Issues: Taxes

Democratic Conference Economic and Revenue Forecast, FY 2013-14

As the Democratic Conference's ranking member on the Senate Finance Committee, Sen. Krueger is pleased to make the Democratic Conference's economic and revenue forecast available to the public.

File: 
FY 2013-2014 Economic and Revenue Forecast

February 27, 2013
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Department of Financial Services to Speek Resolution of Insurance Claims in Areas Affected by SANDY

The NYS Department of Financial Services (DFS) is setting new rules to speed the processing of insurance claims in areas affected by Storm Sandy. The new regulation reduces the amount of time an insurer can delay its decision on a claim, and requires insurers to report to the Department on how many claims it is delaying and the reasons for the delays.

February 27, 2013
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Statement From Senate Republican Leader Dean Skelos

Two years ago, Democrats and Republicans laid aside their differences and enacted a property tax cap that finally put the brakes on rising property taxes in New York. 

Passage of the property tax cap, a long-held Senate GOP priority, sent an unmistakable message to New Yorkers who were drowning in property taxes and finding it difficult to pay their bills.  And, it served notice to the old voices of the Albany status quo, whose answer to everything was always to spend more and tax more.

While it’s clear that this lawsuit has no merit, Senate Republicans are determined to protect the property tax cap for New Yorkers and their families.

February 20, 2013
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Monthly Column: It’s time to turn off the lights on energy tax surcharge

By: Michael H. Ranzenhofer, State Senator - 61st District

In 2009, the State Budget imposed an energy tax surcharge, known as the two percent utility tax, that has cost each and every ratepayer in New York State $2.5 billion over the last four years.  I voted against this tax surcharge because it hurt businesses, hindered job growth, and took more money away from families and seniors.

February 20, 2013
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SENATOR TERRY GIPSON STATEMENT ON MTA PAYROLL TAX

Poughkeepsie, NY. - “I was disturbed to read the details in the Comptroller’s recent audit of the MTA,” said Senator Terry Gipson.

Comptroller DiNapoli’s audit revealed that the MTA held over $90 million in funds and bank accounts. These funds have not been designated for any specific use.

February 14, 2013
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Statement by Senate Republican Leader Dean Skelos

I am disappointed that Governor Cuomo did not remove the 18-a energy tax when he submitted his 21-day amendments to the Executive Budget, as recommended on numerous occasions by Senate Republicans.  The business community has said that this onerous tax costs New York's businesses and families $509 million annually and will hurt our efforts to create jobs and revitalize the state's economy.                        

February 13, 2013
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LaValle Bill Establishes School Tax Cap for Seniors.

A bill to amend the real property tax law to establish a capped real property school tax rate for persons 70 years of age or older who meet the eligibility requirements for the enhanced STAR exemption has been introduced in the New York State Senate by Senator Kenneth P. LaValle (R,C,I –Port Jefferson).

The bill, Senator LaValle said, provides seniors with a choice depending on individual circumstances. Seniors, under the bill, can either have their real property school tax rate frozen as of the day that they turn 70 years of age or receive a STAR rebate check. 

February 12, 2013
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Ranzenhofer opposes 2% utility tax extension

Surcharge set to expire March 2014
Executive budget calls for 5-year extension
Businesses, consumers to pay $3 billion more in taxes

 

Albany, N.Y. – State Senator Michael H. Ranzenhofer (R, C, I – Amherst) has announced his opposition to a five-year extension of the 18-a surcharge as proposed in the Executive Budget.  The energy tax surcharge is scheduled to expire on March 31, 2014.  

February 11, 2013
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LaValle: Let Energy Tax Expire

New York State Senator Kenneth P. LaValle has urged Governor Andrew Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget. 

 The 18-a surcharge, which has increased utility bills for every ratepayer in the state,  is scheduled to expire on March 31, 2014.  The Governor’s proposed five-year extension would cost businesses and consumers a total of almost $3 billion.

February 6, 2013
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Senator Young Joins Senate Republicans To Call on Governor To Remove Utility Tax Surcharge Extension From Executive Budget

High utility costs remain an obstacle to economic growth and job creation

ALBANY - Senator Catharine Young (R,C,I-Olean) joined Senate Republican Leader Dean Skelos, members of the Senate Republican Conference and leaders of statewide business organizations to urge Governor Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget. The 18-a surcharge, which has increased utility bills for every ratepayer in the state, is scheduled to expire on March 31, 2014.  The Governor’s proposed five-year extension would cost businesses and consumers a total of almost $3 billion.

