Michael H. Ranzenhofer's posts related to Taxes

Ranzenhofer launches online petition to stop Governor’s plan to delay tax refunds

Amherst, NY – State Senator Michael H. Ranzenhofer has launched an online petition drive to stop Governor Paterson’s plan to delay State income tax refunds. 

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State Senate repeals “cost recovery” tax; Passes bill to relieve economic development agencies from unfair tax

Albany, N.Y. – The New York State Senate has passed legislation (S.2682) that repeals the “cost recovery” tax imposed on local economic development agencies in 2009 and also requires the State to reimburse agencies for any monies previously paid.

State Senator Michael H. Ranzenhofer introduced the bill in the State Senate.

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MIDDLE CLASS TAX CUT AND JOB CREATION PLAN

Fact Sheet: Changes to tax rates for each tax bracket

 

The Middle Class Tax Cut and Job Creation Plan:

• Decreases the tax rate from 6.85 percent to 6.45 percent on the following incomes:o Married – Incomes between $40,000 and $150,000o Single – Incomes between $20,000 and $75,000o Head of Household – Between $30,000 and $100,000

• Decreases the tax rate from 6.85 percent to 6.65 percent on the following incomes:o Married – Incomes between $150,000 and $300,000o Single – Incomes between $75,000 and $200,000o Head of Household – Incomes between $100,000 and $250,000

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State Senate passes $3.3 billion tax cut for New Yorkers

No taxpayers will see their personal income taxes go up
Overwhelming majority of taxpayers to receive a tax break
91% of taxpayers affected by the PIT surcharge to receive tax cut

 

To figure out your reduced tax rate as a result of the Middle Class Tax Cut and Job Creation Plan, click here.

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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.

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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.  

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Ranzenhofer discusses 2013 Family Tax Relief Act

Albany, N.Y. - State Senator Michael H. Ranzenhofer discusses the 2013 Family Tax Relief Act. Click here for more information on the proposal.

Ranzenhofer joins colleagues to unveil Family Tax Relief Act

Restores STAR rebate checks for millions of New Yorkers
Increases tax credits to help struggling middle-class families

 

Albany, N.Y. – State Senator Michael H. Ranzenhofer (R, C, I – Amherst) joined members of the Senate Republican Conference today to unveil the Family Tax Relief Act.  The plan would restore the STAR property tax rebate check program and increase tax breaks that have not kept pace with inflation for more than 25 years.

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Ranzenhofer: State Budget phases out energy tax surcharge

The 2013-14 State Budget phases out the energy tax surcharge over three years, rejecting the Executive Budget proposal to extend the tax for an additional five years.  As a result, every ratepayer- both individuals and businesses- will see a reduction in taxes on their utility bills. Click here for more information about Senator Ranzenhofer's efforts to eliminate the energy tax surcharge.

Ranzenhofer launches petition drive to reject Federal budget proposal’s “Double Tax Plan”

 

Eliminates state and local tax deduction on Federal tax return
139,101 WNY taxpayers would be hit with average tax hike of $2,800
Over 3.2 million New Yorkers to see tax increase if enacted

 

State Senator Michael H. Ranzenhofer today urged New Yorkers to sign his new online petition, rejecting Federal budget proposals that would increase taxes on Western New Yorkers by an average of $2,800.  Click here to sign the petition.

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