Living With New York's New Corporate Investment Income Rules

Peter Faber wrote in this bylined article that the latest New York State corporate investment income rules “will impose major compliance burdens and record-keeping obligations on corporations that want to have part of their income treated as investment income.” Mr. Faber advised that companies “should be adopting record-keeping and identification procedures to comply with the new rules,” although in some cases “compliance may be difficult in addition to being expensive.”