NY Court Rejects Joint Tax Break In Empire Zone Appeal

Law360, New York (March 10, 2014, 2:47 PM EDT) -- A New York appellate court on Thursday approved the retroactive revocation of Empire Zone tax breaks from a real estate holding company that invested in an Ulster County brain injury center, finding it missed its chance to argue that its filings should have been considered alongside a sister entity that operates the business.

A unanimous, four-judge panel in the Albany's Third Department, a midlevel appellate court, upheld a trial court's July 2012 ruling rejecting petitioner Hudson River Valley LLC's challenge to the state's June 2009 revocation...
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