Is New York's Mark-to-Market Act Unconstitutionally Retroactive?

Tax Notes State, February 8, 2021, p. 541

Indiana Legal Studies Research Paper No. 438

10 Pages Posted: 11 Mar 2021

See all articles by Reuven S. Avi-Yonah

Reuven S. Avi-Yonah

University of Michigan Law School

David Gamage

Indiana University Maurer School of Law

Darien Shanske

University of California, Davis - School of Law

Kirk J. Stark

University of California, Los Angeles (UCLA) - School of Law

Date Written: 2021

Abstract

This essay analyzes the retroactivity issues that have been raised in regard to mark-to-market and other accrual income tax reforms, with a focus on New York State’s proposed Billionaire Mark-to-Market Tax Act.

Keywords: New York, Billionaires, MTM, Mark-to-Market Tax Act, Unconstitutional, New York Constitution

JEL Classification: K, K34

Suggested Citation

Avi-Yonah, Reuven S. and Gamage, David and Shanske, Darien and Stark, Kirk J., Is New York's Mark-to-Market Act Unconstitutionally Retroactive? (2021). Tax Notes State, February 8, 2021, p. 541, Indiana Legal Studies Research Paper No. 438, Available at SSRN: https://ssrn.com/abstract=3802629

Reuven S. Avi-Yonah

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4033 (Phone)

David Gamage (Contact Author)

Indiana University Maurer School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States

HOME PAGE: http://www.law.indiana.edu/about/people/bio.php?name=gamage-david

Darien Shanske

University of California, Davis - School of Law ( email )

400 Mrak Hall Dr
Davis, CA CA 95616-5201

Kirk J. Stark

University of California, Los Angeles (UCLA) - School of Law ( email )

385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States
310-825-7470 (Phone)

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