Law: A Close Point

A case which it is estimated will ultimately involve close to $100,000,000 and will certainly affect tremendously the housing situation in New York City was decided by Mr. Justice Tierney of the State Supreme Court.

In Hermitage Co. vs. Goldfolge he held that the tax exemption law of 1920, one of the Emergency Housing Laws of that year, is unconstitutional. The statute became a law September 27,1920, and has been twice amended, but never challenged. All building in New York City since its passage has been done upon the belief that the structures...

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