Issues: Taxes

Seward Introduces Bill To End GEA

ONEONTA, 01/30/15 – State Senator James L. Seward (R/C/I- Oneonta) today announced that he has introduced legislation (S.2643) to eliminate the Gap Elimination Adjustment (GEA) which has cost New York school districts millions of dollars.

“I voted against the GEA when it passed in 2009 and have been working to erase this curse on our local schools ever since,” said Senator Seward.  “This hurtful policy was simply a cash-grab by the state that left schools reeling and trying to recover ever since.  It needs to end now.”

January 30, 2015

Senator Gallivan Introduces Legislation to Repeal the Gap Elimination Adjustment, or GEA

Senator Patrick M. Gallivan (R-C-I, Elma) has introduced legislation that would abolish the Gap Elimination Adjustment imposed on public schools in New York in 2010.  The bill (S.2743) would eliminate the GEA starting in 2015-16 and provide school districts the full amount of education aid based on existing budget funding formulas. 

January 29, 2015

Senator Bonacic Announces Senate Passage of Education Investment Tax Credit

Today, New York State Senator John J. Bonacic announced that the Education Investment Tax Credit (S.1976) passed the New York State Senate.  This legislation would provide incentives in the form of tax credit for donations to public education entitites, school improvement organizations, local education funds, and educational scholarship organizations.  

January 28, 2015

Senator Gallivan Respondes to State of the State Address & Budget Presentation

Senator Patrick M. Gallivan (R-C-I, Elma) was in Albany for today’s State of the State Address and budget presentation by Gov. Andrew Cuomo.  This was the fifth State of the State message Senator Gallivan has received since taking office.

January 22, 2015

Senate Passes Education Investment Tax Credit to Give Parents More Options In Their Child's Education

The New York State Senate today passed legislation that helps give parents more choice in the education of their child.

January 21, 2015

Independent Democratic Conference Launches 2015 Policy Agenda


IDC Unveils 15 Innovative Investments that will Create Long Term Stability, Security and Sustainability for all New Yorkers

Proposals Invest in New York Workers, Students, Seniors and Families and Support a Significant Expansion in New York State Schools, Housing, and Communities

January 20, 2015


This morning, Governor Cuomo announced a proposal to cut the tax rate for small business who file under the corporate franchise tax, and the creation of NY Business Express to help navigate the onerous red tape that stifles economic growth.

While I am encouraged by this first step, if we truly want to make New York State more competitive, we need to do more to ease the tax burden on all small businesses, including those who file under the PIT. And, in order to improve the business climate, tax relief needs to go hand-in-hand with a reduction and overhaul of the more than 750,000 over-reaching regulations and fees that discourage the growth and success of the private sector.

January 18, 2015

Senator David Carlucci's statement on Governor Cuomo's proposed $1.7B property-tax credit

Senator David Carlucci (D-Rockland/Westchester) said, "With some of the highest property taxes in the country, residents of Rockland and Westchester County are in dire need of support. I commend Governor Cuomo for bringing this important issue to the forefront of the 2015 Legislative Session, and I look forward to hearing more details about his property tax break proposal. A comprehensive plan, that will provide hard working residents of the Hudson Valley with relief from skyrocketing property taxes, deserves immediate consideration, and I will be working with my colleagues to provide real relief for taxpayers ." 

January 14, 2015

New Laws to Help Veterans, Protect Kids & Create Jobs Taking Effect 01/01/2015

Measures to help veterans find employment and housing are among the highlights of new state laws that will take effect on January 1, 2015.  Other laws that take effect on New Year’s Day will: reduce the tax burden on businesses; provide tax credits to employers that hire people with developmental disabilities; allow banks to freeze credit records of minors to prevent identity theft; protect people in adult care facilities; encourage music and theatrical productions in upstate New York; and expand opportunities to finance end-of-life care.  

December 19, 2014

Chanukah is the celebration of Miracles!

"Chanukah is the celebration of miracles, a reminder that all things are possible," Senator Parker said.  "As you celebrate the spirit of Chanukah with friends and family, I wish you health, happiness and good fortune." The holiday celebrates a legendary victory of the Maccabees, a band of Jews, over a Greek army that occupied the Holy Land.  After the battle, the victorious Maccabees found only a one day supply of oil in the temple to light the lamps.  But the oil burned miraculously for eight days, the story says.

December 17, 2014

Senator Mike Nozzolio Calls for a Halt to a Multi-billion Unfunded Federal Mandate Following President Obama’s Immigration Order

New York State Senator Mike Nozzolio, today urged federal officials in Congress to block any attempts by President Obama’s Administration to initiate changes in immigration policies that could cost New York State’s taxpayers over $2 billion annually.   “Establishing this change in immigration policy ordered by President Obama could result in a massive unfunded federal mandate on New York taxpayers of unprecedented proportions,” Senator Nozzolio said in opposing this measure.    

December 5, 2014

Senator Ken LaValle Renews Call For Complete Repeal of MTA Tax

October 30, 2014 – Today, Senator Ken LaValle renewed his pledge to work for a complete repeal of the job-killing MTA tax.  His call comes a day after media reports quoted the Governor saying he opposes the tax, but would not commit to have it repealed in its entirety.

October 30, 2014

Senator Griffo's Weekly Column #35: Help For Existing Businesses, Not Just New Ones

New York has the dubious distinction of ranking dead last among the 50 states in a survey of business tax climates. The governor’s initiative, START-UP NY, represented an out-of-the-box approach to lure jobs here.

However, we simply cannot earmark all of our tax breaks, credits and incentives for new businesses. The strength of an economy comes from existing business, and reducing their competitiveness to new companies can result in too many good jobs being lost.

October 9, 2014

Senator Bonacic Announces New Tax Relief Measures

With so many hardworking families having a challenging time making ends meet, I have consistently made family tax relief one of my top priorities. 

That is why I am pleased to inform you about some of the new tax relief measures I’ve championed that will soon be helping local families throughout our region. $350 Family Tax Relief Checks In the coming weeks, thousands of local families with children will begin receiving a $350 check in the mail. These family tax relief checks, which are designed to help families cope with the rising cost of raising a child, will provide more than $400 million in direct tax relief to hard working New York families.

October 6, 2014

Senator Valesky Warns Public About Rebate Tax Scammers

SYRACUSE—State Senator David J. Valesky today warned the public about reports of scammers attempting to illegally obtain personal information under the guise of confirming their eligibility for a state tax rebate.

“We are aware that scammers are targeting Central New York,” Senator Valesky said. “I urge everyone to be vigilant, to make sure their family and friends are aware of the scam, and to report any incidents to the Attorney General.”

October 1, 2014

NYS Banking Settlement Windfall Belongs to Taxpayers

It’s not a bad problem to have.  What to do with more than $3 billion?  That’s the question facing the State of New York after a settlement with BNP Paribas, a French bank charged with violating U.S. money laundering laws. Similar settlements with other banks could drive the total windfall to about $4 billion.  As you can imagine, there is no shortage of ideas for what to do with this money.  I believe the answer is simple; return the money to the people of New York by relieving the tax burden on residents and lowering the cost of government.

September 30, 2014
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