State Sen. Felder has authored legislation he says will let New Yorkers get back money they could lose because of Congress’s tax bill. As reported on 11.24.17 in The New York Daily News:
ALBANY — A Brooklyn lawmaker is pushing to have the state compensate taxpayers for any losses they suffer if Congress does away with the federal deduction for local taxes.
State Sen. Simcha Felder, a Democrat who sits with the Senate Republican conference, introduced a bill this week to create a state tax credit that would be equal to whatever federal tax increase a resident suffers if the deduction for state and local taxes is eliminated.
“This bill will protect every hardworking New Yorker from the uncertainty and potential negative consequences of Washington’s tax overhaul,” Felder wrote in a memo submitted with the legislation.
Read the rest of the story here.
— Posted on 12.23.17 by JVS, backdated to 11.24.17
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