• New York State Passes Second Program for Tax Shelter Taxpayers to Come Forward and Limit Penalties
  • May 9, 2008 | Author: Barbara T. Kaplan
  • Law Firm: Greenberg Traurig, LLP - New York Office
  • The New York State Budget Bill for 2008-2009 (S.6807-C, A.9807-C), enacted on April 23, 2008, provides for a second Voluntary Compliance Initiative (VCI) for tax shelter transactions. The prior Tax Shelter VCI initiative ran from October 1, 2005, through March 1, 2006.