Published: Wed, July 10, 2019
Global Media | By Garry Long

Cuomo Signs Bill Allowing New York to Release Trump’s State Tax Returns

Cuomo Signs Bill Allowing New York to Release Trump’s State Tax Returns

President Donald Trump's NY state tax returns could be given to Congress under a new law in his home state that the Democratic governor signed Monday.

The law requires the state's tax commissioner to provide ny state tax returns to Congress upon request from the House Ways and Means Committee, the Senate Finance Committee, or the Joint Committee on Taxation and mandates the removal of any federal tax information that might appear on state returns.

Still, House Ways and Means Chairman Richard Neal (D-Mass.), is not inclined to use it, as he believes the bill may hurt the Democrats' chances of obtaining Trump's federal returns-returns that Neal recently sued the IRS and Treasury Department for access to.

Cuomo in a statement after signing the bill into law said, "Tax secrecy is paramount-the exception being for bonafide investigative and law enforcement purposes".

Neal has said he prefers to focus on obtaining Trump's federal tax returns, even though the president's state tax documents, according to the New York Times, "would likely contain much of the same information as the contested federal returns".

If utilized, the new law is expected to face legal challenges.

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Neal's reluctance to use the NY law is likely to set up a clash with progressives who have criticized the Massachusetts Democrat for not moving more quickly to obtain the tax returns.

Existing laws generally prohibit the release of tax returns.

He also said that lawmakers don't have jurisdiction over NY. Neal filed a lawsuit last week against the administration, asking a federal court to intervene and compel the delivery of six years of his tax returns.

That means Nadler and others investigating Trump, like Oversight Committee Chairman Elijah Cummings of Maryland and Intelligence Committee Chairman Adam Schiff of California, would have to rely on Neal - and technically Senate Finance Chairman Chuck Grassley, an Iowa Republican, who is opposed to investigating the president's taxes. The committee then explained that members could disclose why it wants the information in this case, arguing that it needed to see if Trump was complying with tax law. "Any further delay is an injustice to the American people who deserve transparency about Trump's foreign entanglements and massive conflicts of interest".

Trump has long filed taxes in NY as a resident of the state.

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