This Week
  • Williamson businesses and residents are signing up to become part of a solar system.

  • RIT, RGH hold opening ceremonies for RIT's Clinical Health Sciences Center.

  • Thomas Bonadio has grown the Bonadio Group into the nation's 40th largest CPA firm.

  • Steve General Contractor was founded in 1973 by a Jamaican immigrant.

  • Tim Dougherty found satisfaction in creating a nutritional lifestyle.

  • The 2015 edition features an exclusive interview with Paychex CEO Martin Mucci.

Kodak, N.Y. reach proposed settlement on back taxes

Rochester Business Journal
April 23, 2013

Eastman Kodak Co. and the state Department of Taxation and Finance have reached a proposed settlement for back taxes the state claims Kodak owes.

A stipulation, agreed to by both the state and Kodak, was filed late Monday in U.S. Bankruptcy Court.

The state on June 21, 2012, filed a claim with the Bankruptcy Court claiming Kodak owed a total of $5.25 million, for the period ending Dec. 31, 2008. The total consists of $2.66 million in tax, along with interest of $2.4 million and a penalty of $159,038.

The proposed resolution would give the state a priority tax claim of $3.63 million, which consists of $1.81 million in tax along with interest of $1.82 million. The claim would be paid in part with a sales and use tax refund owned to Kodak.

If the proposal receives no objections by April 29, Kodak can go ahead with the settlement without prior approval of the bankruptcy court judge.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google