New UBT Rules for Legal Work in NYC

New York City's 2006 Executive Budget, recently passed by the NY State Legislature (S5568/A8434), significantly changes the NYC Unincorporated Business Tax (UBT) rules. Assuming the law is signed by the governor, as expected, law firms working in NYC will need to adjust to changes in three areas.

7 minute read August 31, 2005 at 02:22 PM
By
Joseph A. Bailey, JR., Peter Leonardis And Gregg Sincoff
New UBT Rules for Legal Work in NYC

New York City's 2006 Executive Budget, recently passed by the NY State Legislature (S5568/A8434), significantly changes the NYC Unincorporated Business Tax (UBT) rules. Assuming the law is signed by the governor, as expected, law firms working in NYC will need to adjust to changes in three areas:

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