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.
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.
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.
The New York State Senate Republican Conference today unveiled the Family Tax Relief Act, a package of tax relief and reform measures designed to provide an 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.
Today, Senator Ken LaValle reported that the “Public Assistance Integrity Act” (Senate Bill S966) will come before the Senate for a vote next week. The Act, which Senator LaValle sponsored, prohibits the use of public assistance for purchasing alcoholic beverages, tobacco or lottery tickets. Additionally, the Legislation would prohibit withdrawal of public assistance monies at certain locations, specifically, liquor stores, casinos, and adult-oriented establishments.
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.