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Putnam County Executive MaryEllen Odell is asking the County legislature consider whether charitable trusts should be formed to help residents affected by federal tax law changes reducing State and Local property Tax deduction caps to 10-thousand dollars.  New York's governor signed legislation offering the alternative since charitable contributions can still be written off.  Putnam’s Commissioner of Finance notes that counties throughout New York are waiting for IRS guidance on the issue.  Committee Chairman Neal Sullivan, who is a certified public accountant, is not optimistic about the legislation.  He says it seems like a scam put through by the State to try to help people avoid paying Federal taxes.  The discussion on charitable trusts will be on the agenda for the Rules Committee meeting on May 17th in the Putnam County Office Building in Carmel.

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