Issues: Taxes

Senator Ken LaValle Announces Estate Tax Relief For Long Islanders

April 10, 2014 – Estate taxes will be reduced under the new State Budget, according to Senator Ken LaValle.  The estate tax threshold will be increased in annual increments over the next 3 years to $5.25 million, equaling the current federal estate tax threshold.

April 10, 2014
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Senator DeFrancisco Details Tax Relief Measures in the 2014-15 State Budget on Your Voice

The 2014-2015 New York State Budget will help provide property tax relief to local homeowners and cut taxes for small businesses and manufacturers statewide. State Senator John A. DeFrancisco is pleased to report that the public helped shape several of these tax relief measures by sharing recommendations for broad-based tax cuts during a series of hearings that he co-chaired across the state last year. 

April 9, 2014
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Senator Griffo's Weekly Column #14:

My colleagues and I have just passed a $138 billion state budget. It’s our fourth consecutive year we’ve delivered a spending plan on time, a feat that hadn’t been accomplished in nearly four decades.

There’s a lot in this budget that will impact those of us living in Lewis, Oneida and St. Lawrence counties. Instead of trying to explain it all in this column, I’m going to devote the next several weeks to detailing how certain parts are going to affect us, for better or worse.

First, I’d like to explain my votes.

I was recently asked: “Why do you vote for a budget that has bad stuff in it?”

April 3, 2014
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Brindisi & Griffo: The Stanley Theater and Other Upstate Arts Centers Will Benefit From Tax Credit in the 2014-15 State Budget

THEATERS THAT HOST HIGH-TECH ‘PREVIEW’ PRODUCTIONS WILL GET 25 PERCENT CREDIT FOR PRODUCTION COSTS; THE STANLEY HAS SEEN SUCCESS ALREADY WITH TECH SHOWS

UTICA - State Senator Joseph Griffo and Assemblyman Anthony Brindisi have announced the new State Budget for 2014-15 will provide a significant boost for Utica’s Stanley Theatre, and other venues that host the high tech shows that are used as previews for upcoming Broadway shows.

April 1, 2014
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SENATOR VALESKY HAILS PASSAGE OF FOURTH CONSECUTIVE ON-TIME STATE BUDGET

ALBANY, NY—State Senator David J. Valesky (D-Oneida) today lauded the passage of the state’s fourth and historic consecutive on-time budget. This has not been accomplished with the same Governor and legislative leaders in more than 40 years.

April 1, 2014
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4th CONSECUTIVE ON-TIME BALANCED STATE BUDGET PASSED

March 31, 2014

For Immediate Release

Contact: Kara Cumoletti (518) 455-3570 

cumolett@nysenate.gov

 

4th CONSECUTIVE ON-TIME BALANCED STATE BUDGET PASSED

ALBANY—Senator Lee Zeldin (R,C,I—Shirley) today commented on the passage of the 4th consecutive on-time balanced budget, noting the inclusion of several key initiatives for which he championed.

March 31, 2014
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2014-15 State Budget Cuts Taxes to Create New Job Opportunities for All New Yorkers

The 2014-15 State Budget, approved today by the State Senate, includes significant tax relief to businesses to encourage them to grow and create new job opportunities for New Yorkers.  Senator John DeFrancisco (R-C-I, Syracuse), Chairman of the Senate Finance Committee,  said: “This is the fourth consecutive state budget that has reduced the tax burden on large and small businesses in an effort to encourage growth and job creation.  This budget includes more tax relief so small businesses and manufacturers can succeed, grow and create new economic opportunities.”

March 31, 2014
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2014-15 Budget Provides Almost $5 Billion in Property Tax Relief

New York’s hardworking families will see substantial property tax relief from the 2014-15 state budget, including a record amount of funding for the STAR program -- $3.4 billion -- and $1.5 billion in relief over the next three years from a new property tax freeze program.

March 31, 2014
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STATEMENT BY SENATOR FELDER DENOUNCING REVIVAL OF PROPOSED PLASTIC BAG TAX

“I was disheartened to learn that this absurd plastic bag tax legislation requiring consumers to pay 10 cents for paper and plastic bags at retail and grocery stores has once again reared its ugly head in the City Council.

March 25, 2014
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Your Voice with Senator Griffo

Senator Griffo discusses the Senate's budget resolution, and his priorities for tax relief, mandate relief, education, agriculture, health care and infrastructure. Hosted by Julia Lilkendey.

March 25, 2014
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Statement on Education Tax-Credit Scam Endorsed in Daily News Editorial

Sen. Krueger issued the following statement in reaction to a Daily News editorial that endorsed a tax credit scam that would siphon millions in taxpayer money to reimburse wealthy donors to well-funded private and charter schools:

"With respect to the Daily News editorial board, it looks like they've been hoodwinked by a tax-avoidance scam for wealthy donors to elite private schools. In fairness, they're hardly the first to be bamboozled.

