Sentences with phrase «circuit breaker based»

We need a circuit breaker based on income, because the root of the problem is we place the burden of state liabilities on property owners instead of adult resident workers of the state.

We need a property tax circuit breaker based on income at the least, or every working adult tax payer should pay based on his or her income.

Not exact matches

Slovakia - based computer security company ESET and Maryland - based Dragos, Inc. said in a report published Monday that the malicious software has the ability to control the switches and circuit breakers — a nightmare scenario for those charged with keeping the lights on.

Circuit - breakers: Mechanisms that provide relief for an individual's property tax obligation on the basis of the person's age, income level, or disability.

And a Circuit breaker which is a property tax credit to help low and middle income New Yorkers based on their ability to pay.

«We had been, certainly, talking a lot about expanding the circuit breaker on the personal income tax which is a way to provide property tax relief to a household based on its ability to pay,» said Parrott.

Cuomo has proposed an income - based circuit breaker tax relief plan that is tied to the property tax cap and would provide relief to only some New Yorkers.

Cuomo is counting on the spending rate to stay at 2 % or less in order to pay for a multi year phased in property tax cut known as a circuit breaker, that is based on the percentage of property taxes compared to a homeowner's income.

The Senate, in contrast, replaced the circuit breaker with a tax rebate for homeowners only based on the existing STAR exemptions.

Property tax circuit breakers can address these and similar problems by providing tax refunds based on annual income — often using information from income tax returns — and property tax bills.

And the governor is predicating his latest push for property tax relief — a $ 1.66 billion income - based circuit breaker plan tied to the property tax cap — on the idea that local governments are on a spending binge.

Renters as well as co-op and condo owners in New York City would receive a rent rebate based on their income — known as a «circuit breaker.»

«It's best to do it with a circuit breaker rather than a flat rebate,» she said, referring to an industry term for targeted property tax breaks based on a percentage of income.

The Assembly is pushing for a «circuit breaker,» which would subsidize local property taxes based on a resident's income or ability to pay.

To help with housing affordability, Hawkins said he also supports repeal of the Urstadt Law to establish municipal home rule on rent regulations, rent stabilization coverage for all Mitchell - Lama and project - based Section 8 buildings that have left government supervision, and a rent affordability «circuit breaker» through an income - based tax credit to cap rents at 30 % of household income.

Just as the Close the Gap Campaign for health equality has gained broad - based support and government action, I am optimistic that the National Justice Coalition can be a similar circuit breaker in advocating for safer communities.