Sentences with phrase «federal tax changes»

Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes.

«Today, the New York State Senate acted on an important bill sponsored by Senator Felder that will protect hardworking New Yorkers from $ 1.5 billion in new and higher taxes, and prevent the state from receiving a windfall from recently enacted federal tax changes,» Senate Majority Leader John Flanagan said.

«Taxpayer anticipation of federal tax changes has contributed to the decline.

also I have paid all taxes for entire year of 2018 in advance directly to city hall in Dec 2017 due to various news / rumors about federal tax changes on property taxes, so how I will get 1098 for year 2018 and when I can claim that, in 2017 or 2018, when I advance paid tax city hall have accessed for 2 quarters only, so paid twice of whatever they accessed for two quarter... Thanks

«The governor's 30 - day amendments and the debate and discussion centered around how to react to the recent federal tax changes make one thing very clear — this year's state budget must prioritize making New York more affordable for taxpayers and their families,» Flanagan said.

«Attempts to repeal this measure would harm hard working New Yorkers at a time when they are already getting pounded by detrimental federal tax changes,» Stewart - Cousins said.

Cuomo has proposed an ambitious restructuring of the state's tax code intended to soften the blow of the recently enacted federal tax changes.

ALBANY, N.Y., March 31 - New York Governor Andrew Cuomo and the state legislature agreed late on Friday on a $ 168 billion budget for fiscal 2019, including measures aimed at offsetting damage to taxpayers from new federal tax changes.

Lt. Gov. Kathy Hochul and Majority Leader John Flanagan spoke of a need to address the recent plague of sexual harassment scandals, and a few people mentioned the impact on New York of the recent federal tax changes, but for the most part, leaders planned to leave the discussion of their agendas to next week.

The governor likened the federal tax changes enacted early this year to a missile launched at New York.

The Senate leader also questioned Cuomo's contention that the federal tax changes will cost the state $ 14 billion.

Cuomo, speaking to reporters in a conference call, said he and the other governors believe the federal tax changes largely eliminating the deductions, known as SALT, are unconstitutional.

New York Governor Andrew Cuomo has announced two proposals to help New Yorkers get around the federal tax changes that removed state and local tax deductions from the federal tax code.

He said in some parts of the state, including upstate New York, most taxpayers will benefit from the federal tax changes and the new, larger standard deduction.

The consensus revenue forecast released Friday by the Division of Budget found reasons to be bullish for the state's labor outlook in 2018, pointing to global growth, federal tax changes and higher federal spending.

The Senate Leader also questioned Cuomo's contention that the federal tax changes will cost the state $ 14 billion.

He says in some parts of the state, including upstate New York, most taxpayers will benefit from the federal tax changes and the new, larger standard deduction.

Cuomo also outlined plans to deal with the federal tax changes that result in the loss of the state and local tax deductions, which hits New York and other relatively high tax states hard.

There is a budget deficit and there must be acknowledgment that the federal tax changes, federal healthcare cuts, and overall national fiscal picture for state governments created a problem that can not be ignored.

He also will propose a major retooling of the state tax code to deal with the federal tax changes and seek increased reserves in anticipation of further cuts from the feds.

Both the Senate and Cuomo have proposed decoupling the state tax code from the federal law in order to soften the impact of the federal tax changes on New York taxpayers.

The governors say they are trying to get other states affected by the federal tax changes to join in the lawsuit.

New York Governor Andrew Cuomo, speaking to reporters in a conference call, says he and the other governors believe the federal tax changes largely eliminating the deductions, known as SALT, are unconstitutional.

Cuomo outlined plans to deal with the federal tax changes that result in the loss of the state and local tax deductions, which hits New York and other relatively high - tax states hard.

Governor Cuomo delivered his Executive Budget proposal this afternoon in Albany, which calls for a changing of tax codes to counteract the federal tax changes that targeted New York: (Cuomo 1-16-18) Lawmakers have until April 1st to get a budget... Continue reading →

«The run - up to the State of the State is being overpowered by the debate over the federal tax changes.

Governor Andrew Cuomo, with Senator Chuck Schumer, at left, warns against a federal tax change that would eliminate state and local tax deductions

«The result of the federal tax changes could be national tax receipts falling short of commitments for both levels of government by more than $ 4 billion, meaning higher taxes elsewhere, unplanned spending cuts, or larger increases in government debt,» the C.D. Howe Institute says in a study released Thursday.

Bookmark this page to stay up - to - date on all the latest state and federal tax changes, program news and more.

The better - than - expected earnings was in part due to the recently enacted federal tax changes, creating a one - time $ 1.6 billion boost to the company, Disney executives said during a call with analysts.