Governor Cuomo Releases 2017-18 New York State Executive Budget -

New York State Governor Andrew M. Cuomo released his 2017-2018 Executive Budget, containing an assortment of potentially important tax proposals, including the following:

1. Extends top personal income tax rates. Extends the top tax bracket under the personal income tax (the so-called “Millionaires Tax”), which is imposed at a rate of 8.82%, for an additional three years through 2020. The top tax bracket was originally set to expire after 2017. (Part R)...