MATTER OF C. E. TOWERS CO. v. STATE TAX COMM'N


135 A.D.2d 976 (1987)

In the Matter of C. E. Towers Company, Appellant, v. State Tax Commission, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

December 17, 1987


Yesawich, Jr., J.

At issue is a mortgage recording tax of $247,911 paid by petitioner in May 1981, in connection with the recording of a construction loan mortgage petitioner obtained from Chase Manhattan Bank (hereinafter Chase) to erect a 16-story office building. In 1980, the State Comptroller, as trustee of the Common Retirement Fund of the New York State Employees' Retirement System (hereinafter the Retirement System), issued a commitment to petitioner...

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