Gov. Andrew Cuomo. Photo: Shutterstock.
Gov. Andrew Cuomo on Monday announced that his 30-day budget amendments will include an “employer compensation expense tax," an optional payroll tax aimed at shielding New Yorkers who pay high property taxes from having to pay more under the newly enacted federal tax overhaul.
February 13, 2018 at 03:33 PM
1 minute read
ALBANY – The Cuomo administration is proposing an optional payroll tax to shield New Yorkers who pay high property taxes from having to pay more under the newly enacted federal tax law.
Gov. Andrew Cuomo on Monday announced that his 30-day budget amendments will include an “employer compensation expense tax.” Details on what the legislation would look like were scant as of Tuesday, but will be included in the governor’s 30-day budget amendments scheduled for release on Thursday.
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