State of Tax: New York Budget Deal Close, SALT Cap Talks Stall

The week in state tax news: New York’s elected officials said they’ve reached a tentative budget agreement, though nothing’s been printed and voted on yet. Meanwhile, negotiations in Congress over raising the SALT deduction cap are stuck, and Washington state awaits the governor’s action on new taxes that would hit big tech companies.

NY Budget Deal Reached, Still Not Done

New York Gov. Kathy Hochul (D) announced April 28 she’d reached a budget deal with legislative leaders after a 28-day standoff.

The record $254 billion spending plan would raise payroll taxes on employers with more than $10 million in ...