Maryland Ruling Could Unburden NYC Pied-à-Terre Owners

Overview


Arthur Rosen was noted as telling Forbes that because of the US Supreme Court ruling against Maryland’s tax regime in Comptroller v. Wynne, “I believe it’s clear now that the New York statutory residency test is unconstitutional.” Mr. Rosen contended that second home owners in New York who are paying double taxes on investment income – “to New York as statutory residents and to their home state as domiciliaries” – are due tax refunds. Read the full article