Sentences with phrase «york city sales tax»

Senator Jeff Klein (D - Bronx / Westchester) introduced legislation to direct $ 428 million in New York City sales tax to fund its share of Phase 1 of the MTA's Subway Action Plan.

Among other things, the breakaway group of eight Democratic senators led by Sen. Jeff Klein of the Bronx is calling for early voting, no - excuse absentee voting, dedicating a portion of New York City sales taxes toward MTA repairs, tax relief for many New Yorkers, and protecting health insurance for children from poor families.

Not exact matches

«The closer you get to the actual succession, the fewer opportunities you have to structure the right sale, to save on taxes, to prepare your employees and yourself,» says Joan Crain, global family wealth strategist at BNY Mellon Wealth Management, based in New York City.

For example, a retailer based in New York that sells a product to a consumer in Chicago must factor in a 1.25 percent Chicago city sales tax, a 1.75 percent Cook County sales tax, the 6.25 percent Illinois sales tax and a 1 percent «special» sales tax.

The Independent Democratic Conference on Monday rolled out a plan that would help fund repairs to the New York City subway system through sales tax revenue.

State Senate Republicans aren't ready to embrace congestion pricing, but they are prepared to seize a portion of New York City's sales tax revenue to help fund the MTA.

Aetna, the insurance giant founded in Hartford, Connecticut, where it has been for the past 164 years, announced that it would move its headquarters to New York City, due in part to nearly $ 10 million worth of property and sales tax credits, among other benefits.

«It's a real head - scratcher» as to why Republicans backed the legislation, which also included an extension of mayoral control of New York City schools, the re-approval of local sales tax measures and several other measures aimed at upstate communities for flood relief.

Numerous Democrats have argued that the state should allow New York City to raise its own taxes, the same way Albany approves county sales tax requests.

Skelos rejected the idea that New York City's tax request should be treated like a county sales tax request or any similar «home rule» request because the city drives the state's econCity's tax request should be treated like a county sales tax request or any similar «home rule» request because the city drives the state's econcity drives the state's economy.

Separately from the state, New York City is giving Aetna a $ 5 million sales tax credit over 18 months and another $ 4.55 million in tax breaks over 10 years.

The agreement was announced a week after the conclusion of an extraordinary session in which mayoral control of New York City schools was extended for two years, along with re-approving sales tax measures and other local tax provisions for local government.

Illicit marijuana sales in New York are estimated at $ 3 billion, and an official study by City Comptroller Scott Stringer in 2013 found that potential tax revenue for the state would likely exceed $ 400 million, if an adult - use marijuana market was legalized in New York City.

ALBANY — Legislative leaders continue to talk with Gov. Andrew Cuomo about a «grand plan» to renew mayoral control of New York City schools, reauthorize sales taxes around the state and, possibly, increase the number of charter schools.

But he set the agenda for the «mini ugly,» the bill that shoehorned in a disparate smattering of unfinished business into one package, including renewing mayoral control of New York City schools, reauthorizing local sales taxes and allocating funds to transform Frontier Town into a sparkling regional tourism hub.

Cuomo's team has plenty to work with, given that Teachout listed Vermont as her address in official paperwork as recently as 2013, avoided paying state and city sales taxes on a car she bought in New York, listed Vermont as her home on tax forms when she joined the faculty of Fordham University Law School in 2009, and reported to tax authorities that she lived in New York for zero months in 2009.

As the annual tax lien sale approaches, the owners of more than 13,000 homes owe New York City $ 186.6 million in back taxes.

But the Assembly has tied mayoral control to the renewal of sales tax in counties outside of New York City, in upstate and on Long Island, and including counties in DeFrancisco's district.

During the presentation, panel chairman Richard Halverson, a former assistant deputy director of the New York City Financial Control Board, said the main cause of the county's deficit is the economic downturn, which created slumping sales tax revenue.

«Given the unique structure of the bonds, the State will realize the savings it is due over the next three state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last week.

The non-binding budget resolution included such IDC asks as a provision to create an independent monitor to oversee the troubled New York City Housing Authority, diverting more than $ 400 million in city sales tax money to the MTA, and creating a secure choice savings account that would allow workers with no retirement savings plan to set aside money in a fund run by the stCity Housing Authority, diverting more than $ 400 million in city sales tax money to the MTA, and creating a secure choice savings account that would allow workers with no retirement savings plan to set aside money in a fund run by the stcity sales tax money to the MTA, and creating a secure choice savings account that would allow workers with no retirement savings plan to set aside money in a fund run by the state.

It's possible lawmakers will also consider a measure to bolster pension benefits for New York City police and firefighter unions as well as an extension of local sales tax measures.

Overall, sales tax growth in the fourth quarter excluding New York City was only a 1.4 percent increase over a year earlier.

Requests by Erie and many other counties to continue their «temporary» higher sales tax rates were somehow tied in with an issue involving New York City's schools.

If our state legislators did not give the New York City politicians exactly what they wanted then chaos would ensue as property taxes would skyrocket to make up for the absence of the additional sales tax.

New York City collects over $ 7 billion dollars in sales tax annually through purchases like prepared food, clothing over $ 110, parking, electronics, beauty services and more.

