In This Issue:

- Governor Cuomo Releases 2015-16 Executive Budget, Including New York City Corporate Tax Reform

- New Commissioner of Taxation and Finance

- ALJ Holds That Husband Changed His Domicile to London

- Reimbursements Received for “Loyalty Card” Program Are Includable in Receipts for Sales Tax Purposes

- ALJ Upholds Denial of Brownfield Credit

- Insights in Brief

- Excerpt from Governor Cuomo Releases 2015-16 Executive Budget, Including New York City Corporate Tax Reform:

As we went to press, New York State Governor Andrew M. Cuomo released the 2015-2016 Executive Budget. The proposed budget includes a variety of tax proposals, including: (i) expanding sales tax collection for “marketplace providers” (Part X); (ii) closing certain “sales and use tax avoidance strategies” (Part Y); (iii) requiring transportation, utility, and telecommunications companies subject to Article 9 to first refund overpaid taxes to customers in order to obtain a refund or credit of overpaid taxes (Part Q); (iv) technical changes to the 2014 New York State corporate tax reform legislation (Part T); and (v) creating a professional and business license tax clearance procedure requiring that past-due tax liabilities be satisfied in order to receive or renew professional or business licenses (Part JJ).

The Executive Budget also includes a New York City corporate tax reform proposal, retroactive to tax years beginning on or after January 1, 2015, which would generally (but not entirely) conform to last year’s New York State corporate tax reform legislation (Part QQ).