New York Gov. Kathy Hochul’s proposal to safeguard the deductibility of charitable donations against state taxation carries broad implications for businesses, including redefining how corporate philanthropy is planned.
New York Gov. Kathy Hochul’s (D) proposal to safeguard the deductibility of charitable donations against state taxation—even when tax-exempt status may be revoked at the federal level—is being pitched as a defensive measure to protect donors and inst… [5129 chars]
Source: Bloomberg Tax News | Published: 2026-02-03T09:30:05Z
Credit: Bloomberg Tax News
