New York may enact a law requiring it to release state tax returns to Congress. However, New York tax returns could be released only to certain committees. In addition, the congressional request must have a legitimate, specific purpose.
Requests must be written. Also, redaction would be required.
Cooperation Required With Only 3 Congressional Committees
If enacted, the bill would direct the Commissioner of Taxation and Finance to share New York tax returns and reports requested by:
- the Chairperson of the U.S. House Ways and Means Committee;
- the U.S. Senate Finance Committee; or
- the Joint Committee on Taxation.
Other Requirements for Release of Returns to Congress
Several other requirements would also have to be met before the commissioner would cooperate with a request.
For example, the request would have to be accompanied by certification that the tax returns or reports were being requested for a specified and legitimate legislative purpose.
S.B. 5072, as passed by the New York Senate on May 8, 2019