Issues: Income Tax

Monthly Column: New Senate report out with a focus on cutting taxes

By: Michael H. Ranzenhofer

 

This year’s State Budget continued middle-class tax rates at their lowest levels in 60 years, reduced taxes for small businesses under the personal income tax, and cut the corporate tax rate for manufacturers.  These positive initiatives began the process of chipping away at the State’s high tax burden.  New York’s last place finish, measured in business tax climate, needs to change.

 

Improving this ranking is critical to New York’s long-term economic growth.  That is why I am pleased to announce a new State Senate report with a focus on cutting taxes has been released.

 

December 18, 2013
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New Senate report recommends tax reform

A State Senate report is out with a focus on cutting taxes.  The new report calls for New York's personal income taxes, business taxes, and local property taxes to be reformed, simplified, and reduced.  Overall, the recommendations in the report will help to ensure a brighter, stronger and more prosperous economy for Western New York.

Click here to view the report.

December 16, 2013
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Senator Klein Announces Major Job Creation Program, “START-UP NEW YORK” in the Bronx

BRONX, NY– Standing under the dome of the Gould Memorial Library at Bronx Community College (BCC), State Senator Jeff Klein (D-Bronx/Westchester) announced that BCC will be a host site for START-UP New York, a groundbreaking initiative that allows select colleges and universities to create tax-free zones on or near their academic campuses.

November 14, 2013
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SENATOR MARTINS PARTICIPATES IN SENATE HEARING ON TAX POLICY AND REFORM INITIATIVES

Senator Jack M. Martins participated in a hearing held by the Senate Standing Committee on Investigations and Government Operations and the Senate Standing Committee on Finance to examine the tax policy in New York State and reform initiatives to find ways to provide relief to families and businesses in the state. 

October 3, 2013
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SENATOR FUSCHILLO: ASSEMBLY SHOULD PASS LEGISLATION TO PREVENT COMMUTERS FROM LOSING STATE TAX BENEFITS TO FEDERAL GRIDLOCK

     With commuters’ federal and state pre-tax transit benefits set to expire at the end of the year, Senator Charles J. Fuschillo, Jr. (R-Merrick) is calling on the New York State Assembly to join the Senate in passing legislation to prevent New York State’s pre-tax mass transit benefit from being reduced because of gridlock in Washington. The benefit provides state tax savings to commuters who use the Long Island Rail Road and other mass transit.  

September 10, 2013
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O'Brien applauds innovative tax cut plan in Unshackle Upstate's "New Economic Revitalization Agenda"

ROCHESTER, N.Y. – Senator Ted O'Brien expressed his support today for a broad range of tax relief proposals for Upstate New York detailed in Unshackle Upstate’s "New ERA" (Economical Revitalization Agenda) plan. The plan aims to energize the upstate economy and significantly relieve the tax burden on middle and working class families and small businesses.

September 3, 2013
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SENATE TO HOLD STATEWIDE HEARINGS ON TAX REFORM

Senators DeFrancisco & Marcellino To Chair Hearings on 

Reducing and Reforming NYS Taxes To Ease Burden on Taxpayers and Create Jobs

The state Senate Finance Committee, chaired by Senator John DeFrancisco (R-C-I, Syracuse), and the Committee on Investigations and Government Operations, chaired by Senator Carl L. Marcellino (R, Syosset), have scheduled five statewide public hearings on how New York’s tax policies can be changed to reduce the burden on taxpayers and to help businesses create more jobs.  

August 16, 2013
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SENATOR FUSCHILLO ANNOUNCES INITIATIVE TO SUSPEND DRIVER LICENSES OF TAX DELINQUENTS WHO OWE MORE THAN $10,000 IN BACK TAXES

16,000 Tax Scofflaws Put on Notice

     Senator Charles J. Fuschillo, Jr. (R-Merrick) recently announced a new initiative to encourage individuals who owe significant back taxes to pay their bills. Under the new program, New York State will suspend a taxpayer’s driver’s license when their past-due tax liability exceeds $10,000. The crackdown is the result of legislation enacted in this year’s budget.

August 6, 2013
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SENATE APPROVES SENATOR FUSCHILLO’S LEGISLATION TO ENSURE COMMUTERS’ STATE TAX BENEFIT IS NOT AFFECTED AGAIN BY FEDERAL GRIDLOCK

     Senator Charles J. Fuschillo, Jr. (R-Merrick) today announced that the New York State Senate has passed legislation he sponsored to ensure that New York State’s pre-tax mass transit benefit, which provides state tax savings to commuters who use the Long Island Rail Road and other mass transit, is not reduced because of gridlock in Washington.

