The New York State Senate today passed a bill (S.2682), sponsored by Senator Mike Ranzenhofer (R-C-I, Amherst), to repeal a burdensome tax on local economic development agencies that hinders job growth and economic investment. The tax, first enacted in 2009, provides a direct obstacle to the ability of Industrial Development Agencies and Authorities (IDAs) to invest in new projects, support local businesses and create jobs.
"One of my campaign promises was to create jobs and cut taxes," said Senator Grisanti. "By repealing this burdensome tax from 2009, we are promoting job growth in Western New York and across the state," said Grisanti.
The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes.
The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.
(ALBANY, NY) - New York State Senator Mark Grisanti today announced his endorsement of Governor Andrew Cuomo’s plan to overhaul state income tax rates and give average middle class households much-needed tax relief.
“I commend the Governor and Senate leadership for this groundbreaking initiative,” Grisanti said. “I stand proudly with The Business Council of New York State and the National Federation of Independent Business in support of this measure.”
“My constituents need this significant tax relief today, right now, ASAP - and they don’t have time for partisan bickering,” Grisanti said.
About The Middle Class Tax Cut and Job Creation Plan
In stark contrast to the gridlock in Washington D.C., the Senate Republican Majority has worked together with Governor Andrew Cuomo to accomplish major changes and positive reforms this year. The new Middle Class Tax Cut and Job Creation Plan will build on these successes by cutting taxes for hardworking middle class families, and helping to create new private sector jobs.
Click here to read an overview and fact sheet about The Middle Class Tax Cut and Job Creation Plan:
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.
In 2013, New York State initiated a program that all recipients of The Basic STAR Property Tax exemption (Property owners UNDER AGE 65, or those over age 65 whose incomes exceeded $81,900) would have to re-register in order to receive the Basic STAR exemption. This was part of an iniative to protect New Yorkers against fraudulent or inappropriate STAR Exemptions.
The Buffalo Niagara Partnership today joined members of the Western New York Delegation to express support for Governor Andrew Cuomo’s plan for tax relief for businesses as detailed in last week’s State of the State address and the Tax Relief Commission’s recommendations.
BUFFALO, NY – Senator Mark Grisanti (R, I-60) today sent a letter to Senate Majority Leader Dean Skelos requesting that Senate Bill S4099, better known as the “Education Investment Tax Credit,” be included in the 2014-2015 state budget.Recently, Bishop Malone made the unfortunate announcement that 10 Catholic Schools in the Western New York area will be permanently closing at the end of the current school year, displacing 1,154 students (K-8) and 195 faculty and staff.Senators Grisanti, Patrick Gallivan and George Maziarz are the Western New York Senators co-sponsoring this measure, which previously passed the Senate in 2011 and 2012, with no action being taken on the legislation by the Assembly.In the letter to Majority Leader Dean Skelos, Grisanti said, ”Catholic and other schools in Wes