Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.
Long Island Business News
By Claude Solnik
“There is a question as to whether anything enacted by New York will pass federal scrutiny,” Graney added. “New York can pass a law saying you can do this. The IRS can say, ‘It’s nice if you did this, but you’re not getting the deduction.'”