The New York Division of Tax Appeals found that an online loan marketplace was not a taxable information service based on the following: “an information service “has been interpreted to mean ‘the sale of the service of furnishing information by a business whose function it is to collect and disseminate information which is taxable under Tax Law § 1105 (c) (1) and not the mere sale of information.
Source: salestaxinstitute.com
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