Legal Opinion
Hudson Valley Federal Credit Union v. New York State Department of Taxation & Finance
New York Court of Appeals
Decided October 18, 2012PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Graffeo, J.
We are asked in this case whether mortgages issued by federal credit unions are subject to the New York State mortgage *7recording tax under article 11 of the Tax Law. We answer in the affirmative.
In 2009, plaintiff Hudson Valley Federal Credit Union commenced this declaratory judgment action against defendants State Department of Taxation and Finance, its Commissioner and the State of New York (collectively, the Department). Hudson Valley asserted that it was not required to pay the mortgage recording tax (MRT) on mortgage obligations issued to members because…
2Cases cited21 opinions
- Federal Land Bank of St. Paul v. Bismarck Lumber Co.Supreme Court of the United States · 1941
- United States v. New MexicoSupreme Court of the United States · 1982
- T I Federal Credit Union v. DelBonisCourt of Appeals for the First Circuit · 1995
- Federal Communications Commission v. Nextwave Personal Communications Inc.Supreme Court of the United States · 2003
- Whitfield v. United StatesSupreme Court of the United States · 2005
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3Cited by4 opinions
- O'Donnell & Sons, Inc. v. New York State Dept. of Taxation & Fin.Appellate Division of the Supreme Court of the State of New York · 2021
- Trenton Bus. Assistance Corp. v. O'ConnellAppellate Division of the Supreme Court of the State of New York · 2021
- Arthur L Marquez and Victoria E MarquezUnited States Bankruptcy Court, D. New Mexico · 2020
- O’Donnell & Sons, Inc., on behalf of itself and all persons similarly situated v. New York State Department of Taxation and Finance, et al.District Court, S.D. New York · 2026