The law, which passed the state legislature in May, mandates that ny tax officials release the president's state tax returns to the House Ways and Means Committee, the Senate Finance Committee, or the Joint Committee on Taxation on request, as long the returns are sought for a "specified and legitimate legislative goal".
Trump's tax returns have been the object of scrutiny by Democrats in Congress since he took office.
But with the ongoing battle for Trump's federal tax returns, Neal has previously suggested that he wouldn't use New York's new law to obtain the state tax documents in the event that it hurts his own efforts with Treasury, according to Bloomberg.
The New York law does require a similar legitimate legislative goal - though Democratic officials in the state are likely to be more amenable to Mr. Neal's reasoning.
He also said that lawmakers don't have jurisdiction over NY. The law, known as the TRUST Act, authorizes state officials to share tax return information of elected officials upon request from Congressional Committees.
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Trump has declined to make public his tax returns, in contrast to a number of former presidents.
But now, NY has given Congress a new route to #ReleaseTheReturns and get answers for the American people-all they have to do is ask.
For too long, the Trump administration has tried to hide Trump's conflicts of interest by illegally blocking the release of his tax returns. Under federal law, the confidential information in the returns is supposed to be for the committee's eyes only.
House Judiciary Committee Chairman Rep. Jerrold Nadler (D-N.Y.) has made reference to the bill in the past, calling it a "workaround to a White House that continues to obstruct and stonewall the legitimate oversight work of Congress".
Treasury Secretary Steven Mnuchin (L) speaks with Chairman of the House Ways and Means Committee, Richard Neal, prior to testifying on Capitol Hill in Washington on March 14, 2019.
On the federal level, the Democrat-led House Ways and Means Committee filed a lawsuit last week to enforce subpoenas that would obtain Trump's tax returns.