MATTER OF LEISURE VUE, INC. v. COMM'R OF TAXATION & FIN.


172 A.D.2d 872 (1991)

In the Matter of Leisure Vue, Inc., Petitioner, v. Commissioner of Taxation and Finance et al., Respondents

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

April 4, 1991


Yesawich, Jr., J.

Petitioner, which provides paid television service to its subscribers, reduces original electromagnetic wave signals emitted by transmission companies to widths compatible with its customers' televisions. The investment tax credits which petitioner claimed against its corporate franchise taxes for the years 1980 through 1982 for the equipment it utilizes to "down-convert" the electromagnetic wave signal were disallowed. Petitioner thereupon...

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