On December 22, 2017 the Governor issued an emergency order to help protect property owners in New York from the impact of the tax bill.
With the House passing the modified version of the Tax Bill on Tuesday afternoon, it’s looking like American families will be finding tax reform under their trees along with its usual gifts and sweets which are synonymous with the season.
Cybersecurity is a concern for the government, businesses, and private citizens alike. As Cybersecurity becomes a growing concern, states have rushed to implement legislation dealing with a broad range of cybersecurity issues. In 2017 alone 42 states have introduced over 240 bills or resolutions targeting cybersecurity, and 27 states have enacted legislation. This new legislation has focused on improving government security practices, funding cybersecurity programs and initiatives, targeting computer crimes, and restricting public disclosure of sensitive security information.
It doesn’t take a legal expert to understand that a divorce typically results in the separation of two parties who previously acted as a financial, spiritual and social unit. Because parties tend to be highly dependent on one another prior to a divorce, New York law has recognized that the lesser earning spouse is typically entitled to maintenance payments (commonly referred to as alimony) for a certain duration of time. As the law currently stands, because money was transferred out of one spouse’s income and into the other’s income, the tax law is currently structured to recognize this transfer and has allowed for a tax deduction by the spouse paying maintenance.