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No ERISA Preemption of California Unrelated Business Income Tax, Says Second Circuit
Deloitte via Link to more items from this source
June 20, 2006
Excerpt: [The U.S. Court of Appeals for the Second Circuit has ruled that] ERISA does not preempt the application of California's unrelated business taxable income (UBTI) tax to an ERISA pension trust, which is otherwise tax-exempt under both U.S. and California tax law ... [The case is] Hattem v. Schwarzenegger, ___ F. 3d ___, No. 05-3926-cv (2d Cir., May 23, 2006).... Many states have UBTI laws, and the application of those laws to ERISA plan trusts has been an issue for years.

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