June 13, 2013
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SENATOR FUSCHILLO INFORMS RESIDENTS HOW THEY CAN TRACK THE STATUS OF THEIR INCOME TAX REFUNDS

Senator Charles J. Fuschillo, Jr. (R-Merrick) is informing residents who believe they are entitled to a state and/or federal tax refund that they can track the status of their refund online by visiting his website, Fuschillo.nysenate.gov.

Both the New York State Department of Taxation and Finance and the Internal Revenue Service (IRS) have online tracking systems which allow residents whose income tax returns indicated they will be receiving a refund to find out when they can expect to receive it.

April 30, 2013
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Free Tax Assistance At Over 400 Statewide Locations

New Yorkers Applaud Free Tax Help as Filing Deadline of April 15 ApproachesGovernor Andrew M. Cuomo today joined with the Internal Revenue Service (IRS), New York State agencies and numerous local organizations statewide to encourage low and middle-income taxpayers to take advantage of free services to prepare and file their income taxes as the filing deadline of April 15th approaches.

The Volunteer Income Tax Assistance (VITA) program is available to individuals and families with an annual income of $51,000 or less. Taxpayers can have their federal and state taxes prepared and filed for free by IRS-certified volunteers at these locations.

April 2, 2013
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Legislative Report with Senator Dilan

Senator Dilan speaks with 14-year MTA Bus Operator and Fresh Pond Depot Chair, James Beard about the job, the B38 route in Brooklyn, Hurricane Sandy and Transit Worker Union Local 100's ongoing negotiations with the MTA.

March 14, 2013
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Senate Passes Bill Ensuring Prompt Delivery Of Tax Refunds

The New York State Senate today passed legislation, (S.3047) sponsored by Senator Carl L. Marcellino (R, Syosset),  that would ensure timely payment of state income tax refunds. The bill requires the state to pay tax refunds within 30 days of the receipt of a taxpayer’s return, unless there is a discrepancy in the return.  “If taxpayers who  do the right thing and file on time, the state should do the right thing and  get the refunds out the door in a timely fashion,” said Senator Marcellino. “It shouldn’t take up to eight weeks to get your money back.  I think the state can do better and this legislation would make sure that they do.”

March 13, 2013
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Your Voice with Senator Ranzenhofer - March 4

State Senator Mike Ranzenhofer updates constituents on the State Budget process, 2013 Family Tax Relief Act and many other issues.

March 5, 2013
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Ranzenhofer discusses 2013 Family Tax Relief Act

Albany, N.Y. - State Senator Michael H. Ranzenhofer discusses the 2013 Family Tax Relief Act. Click here for more information on the proposal.

March 5, 2013
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Long Overdue Tax Relief and Reforms for Middle Class Families

ALBANY, 03/04/13 -- State Senator James L. Seward (R/C/I – Oneonta) today joined senate colleagues to unveil the 2013 Family Tax Relief Act, a package of tax relief and reform measures which will provide a major economic boost to New York’s struggling middle class families.

“The Family Tax Relief Act will give middle class families some much-needed breathing room by allowing them to keep more of their hard-earned money,” said Senator Seward.  “The plan takes aim at tax credits and exemptions that are long overdue for reform and provides direct tax relief that will put money back in the pockets of New York’s working class.”

March 4, 2013
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Senator Robach Joins Senate Republicans To Unveil Family Tax Relief Act

Plan Would Increase Tax Credits to Help Struggling Middle Class Families, Restore STAR Property Tax Rebate Checks for Millions of New Yorkers

March 4, 2013
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Little Seeks Tax Relief for Families in State Budget

             Senator Betty Little today joined her colleagues in proposing the 2013 Family Tax Relief Act. The plan would increase existing child tax credits and the state’s dependent exemption for income taxes and restore funding for the STAR rebate check.

March 4, 2013
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GALLIVAN, SENATE REPUBLICANS UNVEIL FAMILY TAX RELIEF ACT

Plan Would Increase Tax Credits to Help Struggling Middle Class Families, Restore STAR Property Tax Rebate Checks for Millions of New Yorkers

Senate Republican Leader Dean Skelos and members of the Senate Republican Conference today unveiled the Family Tax Relief Act, a package of tax relief and reform measures designed to provide a major economic boost to New York’s struggling middle class families.

The Senate Republican plan would increase tax breaks that have not kept pace with inflation, and, in some instances, haven’t been adjusted for more than 25 years. The plan also restores the STAR property tax rebate check program to provide real and direct relief to millions of New Yorkers who pay some of the highest property taxes in the country.

March 4, 2013
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