California, Other Blue States Finding Ways to Stop GOP Tax Law

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To allow taxpayers to donate to the California Excellence Fund. In return, they will receive a dollar-for-dollar tax credit on the full amount of their contribution.

In a statement, he said, “The Republican tax plan gives corporations and hedge-fund managers a trillion-dollar tax cut and expects California taxpayers to foot the bill. We won’t allow California residents to be the casualty of this disastrous tax scheme.”

Last month, Gov. Cuomo signed an emergency executive order to help New Yorkers avoid the impact of the cap on SALT deductions. He authorized local governments to issue tax warrants for the collection of 2018 property tax payments. Property owners will be able to deduct their tax payments from their federal taxes before the GOP tax law takes effect.