the state's unrelated business income tax is pre-empted by the federal Employment and Retirement Security Act and inapplicable to pension and profit-sharing funds. The case, involving Manhattan-based international consulting company McKinsey & Co., has been closely watched because many states impose an unrelated business income tax.
December 10, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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