Sentences with phrase «offset changes to the federal tax code»
The leader of the state Senate on Thursday threw cold water on Gov. Cuomo's proposal to impose a new payroll tax to offset changes to the federal tax code that places limits on state and local deductions.
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The Federal and State of California tax codes provide for restrictive limitations on the annual utilization of net operating losses to offset taxable income when the stock ownership of a company significantly changes, as defined.
SPECTRUM NEWS VIDEO: State Sen. Mike Gianaris said following changes to the federal tax code, lawmakers need to find a way to rework the state tax code to benefit middle - class taxpayers and offset any negative impact of the new US tax law.