An upstate New York congressman is asking the U.S. Treasury Department to review a state-level proposal unveiled by Gov. Andrew Cuomo that is in response to the federal tax law adopted in December.
U.S. Rep. John Faso sent a letter to the Treasury Department’s Office of Tax Policy urging the agency to examine Cuomo’s proposal to create charitable funds for state education and health care programs. The state would encourage contributions to the funds by establishing a tax credit for donors.
Local governments would be permitted to establish similar funds to collect contributions for education and health care services.