State & Local Tax

2006-2007 Tax News

Client Alert - Municipal Bonds: May-24-2007 — The United States Supreme Court recently granted certiorari with respect to a major case involving municipal bonds.
Refund opportunity for nonresidents with stock option income: Aug-29-2006 — A recent New York Tax Appeals Tribunal ruling may present a refund opportunity for nonresidents who paid tax to New York on stock option income using the “grant-to-exercise” rule.
New York State Property Tax Rebate Program: Jul-13-2006 — New York State homeowners can expect increased tax savings in the form of either a rebate or a tax credit later this year.
2006-07 New York State Budget: Jun-15-2006 — On April 26, 2006, the New York State Legislature voted to override Governor Pataki’s veto of the original budget legislation. This article summarizes the new legislation the Legislature recently enacted.
Tax Alert: Erie County Sales Tax Rate Increase: Jan-12-2006 — Effective January 15, 2006, the local sales tax rate in Erie County, NY will increase to 4.75 percent. This local rate increase will bring the combined sales tax rate to 8.75 percent. This new rate will remain in effect through November 30, 2007.