Damon Dash's $8.7 Million Tax Debt Threatens Roc-A-Fella Auction Proceeds as New York State Steps In
Damon Dash owes over $8.7 million in unpaid taxes, with New York State seeking priority access to the upcoming Roc-A-Fella Records auction proceeds.
Damon Dash wearing sunglasses
Photo Credit: TRE Productions / CC by 4.0
The United States Marshals Service will auction Dash's 33.3% ownership stake in Roc-A-Fella Records on August 29, with a minimum bid of $1.2 million. The auction primarily concerns rights to Jay-Z's debut album, "Reasonable Doubt," as the label dissolved in 2013.
Multiple parties are vying for the auction proceeds:
- Josh Webber: Owed $823,000 from a civil lawsuit judgment
- Department of Social Services: First priority claim for $145,096 in child support
- New York State: Claims $8.7 million in back-taxes and penalties from 2005-2018
The New York Department of Taxation & Finance filed a motion in Manhattan federal court to intervene in the proceedings, stating this auction may be their final opportunity to recover some of the long-standing tax debt.
The auction will take place at a Manhattan hotel, with proceeds being distributed according to legal priority. Roc-A-Fella's other musical catalogs are not included in this sale.
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