Malcolm A. Smith's posts related to Finance

Legislation to Provide 13 Weeks of Extended Unemployment Benefits for Jobless New Yorkers approved by Senate Finance Committee

Bill Expected to Head to Floor for Vote by Full Senate Next Week 

Read more...

Historic Rehabilitation Tax Credit Passes Finance Committee

Program will bring unprecedented redevelopment to distressed areas; Legislation Expected to Pass Senate Next Week (Albany, NY) The New York State Senate Finance Committee today passed the Historic Rehabilitation Tax Credit (HRTC) (S2960-A/Valesky), sending this important economic stimulus and community revitalization legislation to the full Senate.  The Senate is expected to pass the measure next week. 

Read more...

Historic Rehabilitation Tax Credit Passes Senate; Brings Redevelopment To Distressed Communities

(Albany, NY) The New York State Senate unanimously passed today a vitally important economic stimulus and community revitalization program: the Historic Rehabilitation Tax Credit (HRTC) (S2960-B/Valesky).  

Read more...

Senate Passes Property Tax Breaks For Cold War Veterans

Measure puts Cold War vets on par with others & also extends to co-ops (Albany, NY) The New York State Senate today recognized the service and sacrifice of Cold War veterans by voting to allow for local municipalities to increase the level of property tax breaks available to these veterans. Under the current law, Cold War vets are not offered the same breaks as other “combat” veterans. 

Read more...

Senate Elections Committee Holds Albany Hearing On Campaign Finance Reform

(Albany, NY)- Wednesday, the Senate Elections Committee, Chaired by Senator Joseph P. Addabbo Jr. (D-Howard Beach), held a public hearing in Albany to solicit public comment on proposed campaign finance reforms to reinvigorate participatory democracy. Along with last week’s hearing in Rochester this concludes the third set in a series of five hearings that will continue in September and November. 

Read more...

Senate Facilitates Small “Food” Business Growth

Passes grants program for small-scale food processing facilities putting people to work, utilizing NYS products in recipes. (Albany, NY)-The New York State Senate has passed S3594,  legislation that promotes the development of small businesses, particularly those in distressed communities,  by enabling small-scale food processors to apply for funding from the Empire State Economic Development Fund. 

Read more...