New York Poised to End Tax Cheat Loophole, Grant Tribunal Appeal

New York would close a tax-cheat loophole in a whistleblower law and allow the state tax agency to challenge independent tax tribunal decisions in court, as part of a multifaceted budget deal Gov. Kathy Hochul (D) has struck with legislative leaders.

Political leaders agreed on the measures late last week as part of the $229 billion budget after nearly a month of stalemate. The package won’t be finalized until lawmakers approve it in coming days.

Among the policy changes is an amendment to the state False Claims Act to catch corporations or wealthy individuals that ...