The proposal would either replace or exist alongside the current personal income tax as a workaround to a newly
approved federal cap on state and local tax deductions.
Not exact matches
Cuomo's payroll tax was unveiled this week and is meant to act as a workaround for the
federal cap on state and local tax deductions set at $ 10,000, part of the December tax law
approved by Congress.
But Cuomo wants to change that as a response to the
cap on state and local tax deductions, now at $ 10,000, in the
federal tax law
approved in December.
The
federal government also says that while the state and the Oneidas have agreed that the Oneidas will
cap their trust land at 25,000 acres of land, the
federal government could
approve more if the Oneidas applied for it.
Adding to the problems is a $ 10,000
cap on state and local tax deductions in a
federal tax law
approved last month by Congress.
A major priority of the governor's — a workaround for the $ 10,000
federal cap on state and local tax deductions in response to congressional tax reform
approved late last year — was also include in the agreement.
The
Federal Communications Commission voted Thursday to
approve a tax increase that will fund a $ 1.5 billion
cap increase for E-Rate.
Digital Promise applauds the
Federal Communications Commission's vote today to increase the funding
cap by $ 1.5 Demand for these services far exceeds previous funding levels and
approving this increase — which amounts to an additional $ 2 per year on Americans» phone bills — will help thousands of schools improve the opportunity to learn for students.