"This private interest school tax-credit scam would literally refund donors more than they give to 'yet to be formed' educational charitable organizations -- basically paying the wealthy and corporations money back on their tax avoidance investments.

March 24, 2014
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Senator Griffo's Weekly Column #12: Working Toward Another On-Time Budget

I want to pass a fourth on-time budget by April 1. So my colleagues and I recently outlined our priorities to provide a starting point for negotiations.

Here’s what I’d like to see in this year’s budget:

TAX RELIEF

I agree there’s a need for property tax relief. That’s why I want to make the property tax cap permanent and strengthen the STAR program.

The Senate is proposing a $1.4 billion tax relief proposal for homeowners, plus reducing various taxes for businesses. Our plan also doesn’t include any new taxes or fees.

March 20, 2014
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Senate to Act on Bipartisan Budget Resolution That Cuts Taxes, Creates Jobs and Invests in Key Education Initiatives

New York State Senate Co-Leader Dean G. Skelos today announced the Senate will act on a bipartisan budget resolution that balances the budget without raising taxes or fees, increases school aid funding and provides significant business and property tax relief that will create new jobs, grow the economy and help middle-class families stay and thrive in New York.

March 13, 2014
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Senator DeFrancisco Updates You on Budget Talks on Your Voice in Albany

On this week’s program of Your Voice, State Senator John A. DeFrancisco provides an update on some significant issues being debated as budget talks intensify in Albany.  These budget items include tax reform, education reform, funding for charter schools, the Senate’s “Young Farmers NY” plan, and the “NY Dream Act.”

March 11, 2014
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Senator Young Joins Senate Colleagues in Unveiling Plan to Support Young Farmers

For Release: Immediate, March 7, 2014

“Young Farmers NY” Will Support the Next Generation of Family Farmers

[Click Here for Video]

ALBANY - Senator Young and her Senate colleagues unveiled the new “Young Farmers NY” program this week, which will help support and encourage the next generation of farmers.

“Agriculture is the backbone of our state’s economy, contributing more than $5.4 billion every year, and few work harder or face greater challenges than our dedicated farmers. We owe it to them and to the next generation of aspiring farmers and agricultural leaders to enact the Young Farmers NY program and support them in their enthusiastic desire to help strengthen the farms that power our state’s economy,” said Senator Young.

March 7, 2014
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Senator Klein, Joined by Fordham President McShane and Bronx Students, Introduces New Legislation to Make College More Affordable for Working Families

BRONX, NY -  Surrounded by Bronx college and university presidents and administrators, leaders of higher education organizations, legislators, parents and students, State Senate Co-Leader Jeff Klein (D-Bronx/Westchester) unveiled a legislative action plan at Fordham University that would make college more affordable for New York families.

March 7, 2014
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Senate Republicans Unveil Plan to Secure the Future of Family Farming

Senator Patty Ritchie, Chair of the Senate Agriculture Committee, and members of the Senate Republican Conference today unveiled their “Young Farmers NY” plan to address issues related to the advancing average age of New York farmers and to preserve the future of family farming.  The initiative will support and encourage a new generation of farmers and help strengthen the state’s leading industry for decades to come. “Young Farmers NY,” which was announced today at a Capitol news conference, is a series of proposals to smooth the transfer of farmland to the next generation, preserve existing farmland, and help young farmers overcome obstacles to give them a greater opportunity for a successful career in agriculture.

March 4, 2014
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Orange County's Manufacturer's Tax Credit: Is Orange County Upstate or Downstate?

Senator Bonacic questions Thomas Maddow about the manufacturer tax credit.

February 27, 2014
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FELDER CHAMPIONS LEGISLATION TO PROVIDE ASSISTANCE TO PUBLIC SCHOOLS AND TUITION-PAYING FAMILIES

Senator Simcha Felder (D-Brooklyn), Chair of the New York City Education Subcommittee, and Senator Martin Golden (R-C-I, Brooklyn) have sponsored legislation which will create an education investment tax credit in New York State.

Bill number S4099-A will generate increased funding for education by enhancing existing tax benefits for charitable donations. The goal of the bill is to help public schools, non-profit organizations supporting public schools, and Pre-K programs. The bill also provides a tax credit to public and non-public school teachers for out-of-pocket school supply expenses, and assists many low- and middle-income families whose children attend private or religious schools and require scholarships.

February 25, 2014
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2014 Legislative Questionnaire/What Are Your Priorities?

As we proceed through the 2014 Legislative session, I’d like your feedback on issues that may be considered, such as medical marijuana, universal full-day pre-kindergarten, and campaign finance reform. I want to know what your priorities are. What concerns you the most? Please share your thoughts by filling out this survey.

February 20, 2014
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