Trump tax returns

N.Y. Gov. Cuomo signs bill allowing release of Trump's state tax returns

New York Gov. Andrew Cuomo and DOnald Trump
New York Gov. Andrew Cuomo and President Trump. Photos: John Paraskevas/Newsday/Tasos Katopodis/Getty Images

New York Gov. Andrew Cuomo signed a bill on Monday allowing the release of President Trump's state tax returns, setting off what is expected to be a heated battle between Trump's legal team and the state.

The big picture: House Democrats have sued the Treasury Department to force the IRS to release Trump's federal tax returns.

Go deeper: Justice Department backs Treasury on blocking Trump tax returns

House Democrats sue Treasury Department for Trump's tax returns

Mnuchin
Treasury Secretary Steven Mnuchin. Photo: Mark Wilson/Getty Images

House Ways and Means Chairman Richard Neal is filing a lawsuit against the U.S. Treasury Department in an effort to compel the IRS to turn over President Trump's tax returns.

Why it matters: Treasury Secretary Steven Mnuchin has denied multiple requests for Trump's tax returns, including a subpoena from the House Ways and Means Committee in May — arguing that the demands "lack a legitimate legislative purpose." The result of Mnuchin's defiance is likely to be a protracted court battle.