<p>New York City Tax Appeals Tribunal Finds Subsidiary HMO Must Be Included in Combined GCT Returns</p>

New York City Tax Appeals Tribunal Finds Subsidiary HMO Must Be Included in Combined GCT Returns

The New York City Tax Appeals Tribunal found an insurance holding company is required to include its New York HMO subsidiary in its New York City combined general corporate tax returns because, according to the state's Insurance Law and Public Health Law, HMOs are not insurers and do not conduct insurance business in the state.

ALJ decision <a href="/lr/resolve//1vd7"> <img src="//s3.amazonaws.com/binary.taxnotes.com/image/etl/doclink.gif" border="0" alt="2014 STT 145-31: State Administrative Rulings"/></a>.

This document was released June 20, 2016.

The New York City Tax Appeals Tribunal reversed an administrative law judge's determination and found an insurance holding company is required to include its New York HMO subsidiary in its New York City combined general corporate tax returns because, according to the state's Insurance Law and Public Health Law, HMOs are not insurers and do not conduct insurance business in the state.