Legal Opinion
F. W. Woolworth Co. v. State Tax Commission
Appellate Division of the Supreme Court of the State of New York
Decided January 22, 1987PublishedCited by 5 opinions
1Opinion of the CourtLevine, J.
Proceeding pursuant to CPLR article 78 (transferred to this court by order of the Supreme Court at Special Term, entered in Albany County) to review a determination of respondent which sustained a franchise tax assessment imposed under Tax Law article 9-A.
The instant proceeding involves a determination of respondent sustaining the disallowance of a portion of petitioner’s interest expenses for long-term and short-term debts as a deduction from net income on petitioner’s State franchise tax for 1977. Petitioner, a New York corporation, is a long-established retailer of merchandise throughout…
2Cases cited5 opinions
- FW Woolworth Co. v. Taxation and Revenue Dept. of NMSupreme Court of the United States · 1982
- Memphis Natural Gas Co. v. BeelerSupreme Court of the United States · 1942
- Levin v. GallmanNew York Court of Appeals · 1977
- Israelson v. United StatesDistrict Court, D. Maryland · 1973
- Delia v. G. W. ChuAppellate Division of the Supreme Court of the State of New York · 1984
3Cited by5 opinions
- Carpenter Technology Corp. v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2002
- Unimax Corp. v. Tax AppealsNew York Court of Appeals · 1992
- F. W. Woolworth Co. v. New York State Tax CommissionNew York Court of Appeals · 1988
- Unimax Corp. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1991
- Unimax Corp. v. Tax AppealsNew York Court of Appeals · 1992