New York State Appeals Decision Upholding Cap on State and Local Tax Exemption
"The Trump Administration's SALT policy is retribution politics—plain and simple," Cuomo said.
November 26, 2019 at 12:57 PM
5 minute read
New York state officials are seeking to appeal a September federal court decision that upheld the U.S. government's new cap on how much taxpayers can deduct in state and local taxes, which was enacted as part of the country's major tax overhaul nearly two years ago.
The new filing comes almost two months after a federal judge, in September, upheld that part of the law, saying it was within the authority of Congress to establish the cap.
Gov. Andrew Cuomo, a fervent opponent of the SALT cap, said Tuesday that attorneys for New York are still of the position that the law was influenced by politics, rather than a choice in policy from Republican lawmakers in Congress.
"The Trump Administration's SALT policy is retribution politics—plain and simple," Cuomo said. "New York is already the nation's leader in sending more tax dollars to Washington than we get back every year, and we will not allow this administration to pick the pockets of hard-working New Yorkers to fund tax cuts for corporations and send even more money to red states."
The SALT cap, approved by Congress as part of the Tax Cuts and Jobs Act of 2017, capped the amount taxpayers can deduct in state and local taxes, or SALT, at $10,000. Federal law did not previously place a limit on those deductions.
The cap was expected to particularly affect high-tax areas of New York state, such as Westchester County and Long Island, where state and local tax bills regularly exceed $10,000 due to property taxes.
Cuomo also warned last year that the cap could result in lost tax revenue for the state. Individuals with high-value homes could choose to relocate, or establish a permanent residence in a nearby state with lower taxes, he said, essentially removing part of the state's tax base.
The notice of appeal was brought Tuesday by the New York Attorney General's Office, which led the lawsuit against the SALT cap last year, along with attorneys general from Connecticut, Maryland and New Jersey.
They've argued the law will force states to reevaluate their own tax structure and budgeting policies to accommodate the new cap. With lost revenue, and a heavier burden on some residents, states will have to adjust their own finances as a result, they've argued.
New York Attorney General Letitia James said the law has already had an impact in New York.
"New York will not be bullied into paying more in taxes or changing its vital public investments because of Congress and the president's partisan choices," James said.
In his decision upholding the law in September, U.S. District Judge J. Paul Oetken of the Southern District of New York agreed that states may have to adjust their own fiscal practices to accommodate the new federal law—but he said that was perfectly legal.
"The SALT cap simply requires the States to either exercise their sovereign powers—howsoever they wish—to avert or assuage the cap's effects or else suffer the uncertain budgetary effects of doing nothing," Oetken wrote.
"If being put to such an open-ended choice is coercion, it will be the rare piece of federal legislation that comports with the Tenth Amendment," he continued.
James is seeking to have the U.S. Court of Appeals for the Second Circuit interpret the law's constitutionality differently. She views the SALT cap as an unconstitutional federal interference into the government authority of states.
The notice of appeal is the first step to having the litigation heard by the appellate court. That will be followed by filings and arguments, meaning a final decision will likely not come soon.
Officials in New York have, in the meantime, attempted to take action to ease the burden on taxpayers who may be affected by the SALT cap. There's now a permanent presumptive 2% limit on how much property taxes can be increased during any given year, for example.
New York also acted last year to create a workaround for individuals whose state and local taxes exceeded the cap. The state set up charitable funds for individuals to donate the amount of their tax bills, making them fully deductible, rather than paying the usual way.
That scheme was recently struck down by a regulation enacted by the Internal Revenue Service earlier this year. New York state has filed a lawsuit against the agency challenging that regulation, which is ongoing.
Representatives from the U.S. Treasury Department, which is the target of the lawsuit, did not immediately return a request for comment on the appeal Tuesday.
READ MORE:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrump's SEC Overhaul: What It Means for Big Law Capital Markets, Crypto Work
From ‘Deep Sadness’ to Little Concern, Gaetz’s Nomination Draws Sharp Reaction From Lawyers
7 minute readTrump Picks Personal Criminal Defense Lawyers for Solicitor General, Deputy Attorney General
Trending Stories
- 1Judicial Ethics Opinion 24-68
- 2Friday Newspaper
- 3Judge Denies Sean Combs Third Bail Bid, Citing Community Safety
- 4Republican FTC Commissioner: 'The Time for Rulemaking by the Biden-Harris FTC Is Over'
- 5NY Appellate Panel Cites Student's Disciplinary History While Sending Negligence Claim Against School District to Trial
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250