Sentences with phrase «circuit breaker relief»

Not exact matches

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.

Cuomo's proposed property tax relief plan — or circuit breaker — is, as expected, drawing praise from some and criticism from others.

The governor's Executive Budget proposal includes a significant new property tax «circuit breaker» that would provide relief to households whose property taxes are unreasonably high relative to their income.

«It appears our legislative leaders couldn't agree to provide tax relief to struggling homeowners and renters through a middle class property tax circuit breaker but managed to find the political will to provide sales tax exemptions for people buying luxury yachts.

The report shows that both programs would provide some property tax relief but the circuit breaker credits are superior to STAR rebates in many ways.

The governor's Executive Budget proposal includes a significant new property «circuit breaker» that would provide relief to households (both owners and renters) whose property taxes are unreasonably high relative to their income.

Cuomo had initially proposed a rebate program akin to a circuit - breaker for tax relief as well as a two - tiered wage increase for New York City and a lower one for the rest of the state.

But in a real way, controlling spending is linked to property taxes: Cuomo wants to use the planned surplus to help pay for a $ 1.66 billion property - tax relief plan that is his administration's version of the circuit - breaker program, which ties relief to a household's income.

«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.

«I agree with the Governor that public funds to provide property tax relief for renters and property owners should use a circuit breaker approach to reach those who most need relief.

The governor proposes a property tax relief plan — a circuit breaker — that wisely ties a family's property tax burden to its income level, targeting meaningful relief to over one million New Yorkers that need it the most.

Instead, he says, they're in favor of so - called circuit breakers that would provide proportionately more relief to New Yorkers who can least afford to pay their tax bills.

John Whitley, with the New York State Property Tax Reform Coalition, admits the circuit breaker tax relief may be a victim of a session preoccupied with arrests and leadership changes.

The proposal does not include Cuomo's circuit - breaker plan for property taxes, which would tie relief to an individual household's income.

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.

Gone from the budget framework is a property - tax rebate proposal akin to a «circuit - breaker» that would tie relief to a household's income.

Many of the groups are also urging state leaders to broaden the discussion to include tax relief measures that would link property taxes to individual income in the form of a circuit breaker.

The governor proposes a property tax relief plan (Circuit Breaker) that wisely ties a family's property tax burden to its income level, targeting relief to over one million New Yorkers that need it the most.

Targeted tax relief is a much better plan and the Circuit Breaker approach, also recommended in the Commission report, will give a much bigger bang for the buck IF designed and implemented appropriately.

I am very disappointment that a much - discussed property tax relief measure called a circuit breaker was not included in the budget framework nor was a cut in the small business income tax rate.

The details on this count almost don't matter, since both the circuit - breaker and the rebate simply amount to more pain - dulling medication on top of the $ 3.3 billion School Tax Relief (STAR) program.

NOTE: I've updated this post throughout and re-titled it because I was wrong: Apparently Cuomo's plan DOES include a circuit breaker (see P. 52 of his «New New York Agenda» to provide relief to middle class homeowners).

Instead, he says, they favor so - called circuit breakers that would provide proportionately more relief to New Yorkers who can least afford to pay their tax bills.

The governor also calls the Assembly plan to impose a circuit breaker property tax relief proposal a short sighted bandage.

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.

The Assembly has long advocated for a circuit - breaker which targets assistance to those most in need of relief,» Silver said.

However, Durant expressed concerns regarding the recommendations on the topic of property tax relief, saying NFIB is fundamentally opposed to a circuit breaker concept in any form as it represents a tax shift rather than a tax cut.

They also recommend stricter rules for economic development awards for businesses, and a circuit breaker type of property tax break that targets relief to lower income families.