N.Y. Legislator, Citing Trump, Seeks Tax Disclosure Law

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By John Herzfeld

Dec. 6 — The Tax Returns Uniformly Made Public (TRUMP) Act would require presidential and vice presidential candidates to disclose their income tax returns going back five years as a condition of appearing on the ballot in New York, if a state senator’s proposal gains traction.

State Sen. Brad Hoylman (D), who represents a New York City district where Donald Trump received less than 10 percent of the vote in the November presidential election, announced the legislative proposal Dec. 6. He argued that Trump’s refusal to disclose his tax returns was an aberration and shouldn’t be tolerated.

“For over four decades, tax returns have given voters an important window into the financial holdings and potential conflicts-of-interest of presidential candidates,” he said in a statement. “Voters deserve to know that personal priorities will never take precedence over the national interest.”

Hoylman said he hopes other states would join New York in imposing the requirement, which would also bar noncomplying candidates from receiving the state’s electoral votes.

Board Would Redact Disclosures

The bill would require the candidates to file the returns with the state Board of Elections 50 days before the election or face disqualification. The board would have 10 days to redact the returns.

It isn't clear how much mileage the proposal will sustain, as bills in the New York Legislature rarely, if ever, gain passage without the backing of the governor and legislative leaders. Hoylman’s party remains a minority in the state Senate after a Democratic drive fell short in its bid to overturn Republican control.

To contact the reporter on this story: John Herzfeld in New York at jherzfeld@bna.com

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

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