• IRS Provides Guidance on Tax Treatment of World Trade Center Grant Program Payments
  • October 1, 2003 | Authors: Mayer Greenberg; Ross F. Moskowitz
  • Law Firm: Stroock & Stroock & Lavan LLP - New York Office
  • On March 13, 2003, the Internal Revenue Service ("IRS") published Notice 2003-18 to provide guidance on various questions regarding the tax treatment of payments made under three grant programs initiated by the Empire State Development Corporation (the "EDSC") in the wake of the September 11, 2001 World Trade Center attacks.