Important News on NYS Gift Tax from O’Connor Davies

James Maisano, Esq. - Your New Rochelle Attorney

I received an email last night from O’Connor Davies (http://www.odpkf.com), which provides an important update about possible changes to New York State law for the estate tax.  The changes would add a gift tax and may be approved in this year’s NYS Budget (it could pass by April 1). Therefore, if you were thinking about making a gift this year, you may want to make it very soon. Please see the email below from O’Connor Davies.

James Maisano, Esq.
(914) 636-1621
Jim@JamesMaisanoEsq.com
www.JamesMaisanoEsq.com 

gift tax

New York State Proposed Budget Bill for Estate and Gift Tax Reform

Stuart Stengel
Partner
sstengel@odpkf.com
914.381.8900

Time may be running out to take advantage of the lack of a gift tax in the State of New York. Governor Cuomo has proposed a change in New York State’s estate tax law in an attempt to bring New York’s estate taxes in line with Federal…

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About Jim Maisano

County Legislator for New Rochelle and Pelham and attorney for litigation, real estate, wills/probate. If you need my help with legal or legislative matters, call me at 914-636-1621 or email me at: CtyLegJimMaisano@gmail.com.
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