• Significant Changes to New York Estate and Income Tax Enacted
  • April 30, 2014
  • Law Firm: Patterson Belknap Webb Tyler LLP - New York Office
  • We previously alerted you to proposed legislation affecting New York estate tax law, the tax treatment of gifts by New York residents, and New York income taxation of certain trusts. This month Governor Cuomo signed final legislation into law, which included some changes from the initial proposal. Some of the important provisions of the final legislation are highlighted below.