Legal Opinion
Carbide Chemicals & Plastic Co. v. Tax Appeals Tribunal
Appellate Division of the Supreme Court of the State of New York
Decided March 9, 1995PublishedCited by 5 opinions
1Opinion of the CourtPeters, J.
Proceeding pursuant to CPLR article 78 (initiated in this Court pursuant to Tax Law § 2016) to review a determination of respondent Tax Appeals Tribunal which sustained a real property transfer gains tax assessment imposed under Tax Law article 31-B.
Pursuant to a contract of sale entered into on December 31, 1985, petitioner agreed to sell to Keren Limited Partnership certain real property in Westchester County for $170,000,000. The purchase price was paid by two promissory notes, each secured by a purchase-money mortgage: the first for $102,000,000, due and payable on December 31, 1986 with…
2Cases cited5 opinions
- Western & Southern Life Ins. Co. v. State Bd. of Equalization of Cal.Supreme Court of the United States · 1981
- 1230 Park Associates v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1991
- Cove Hollow Farm, Inc. v. State of New York Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1989
- F & W Oldsmobile, Inc. v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1984
- Executive Land Corp. v. ChuAppellate Division of the Supreme Court of the State of New York · 1989
3Cited by5 opinions
- Aetna Casualty & Surety Co. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1995
- Capital Financial Corp. v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1996
- Fazkap Associates v. Commissioner of New York State Department of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1996
- New York State Clinical Laboratory Ass'n v. DeBuonoAppellate Division of the Supreme Court of the State of New York · 1998
- Estate of Brockman v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1997