Executive Budget Proposed
Governor Cuomo’s proposed budget legislation for fiscal 2017-18 was released on January 18, 2017. In his briefing that evening, the governor remarked that one of the “main aspects of this budget is tax policy.” That’s certainly one way to captivate the attention of tax practitioners!
The chart below summarizes the tax provisions in the Executive Budget, based on the memorandum in support. Of course, it’s now up to the Legislature to act. We’ll be back with an update on the final tax provisions once the budget legislation is enacted.
