Gov. Cuomo Touts Federal Tax Law Workarounds

New York Gov. Andrew Cuomo at the bill signing ceremony in Elmsford on Tuesday.

ELMSFORD, NY—Gov. Andrew Cuomo traveled to Westchester County on Tuesday to sign legislation geared to circumventing the tax increases imposed on New York State taxpayers from the federal tax reform bill passed earlier this year.

The governor ceremoniously signed the legislation included in the recently passed state budget on “Tax Day” at an event held at the International Brotherhood of Teamsters Local 456 headquarters in Elmsford. The legislation provides new options for tax deductible charitable donations, creates a new Employer Compensation Expense Program so employers can help their employees maximize deductibility, and decouples the state tax code from the federal tax code, where necessary, to avoid more than $1.5 billion in estimated state tax increases brought solely by increases in federal taxes, state officials say.