Trump again received tax credit for those making under $500K: report

Trump again received tax credit for those making under $500K: report
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Records filed with the New York City finance department over the weekend indicate that Donald TrumpDonald TrumpIran convicts American businessman on spying charge: report DC, state capitals see few issues, heavy security amid protest worries Pardon-seekers have paid Trump allies tens of thousands to lobby president: NYT MORE once again received a property tax credit for those making $500,000 year or less, Crain's New York Business reported Monday.

Trump's city property tax bill, published June 3, states that the presumptive Republican presidential nominee received a $304 credit for his Trump Tower penthouse under the New York State School Tax Relief Program, also known as the STAR program. Married couples are eligible for a STAR tax credit if they make $500,000 or less in a year.


Crain's previously reported that Trump has received the STAR credit for several years. At the time, Trump's campaign manager told the news outlet that the city made an error and a mayor's office spokeswoman agreed there was a mistake.

The city finance department told Crain's that it checks with state tax authorities to ensure that those receiving STAR credits meet the income requirements.

Trump reported in a financial disclosure form last month that he has a net worth of more than $10 billion. Some have raised doubts about Trump's wealth, particularly because he has refused to release his tax returns.