By Joseph Endres and Joshua Lawrence ( April 6, 2022, 5:20 PM EDT) -- In a Feb. 28 decision with significant implications for the sales taxation of artwork, the New York Tax Appeals Tribunal ruled in Matter of the Petition of Objet LLC that a one-half share in a painting was validly acquired for resale, resulting in a six-figure sales tax refund for the painting's co-owner....
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