New Trump Tax Return Bill Introduced in New York

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

By Gerald B. Silverman

Democratic lawmakers in New York are renewing their effort to force presidential candidates to release their tax returns, introducing a second bill ( A. 7462) that would go beyond one aimed explicitly at President Donald Trump.

A. 7462 was introduced in both houses of the Legislature April 26, and would expand the tax return disclosure requirement to include candidates for president, vice president, U.S. Senate and statewide elective office. The earlier bill aimed at Trump ( S. 26) failed to make it out of committee May 1.

The new bill would require the state tax commissioner to post the state tax returns of candidates for the current and preceding five years with certain personal identifying information redacted. It would also amend the state tax law’s prohibition against releasing information from personal income tax returns.

“We’re here once again to continue to lead New York’s resistance,” Senate Democratic Leader Andrea Stewart-Cousins (D) told reporters at a May 2 news conference.

The measure comes at a time when at least 23 states are considering legislation to compel the disclosure of tax documents from presidential candidates. New Jersey Gov. Chris Christie (R) vetoed New Jersey’s bill on the matter May 1. New Jersey is the only state to date where a bill has passed both chambers.

‘P.R. Stunt’

The New York bill’s future in the Republican-controlled Senate, however, is uncertain.

“We are always happy to have a serious discussion about what constitutes sound public policy for the state of New York, but this sounds like a P.R. stunt,” Scott Reif, a spokesman for Senate Majority Leader John Flanagan (R), told Bloomberg BNA in an e-mail.

The earlier bill, S. 26, was rejected by the House Elections Committee on May 1 and had been pending since January. The Tax Returns Uniformly Made Public Act (TRUMP) would have required that presidential and vice presidential candidates file copies of their federal tax returns with the state Board of Elections in order to qualify for the state ballot.

To contact the reporter on this story: Gerald B. Silverman in Albany, N.Y. at GSilverman@bna.com

To contact the editor responsible for this story: Ryan C. Tuck at rtuck@bna.com

For More Information

Text of the bill is at http://src.bna.com/oq7.

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