The state of new York is going to change the tax code

The state of new York is going to change the tax code

The Governor of the state of new York Andrew Cuomo said today, December 28, that the staff is considering restructuring its tax code in response to Federal tax reform.

About it reports Reuters.

The state of new York is going to change the tax code

Recall that the Republicans in Congress recently passed a bill that provides the biggest tax changes over three decades. Last Friday, President Donald trump signed this bill into law.

Among the main changes in the new code there are restrictions on the deduction of local taxes. Critics of this provision argue that in worst situation are mostly «blue States» like new York, where there are very high taxes.

«We are going to offer a restructuring of our tax code. I’m not even sure that what took the Republicans – legally according to the Constitution, and now we all study,» said Andrew Cuomo in an interview with CNN.
«You can change the tax code. But it is impossible to punish his staff because of his political affiliation.»

The Governor of new York also added that in U.S. history there was no precedent double of the tax code, and suggested that, of course, litigation can be very complex.

Earlier this week, Cuomo signed a decree that allows residents of the state to pay part of property taxes in 2018 before it even started, before the entry into force of the reform of the trump.

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