As Albany debates extending and perhaps expanding a tax on New Yorkers who earn more than $ 1 million a year, Mr. de Blasio suggested imposing a «mansion tax» of 2.5 percent on residential sales of more than $ 2 million in New York City and using that revenue to provide rent subsidies to 25,000 seniors.

Mayor Bill de Blasio said that the recently - passed New York State budget is a mixture of «simple pros and cons» and vowed that he will lobby Albany on his proposal to impose a new tax on sales of properties worth $ 2 million and to see his administration's power over the city's school system extended at least another year.

(There is no fee in New York City, but ride - hail trips are captured by sales tax.)

However, the Assembly has tied mayoral control to the renewal of sales tax in counties outside of New York City, in upstate and on Long Island and including counties in DeFrancisco's district.

Counties and cities in Central New York saw increases, topped by an 11.55 percent rise in local sales - tax revenue in Oswego County.

Ulster County had the third highest increase in sales - tax collections outside New York City last year.

• So could the many other bills that need to be passed by tomorrow, including but not limited to: New York City's adjusted sales tax, which is needed to balance the city budget; a bill to renew federal support for special education; and a bill to allow the city to continue to sell bonds to raise moCity's adjusted sales tax, which is needed to balance the city budget; a bill to renew federal support for special education; and a bill to allow the city to continue to sell bonds to raise mocity budget; a bill to renew federal support for special education; and a bill to allow the city to continue to sell bonds to raise mocity to continue to sell bonds to raise money.

a bill, A40001 was introduced into the New York State Assembly, which was an essential comprehensive bill, permitting, among other things, the vital extension of all local sales taxes and the Mayoral Control of the New York City Schools.

«We are pleased that state leaders reached agreements that paved the way for passage of a measure that includes a three year extension of sales, occupancy, mortgage recording and real estate transfer taxes; and a two year extension for mayoral control of the New York City School System,» said New York State Association of Counties President William E. Cherry.

New York City's sales tax collections grew at half the rate from the same time period in 2014.

The Real Estate Board of New York and the Building and Construction Trades Council of Greater New York have reached an agreement to revive the 421a tax exemption in New York City, ending a 10 - month stalemate that put a damper on the city's investment sales market and stalled several major projeCity, ending a 10 - month stalemate that put a damper on the city's investment sales market and stalled several major projecity's investment sales market and stalled several major projects.

Tax rates are not only a main source of difference between the Democratic and Republican Party platforms; they are a prime driver of New York City's residential and commercial sale markets, mainly when it comes to taxes on capital gains.

The de Blasio administration is calling for an additional 1 percent tax on the sale of homes in New York City over $ 1.75 million, which would rise to 1.5 percent tax on sales over $ 5 million.

Only a half - dozen of 57 counties outside New York City have kept their sales taxes at 3 percent, according to state data, and now they aren't being allowed to raise it.

Even with the gridlock over, Lanza said he still plans to vote against New York City's sales - tax increase, the lack of which officials here said was costing the city $ 60 million a month and delaying the hiring of cops, EMTs and other city workCity's sales - tax increase, the lack of which officials here said was costing the city $ 60 million a month and delaying the hiring of cops, EMTs and other city workcity $ 60 million a month and delaying the hiring of cops, EMTs and other city workcity workers.

Earlier this week, an Assembly bill was approved that extends the ability of counties to keep a higher sales tax in place, while also continuing New York City Mayor Bill de Blasio's control over the city's vast school system for another two yeCity Mayor Bill de Blasio's control over the city's vast school system for another two yecity's vast school system for another two years.

Beyond the payroll tax and charitable donation programs, Cuomo offered up ideas to reduce traffic congestion in New York City, expand availability of flu vaccines for children, impose restrictions on sex offenders, provide funding for an early voting program, ban synthetic marijuana sales and target physicians who engage in medical misconduct.

A majority — 53 % — of registered New York City voters disapprove of Mayor Michael Bloomberg's proposal to increase the city's sales tax to 8.875 % while 42 % approve of the idea to increase city revenues this City voters disapprove of Mayor Michael Bloomberg's proposal to increase the city's sales tax to 8.875 % while 42 % approve of the idea to increase city revenues this city's sales tax to 8.875 % while 42 % approve of the idea to increase city revenues this city revenues this way.

The final budget eliminates tax credits for business, suspends the sales tax exemption on clothing, and allows state and local governments to borrow from the state pension fund to make required contributions to the same fund — resulting in a hidden $ 1,300 tax on homeowners outside New York City.

QUEENS, NY — Borough President Melinda Katz today announced an upcoming workshop at Queens Borough Hall to help homeowners and other property owners who may be affected by the City's upcoming tax lien sale due to unpaid taxes and other bills owed to the City of New York.

While lawmakers did not have time to agree on ethics reforms or some other items, including extending mayoral control of the New York City schools, or even extending long established sales tax authorization for the state's counties, they apparently did have time to party.

While lawmakers did not have time to agree on ethics reforms or some other items, including extending mayoral control of the New York City schools, or even extending long established sales tax authorization for the state» counties, they apparently did have time to party.

There was also a three - year extension on a variety of sales taxes that are a vital source of income for municipalities, including New York City's personal income tax rates, and incentives for developers in Lower Manhattan.

Although both cities have the same sales tax, New York City also has a local tax, meaning something you buy in the Big Apple will cost you 4.5 percent more than it would in Buffalo.