Cuomo signs bill allowing state to release Trump's tax returns

Cuomo signs bill allowing state to release Trump's tax returns

Mr Trump, bucking decades of recent tradition for presidential candidates and presidents, has refused to release his tax returns. It circumvents Trump's refusal to hand over his federal tax returns to Congress and would provide information that is similar to that on federal forms.

Such request must be accompanied by certification that the tax returns or reports have been requested for a specified and legitimate legislative goal, the requesting committee has made a written request to the U.S Secretary of the Treasury for related federal returns or return information and that the returns will be treated by the requesting committee in a manner consistent with federal law authorizing the same committees to request and receive federal income tax returns from the U.S. Treasury, according to Cuomo's office. Brad Hoylman, another sponsor of the legislation.

Cuomo signed into law S.5072-A/A.7194A and S.6146/A.7750, which amend the law enforcement exception in New York State tax code to include Congressional tax-related committees.

"This is purely political", state Republican Party Chairman Nick Langworthy told reporters Monday. "It will never stand up in the courts and they will once again be exposed for wasting precious taxpayer resources on their never-ending partisan witch hunt".

Democrats are eager to get ahold of the returns, which could reveal details about his business dealings, his debts and global financial ties.

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It's unclear when or even whether state tax officials can expect a request for the tax returns.

The new law went into effect immediately. It's about assisting Congress in its oversight abilities.

Progressives immediately turned their attention to House Ways and Means Committee chairman Richard Neal (D-Mass.), who now has the authority to ask NY for Trump's state tax documents. Neal filed a lawsuit last week against the administration, asking a federal court to intervene and compel the delivery of six years of his tax returns. "For the moment, we're still proceeding on our own path".

"We will respond to this as appropriate", he said in a statement. "Any further delay is an injustice to the American people who deserve transparency about Trump's foreign entanglements and massive conflicts of interest". The law, known as the TRUST Act, authorizes state officials to share tax return information of elected officials upon request from Congressional Committees.

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