Legal Opinion
Lever v. New York State Tax Commission
Appellate Division of the Supreme Court of the State of New York
Decided November 3, 1988PublishedCited by 3 opinions
1Opinion of the CourtMahoney, P. J.
Appeal from a judgment of the Supreme Court (Bradley, J.), entered November 10, 1987 in Albany County, which dismissed petitioner’s application, in a proceeding pursuant to CPLR article 78, to review a determination of respondent sustaining a real estate transfer gains tax imposed under Tax Law article 31-B.
On March 24, 1983, petitioner entered into a written agreement with VMS Realty, Inc. concerning the sale of three five-story office buildings in Nassau County for a purchase price of $33,500,000. VMS Realty put a "good-faith” deposit or $50,000 into escrow pursuant to the terms of the…
2Cases cited4 opinions
- Brause v. GoldmanAppellate Division of the Supreme Court of the State of New York · 1960
- Brause v. GoldmanNew York Court of Appeals · 1961
- Old Nut Co. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1987
- Saratoga Harness Racing, Inc. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1986
3Cited by3 opinions
- Federal Deposit Insurance v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1993
- American Express Co. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1993
- Federal Deposit Insurance v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1993