Tag: state and local regulation
New York City Taxation of Corporate REMIC Residual Interest Holders by Mireille Zuckerman
I. Introduction In 2007, the New York Division of Tax Appeals ruled in Delta Financial that the starting point for determining New York State corporate entire net income includes Real Estate Mortgage Investment Conduit (REMIC) excess inclusion.[1] The effect of Delta Financial is that even if a corporation has net losses for a taxable year,…
19 Nov 2010
Anti-Immigrant Housing Ordinances and Comprehensive Reform by Daniel Eduardo Guzman
Introduction No fewer than 100 counties and municipalities across the nation have passed anti-immigrant housing ordinances (AIHOs) that are designed to expel or discourage undocumented immigrants from living in their communities.[1] The most infamous of these municipal ordinances, Hazleton, Pennsylvania’s Illegal Immigration Relief Act Ordinance (IIRA), was passed in 2006.[2] In addition to Hazleton-style IIRAs,…
1 Nov 2010