Mortgage Recording Tax on Mezzanine Debt, Preferred Equity Again Proposed in N.Y. Senate | Insights
Laws to impose a tax on the creation of mezzanine financial debt and favored equity was reintroduced on Jan. 4, 2023, in the last two periods of the New York state legislature, by the very same state senators who proposed it previously. The only change is the invoice number, which is now S-318 as an alternative…