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.