New York will need to “look very carefully and very quickly at decoupling from federal tax changes” after Congress acts on 2017 federal tax law provisions that are set to expire in 2025, Amanda Hiller, the state’s acting tax commissioner, said Tuesday.
New York is one of 24 states that conforms to the Internal Revenue Code on a rolling basis, meaning any changes to it automatically flow down to the state. But after federal lawmakers rewrote the code in 2017, New York “decoupled and then began to recouple as appropriate” through state legislation, Hiller said during a panel discussion hosted ...
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