A New York appellate court has rebuffed Disney Enterprises' efforts to receive a $1.3 million refund in state corporate franchise taxes it paid in the 1990s. The court agreed with the state Tax Appeals Tribunal that a Disney subsidiary, immune from New York taxes if viewed alone, may nevertheless be required to pay state taxes as part of a "unitary group." Unitary groups are related companies in different segments of one industry.
March 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
An upstate appellate court has rebuffed Disney Enterprises’ efforts to receive a refund of $1.3 million in New York state corporate franchise taxes it paid in the 1990s.
The Appellate Division, 3rd Department, in Disney v. Tax Appeals Tribunal of the State of New York, 99719, last week agreed with the state Tax Appeals Tribunal that a Disney subsidiary, immune from New York taxes if viewed alone, may nevertheless be required to pay state taxes if it is part of a “unitary group.”
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