April 01, 2014
Effective date for proposed changes to NY Estate Tax and inclusion of 'adjusted taxable gifts'.
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This document is page 3 of a 'Tax Topics' newsletter dated January 29, 2014. It discusses proposed changes to New York State tax laws introduced by Governor Andrew Cuomo, specifically focusing on modernizing the Estate Tax and closing the resident trust 'loophole.' While part of a House Oversight production (likely related to an investigation into Epstein's finances), the text itself is a generic legal analysis of tax legislation affecting wealthy New Yorkers.
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