Bulk Asset Purchase Transactions Involving New York Sales Tax Vendors: Be Carful There and Everywhere

• In Event: Discussion Topics in Taxation

Abstract

This paper explores the potentially harsh impact of the bulk sales provisions of New York State’s Tax Law on the purchaser of assets (either personal, intangible or real) from a sales tax vendor other than in the ordinary course of business. The author also points out that New York is not alone in its treatment of these types of transactions.

Author

• James Bruno Biagi, Marywood College