The New York State Legislature has approved a new law that would strengthen the New York False Claims Act (“NYFCA”) to penalize wealthy taxpayers and corporations that purposefully fail to file tax returns.  The companion bills that passed the Senate (S. 4730) and Assembly (A. 2543) would close a loophole in which individuals and corporations who simply fail to file a tax return – as opposed to filing a false tax return – are out of reach from enforcement under the law.  The proposed change to the NYFCA empowers individuals to blow the whistle on these tax evaders, and will result in the recovery of tax revenue by the State.  The bill is expected to be signed by New York’s Governor.

Read more about the new law here.

New York has one of the nation’s most robust state whistleblower laws, in large part due to G&G’s leading efforts.  Click here to learn more about G&G’s work to strengthen and enforce New York’s whistleblower law.