Hugh T. Farley's posts related to Taxes

Senator Farley Announces NYS Senate Passes Job Creation & Taxpayer Protection Act

Senator Hugh T. Farley (R, C, I - Schenectady) today announced the State Senate’s passage of the Job Creation and Taxpayer Protection Act of 2011. “This proposal is a three-part plan which encourages the creation of new private sector jobs and promotes fiscal responsibility by the State,” said Senator Farley. “These measures are essential to help revive our economy and provide relief to taxpayers.” The Job Creation and Taxpayer Protection Act of 2011 has three pieces:  1) INCENTIVES TO CREATE NEW JOBS The Senate passed bill S.1891 to provide businesses with a three-year tax credit of up to $5,000 for each new job created.

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Senator Farley Unveils Family Tax Relief Act

State Senator Hugh T. Farley (R, C, I - Schenectady) and his fellow members of the Senate Republican Conference recently 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.

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SENATOR FARLEY DISCUSSES REPORT ON TAX REFORM

State Senator Hugh T. Farley (R, C, I – Schenectady) and his fellow Senate Republicans recently issued a comprehensive report on state taxes that calls for personal income taxes, business taxes, estate taxes and local property taxes to be reformed, simplified and reduced. The report makes sweeping recommendations for reducing the tax burden on all New Yorkers. The plan recommends enacting a permanent two-percent state spending cap and dedicating surplus revenues to tax reductions.

The report was developed based on testimony at a series of statewide public hearings. The report will be shared with the tax reform commissions established by Governor Cuomo for their review.

Highlights of the recommendations made in the preliminary Senate report include, among other things:

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SEN. FARLEY REPORTS SENATE PASSES TAX RELIEF LEGISLATION

State Senator Hugh T. Farley (R, C, I – Schenectady) reported that he and his colleagues in the State Senate recently passed seven bills that would provide tax relief to businesses, expand exemptions from the job-killing MTA payroll tax, encourage historic preservation projects, reduce energy taxes, protect forestland, and provide tax benefits to disabled veterans, as well as teachers who purchase school supplies.

The bills approved by the Senate included:

Expanding the Historic Preservation Tax Credit

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