A new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. Sales of tangible personal property are subject to New York sales tax unless they are specifically exempt.Sales of services are generally exempt. Private property refers to things that belong to people or businesses, not the government. The misconception is that just because a business is publicly open, or shared publicly that it's somehow the same as your public park. In New York, eminent domain gives the government the power to take your property, even if you don't want to sell. Learn about what marital property is and how it is distributed during a divorce, and discover how property rights are decided in the New York court system.