New York State among Four States to Sue Federal Government over State and Local Taxes

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Earlier today July 17, 2018 New York State was among four states to sue the federal government over State and Local Tax (SALT) deductions being capped at $10,000 as part of recent federal tax law changes.  Joining New York in the suit, which was filed in the Southern District of New York, were the states of Connecticut, Maryland and New Jersey.  The lawsuit names the United States; the U.S. Department of the Treasury and its secretary, Steven Mnuchin; and the Internal Revenue Service and its acting commissioner, David Kautter. The MuniBlog will provide updates on this matter as they occur.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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