US EditionSubsidy Sheet: NYS Comptroller: Decouple from bad federal tax laws - Reinvent Albany
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Subsidy Sheet: NYS Comptroller: Decouple from bad federal tax laws - Reinvent Albany
Opportunity Zones: NYS Comptroller DiNapoli subtly warned state government that if it does not “decouple” from parts of federal tax law – which include Trump’s Opportunity Zone program – the state’s tax receipts will suffer. Citizens Budget Commission estimates that starting in 2029, OZ subsidies could reduce New York annual tax revenues by $424 million ($284 million for the state, $140 million for NYC).In related news, we wonder if New York is …
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