New York Challenges Federal Government’s Tax Reform Bill as Unconstitutional Double Taxation
In his recent speech before the state legislature, New York Governor Andrew M. Cuomo stated that the reduction in the state and local tax deduction reflected in the new tax reform bill is unconstitutional double taxation. The governor further indicated that New York would challenge the provision. Cuomo also said that the state will undergo its own tax revision process, shifting away from its reliance on income taxes.
Read more: In State of State speech, Cuomo vows to sue federal government over tax bill