Taxpayer Win on Retroactivity: An Important Step for New York Tax Law

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Earlier this week, our State & Local Tax Team examined the New York Appellate Division’s rejection of the state’s attempt to retroactively unwind already-claimed taxed credits after a New York court invalidates the state’s retroactive application of tax legislation as violating the Due Process Clause.

  • Applying New York’s three-factor standard to determine whether a retroactive tax law is constitutional
  • Comparing a taxpayer-friendly outcome to a taxpayer defeat
  • It all comes down to how and why

Read the full advisory here.