NY Plan to Split from Trump Tax Breaks Would Save $1.4 Billion

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NY Plan to Split from Trump Tax Breaks Would Save $1.4 Billion

January 21, 2026

United States
United States
United States
Bloomberg Tax

Partner Jeremy Gove is quoted in Bloomberg Tax discussing New York’s proposal to break from recently enacted federal business tax breaks. Jeremy notes that state legislatures nationwide are likely to follow similar paths in decoupling from costly federal provisions, stating that “states are very concerned on the potential impacts it would pose to state revenue,” and that this could become a broader trend.

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