The office of Manhattan District Attorney Cyrus Vance has subpoenaed 8 years of President Trump's "personal and corporate tax returns" as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election, the New York Times reports.

The big picture: A federal investigation into the payments resulted in Trump's former personal lawyer Michael Cohen pleading guilty to campaign finance violations, and it "effectively concluded" in July with no further charges. Vance's office opened a new investigation last month into whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law.

The office of Manhattan District Attorney Cyrus Vance has subpoenaed the Trump Organization for records related to hush money payments made to adult film actress Stormy Daniels by Michael Cohen during the 2016 presidential campaign, the New York Times reports.

Why it matters: The Southern District of New York said earlier this month that it had "effectively concluded" its federal investigation into the payments without charging anyone except for Cohen, who is currently serving out a 3-year sentence for campaign finance violations. State prosecutors are now investigating whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law, per the Times.