New York ALJ Says Online Loan Marketplace’s Services are Not Taxable Information Services

An administrative law judge with the New York Division of Tax Appeals held in a taxpayer’s favor that the services it provides to its lenders that pay a fee for the use of its online loan marketplace are not subject to New York sales and use tax because the primary function of the marketplace is to facilitate the writing of loans by its network of lenders, rather than provide a taxable information service.

Source Deloitte

---

---