From the very first moment Governor Paterson announced that a new State mandate would require every New Yorker to purchase new license plates at a cost of $25 per vehicle, I have heard from many of the motorists who would be hurt by this New York City-driven tax hike. Because Long Islanders cannot afford more taxes, I started an online petition calling upon Governor Paterson to eliminate the costly fees associated with the new plates, which were imposed on drivers in the 2009-10 State budget.
Senator Owen H. Johnson joined Senate Majority Leader Dean Skelos and members of the Senate Majority today to applaud Governor Cuomo's signature on the Middle Class Tax Cut and Job Creation Plan. The legislation reduces the MTA payroll tax on small businesses while maintaining the necessary funding for the MTA from other sources. The tax will be eliminated for 289,000 small businesses, defined as those having an annual payroll between $10,000 and $1.25 million, in the MTA region. Additionally, more than 6,000 businesses with payrolls between $1.25 and $1.75 million will see their payroll tax cut by either one third or two-thirds. The MTA payroll tax cut will also benefit approximately 414,000 self-employed taxpayers.
Continuing their effort to protect property taxpayers, Senators Kenneth P. LaValle (1st Senate District), John Flanagan (2nd Senate District), Lee Zeldin (3rd Senate District) and Owen H. Johnson (4th Senate District) are pushing forward to get restoration of building aid to four Suffolk County school districts. Today, they took the first step in that process by gaining Senate Education Committee approval of legislation that would restore funding that was vetoed last year by Governor Andrew Cuomo for Central Islip, Smithtown, Rocky Point and Babylon.
SENATE PASSES BILL TO RESTORE STATE’S COMMUTER TAX BENEFITLegislation Would Ensure that Commuters Receive $240 a Month State Tax Benefit to Help Offset Mass-Transit Costs The New York State Senate today passed legislation, sponsored by Senator Charles J. Fuschillo, Jr. (R-Merrick), to fully restore the State’s pre-tax commuter benefit to provide savings to commuters who use the Long Island Rail Road and other mass transit.
I wanted to inform you about two tax cuts taking effect this Sunday, April 1st.
* State Sales Tax Exemption for Clothing and Footwear
All clothing and footwear sold for less than $110 per item (or per pair for footwear) will be exempt from the New York State 4% sales tax starting April 1st. Additionally, most fabric, thread, yarn, buttons, snaps, hooks, zippers and similar items that are used to make or repair exempt clothing will also be eligible for the exemption. The exemption from state sales tax is in effect year-round.
On New York State’s tax filing deadline, the state Senate yesterday passed legislation that would expedite payment of income tax refunds and simplify STAR property tax relief filings for senior citizens. A bill sponsored by Senator Carl L. Marcellino (R, Syosset) ensures prompt payment of a state income tax refund. Traditionally, the state Department of Taxation and Finance has held returns requesting refunds for up to two months, starting from when taxpayers file their return to when they may actually see the refund.
The New York State Senate yesterday passed legislation (S6524A) that will provide an asbestos removal tax credit to encourage the cleanup of old, unsafe properties, and spur investment throughout the State. This legislation offers a tax credit to help defray the costs of clean up and remediation to encourage economic development in cities across New York State, and ensure that the cost of asbestos removal is no longer an obstacle to economic development.