New York Governor Andrew Cuomo introduced the Executive Budget for the 2014-2015 fiscal year, proposing tax reforms including changes to the estate tax and closing the resident trust loophole. The estate tax reform aims to lower the top estate tax rate and increase the exclusion amount, while the trust reform targets accumulation distributions to New York beneficiaries.
doj/DataSet10/EFTA01452349.pdf
{"key_people":["Andrew Cuomo"],"document_date":"2014-01-21","document_type":"correspondence","key_locations":["New York"],"key_organizations":["New York State Government"]}