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Trump Could Be Forced to Reveal Tax Returns Under Targeted New Council Bill

By Maya Rajamani | April 12, 2017 4:22pm
 Former Mayor Michael Bloomberg, along with now-President Donald Trump, announced the completion of the Trump Golf Links at Ferry Point in October 2013.
Former Mayor Michael Bloomberg, along with now-President Donald Trump, announced the completion of the Trump Golf Links at Ferry Point in October 2013.
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Flickr/nycmayorsoffice

CHELSEA — A local councilman hopes a bill aimed at Donald Trump’s Bronx golf course will force the president to turn over his tax returns.

Councilman Corey Johnson, whose district includes Chelsea, Hell’s Kitchen and the West Village, plans to propose legislation that would require the company behind Trump Golf Links at Ferry Point to disclose the commander-in-chief's tax returns, a spokesman for Johnson confirmed Wednesday.

The legislation would technically apply to “non-public benefit organizations” with city concessions contracts that don’t profit the city itself, but Trump Ferry Point LLC is the only vendor it would affect, the Daily News reported.

The city used $127 million in taxpayer money to build the golf course, but the Trump Organization operates it through a contract with the city and won’t be required to pay fees until 2019.

Under the yet-to-be-proposed legislation, any Trump Ferry Point LLC officers who share the corporation's name would have to disclose their personal income taxes, Johnson's spokesman said.

As Trump is an officer of the corporation and shares its name, the rule would apply to him, he added.

There are other organizations with city concessions contracts that didn't produce revenue in the 2017 fiscal year — including Friends of the High Line and the Times Square Alliance — but Trump Ferry Point LLC is the only one with someone's name in its title, a memo explaining the bill notes.

“Donald J. Trump has made millions of dollars off city contracts, yet his finances are a complete mystery,” Johnson said in a statement. “We need to pull back the curtain on Donald Trump’s tax secrets.

“When you’re profiting from a city contract that doesn’t return a dollar back to the city and your name is branded all over the property, transparency is vital,” he added.

Johnson expects to introduce the legislation next month, the Daily News reported.

The Trump Organization didn’t immediately respond to a request for comment Wednesday.