Thank you for sharing!

Your article was successfully shared with the contacts you provided.
From left, Suffolk County Executive Steve Bellone and Westchester County Executive George Latimer From left, Suffolk County Executive Steve Bellone and Westchester County Executive George Latimer

WHITE PLAINS—Westchester County Executive George Latimer and Suffolk County Steve Bellone staged a press conference today outside of the local Internal Revenue Service office here to announce a partnership to fight a new IRS regulation that would result in significant tax increases for many taxpayers in their respective counties.

Earlier this year, in response to the federal tax reform law signed into law in January that caps SALT (state and local tax) deductions to $10,000, Gov. Andrew Cuomo signed legislation in April that authorized New York municipalities to establish charitable funds to which homeowners may contribute, and later receive, both income and property tax credits. The federal tax workaround was an attempt to mitigate the SALT deductions cap on state taxpayers and particularly on those who reside in affluent New York suburban counties like Westchester and Suffolk counties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.