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New York State Franchise Tax

The Office of Counsel, Advisory Opinion Unit, of the New York State Department of Taxation and Finance, has issued an Advisory Opinion dated March 5, 2009 (TSB-A-09(4)C) taking the positon that a corporation dissolved by proclamation, that is the record title holder of real property located in New York State as nominee for the benefit of others, which is otherwise inactive and not conduting business in the State, is for the period following its dissolution not subject to State franchise tax under Tax Law Article 9-A. The Advisory Opinion is posted to the Department's web site at
http://www.tax.state.ny.us/pdf/advisory_opinions/corporation/a09_4c.pdf

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This page contains a single entry from the blog posted on March 20, 2009 9:12 PM.

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