Home / Columns and Features / New York passes work-arounds to limits on SALT deductions (access required)

New York passes work-arounds to limits on SALT deductions (access required)

To use Gov. Andrew Cuomo’s words, the federal government launched an “economic missile” at New York State in passing tax reform last year. Now, New York has fought back with its equivalent of a missile defense system: work-arounds to allow New Yorkers to continue to deduct their state and local taxes. In the budget passed last ...

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Joining trend, New York proposes marketplace tax system (access required)

Gov. Andrew Cuomo’s 2019 Budget Bill contains a new sales tax collection system for sales through online marketplaces such as ...