Court of Appeals of New York
Hudson Valley Fed. Credit v. New York State Dep't of Taxation & Fin., 154
In a credit union's declaratory judgment action against the State Department of Taxation and Finance, its Commissioner and the State of New York, claiming that it was not required to pay the mortgage recording tax (MRT) on mortgage obligations issued to members, the Appellate Division's grant of defendants' motion to dismiss is affirmed where based on the principles of statutory interpretation and the legislative history of the Federal Credit Union Act, the federal credit union mortgages are not exempt from the State's MRT.
Appellate Information
- Decided 10/18/2012
- Published 10/18/2012
Judges
- Graffeo
Court
- Court of Appeals of New York