February 5, 2013
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Senate Republicans Call on Governor To Remove Utility Tax Surcharge Extension From Executive Budget

Senate Republican Leader Dean Skelos and members of the Senate Republican Conference were joined today by leaders of statewide business organizations to urge Governor Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget. The 18-a surcharge, which has increased utility bills for every ratepayer in the state,  is scheduled to expire on March 31, 2014.  The Governor’s proposed five-year extension would cost businesses and consumers a total of almost $3 billion.

February 5, 2013
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GALLIVAN URGES GOVERNOR TO NIX UTILITY TAX SURCHARGE EXTENSION FROM BUDGET

Senator Patrick M. Gallivan (R,C,I – Elma) joined with fellow members of the Senate Republican Conference and leaders of statewide business organizations to urge Governor Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget. The 18-a surcharge, which has increased utility bills for every ratepayer in the state,  is scheduled to expire on March 31, 2014.  

“Extending this surcharge will cost ratepayers almost $3 billion. Small businesses, working families and seniors, all struggling to keep up with high energy costs, cannot afford this burdensome utility tax any longer,” said Senator Gallivan. “Allowing the 18-a assessment surcharge to expire will also help to create jobs and make New York more economically competitive.”

February 5, 2013
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SENATOR FUSCHILLO URGES GOVERNOR CUOMO TO REMOVE UTILITY TAX SURCHARGE EXTENSION FROM EXECUTIVE BUDGET

             Senator Charles J. Fuschillo, Jr. (R-Merrick) is urging Governor Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget.

February 5, 2013
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RITCHIE REMINDS PROPERTY OWNERS STAR DEADLINE IS NEAR

New York State School Tax Relief Program Deadline is March 1st

State Senator Patty Ritchie is reminding homeowners in Oswego, Jefferson and St. Lawrence Counties that the deadline for New York State’s School Tax Relief Program—or STAR—is March 1, 2013.

STAR is a tax relief program that lowers property taxes for owner-occupied primary residences.  There are two types of benefits, Basic STAR and Enhanced STAR.

February 5, 2013
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Senator Stavisky, Assemblyman Edward Braunstein, and Community Leaders Discuss Tax Abatement Legislation

 

Legislation Approved By Senate and Assembly Would Treat

Co-Ops and Condo Owners More Fairly

February 1, 2013
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BUFFALO NEWS EDITORIAL: Two changes needed in historic tax credit program

Gov. Andrew M. Cuomo delivered good news for the long-term prospects of rehabilitating commercial properties with his proposal to extend the state’s tax credits for renovating those buildings.

The tax credit program, which was due to expire next year, has been a key factor in Buffalo’s revitalization. One example is developer Rocco Termini’s spectacular makeover of the Hotel @ the Lafayette downtown.

February 1, 2013
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Latimer's Office Announces Income Tax Preparation Assistance by Making IT-201 Forms Available at Office and By Delivery for Seniors

State Senator George Latimer has announced that beginning immediately, NYS income tax forms, including the IT-201, will be available for pickup at the Senator's office or via delivery for senior citizens who request them. 

January 30, 2013
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Senate Co-Leader Jeff Klein and Bipartisan Group of Senators Propose Tax Credit for Local Businesses Hiring Young Veterans

ALBANY, N.Y. – Seeking new and effective ways to spur job creation and address perennially high unemployment rates amongst New York’s returning combat veterans, Independent Democratic Conference Leader and Senate Co-Leader Jeffrey D. Klein, alongside fellow IDC member Senator David Carlucci (D-Rockland), Republican Senator Greg Ball (R-Putnam) and a bipartisan group of Senators from across New York, introduced legislation today to provide major tax credits to private employers hiring veterans discharged after 9/11. The legislation is named “Jobs for Heroes.”

January 29, 2013
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Senator LaValle: Don't Forget STAR Deadline

New York State Senator Ken LaValle is reminding homeowners that the deadline for New York State’s School Tax Relief Program (STAR) is March 1, 2013. STAR is a tax relief program that lowers property taxes for owner-occupied primary residences. There are two levels of STAR benefits: Basic STAR and Enhanced STAR.

January 29, 2013
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Free Federal and State Income Tax Preparation Assistence

On Tuesday, March 26th 4:00PM to 8:00PM University Neighborhood Housing Program, Ariva  and I will be hosting free federal and state income tax preparation assistance. I know how expensive it can be to get your taxes prepared during these tough economic times, thus please call our office at 718-933-2034 to make an appointment to take advantage of this opportunity to file your taxes for FREE.

March 26, 4:00 PM - 8:00 PM
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