The 2017-18 legislative session recessed on June 20, 2018. It is instructive to review what passed before the recess, what failed to pass and what lies ahead when the 2019-2020 session begins in January 2019. Interestingly enough, a couple of noteworthy changes will occur because previously built-in sunset dates to existing statutes will take effect. Several other changes were enacted as part of the 2018-19 Executive Budget (the budget), signed by Governor Andrew Cuomo on April 12, 2018, including provisions intended to mitigate the impact of the Dec. 22, 2017 Federal Tax Cuts and Jobs Act (the Federal Tax Act).

Among the most significant developments for the session are the following:

Three-Year Gift Add-Back Slated to Expire