Capital Financial Corp. v. Commissioner of Taxation & Finance
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Mercure, J.
In connection with its business of obtaining mortgages, petitioner incurs liability as a corporate mortgagee for payment of the "special additional mortgage recording tax” in cases where the mortgaged premises consist of "real property principally improved or to be improved by one or more structures containing in the aggregate not more than six resi*232dential dwelling units” (Tax Law § 253 [1-a] [a]). Under Tax Law § 210 (17) (a), taxpayers are allowed a credit against the corporation franchise tax imposed by Tax Law article 9-A for the amount of special additional…
2Cases cited11 opinions
- McKesson Corp. v. Division of Alcoholic Beverages and Tobacco, Fla. Dept. of Business RegulationSupreme Court of the United States · 1990
- Western & Southern Life Ins. Co. v. State Bd. of Equalization of Cal.Supreme Court of the United States · 1981
- Press v. County of MonroeNew York Court of Appeals · 1980
- 41 Kew Gardens Road Associates v. TyburskiNew York Court of Appeals · 1987
- Brady v. StateNew York Court of Appeals · 1992
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