New York State Tax Litigation Win

Kramer Levin represented Univisa, Inc., formerly owned by a Mexican media corporation, before the New York State Division of Tax Appeals in a litigation concerning whether Univisa was entitled to utilize certain net operating losses generated by an affiliate in calculating its New York State income.  The Administrative Law Judge issued his decision on August 3 granting the relief sought by Univisa and canceling the tax assessment issued by the New York State tax department in the amount of $1.6 million.  The language of the ALJ’s decision with respect to the law and arguments came largely from our briefs.  Maria Jones, Howard Rothman, Pamela Capps and Mary Jo Brady worked on this matter.