Sentences with phrase «local taxpayers under»

Just 6 percent of property taxes are spent on Medicaid, or $ 176.21 average cost per resident — that's 47th the state, making the overall savings for local taxpayers under the Collins / Faso Amendment debatable.

Not exact matches

Under the new law, taxpayers can only deduct $ 10,000 in combined property taxes and other state and local taxes (SALT) from their federal taxes.

Under current law, taxpayers not claiming the standard deduction can deduct both their state and local property taxes, and either their state and local income taxes or their state and local sales taxes, whichever is higher.

Under Trump's plan, taxpayers can still deduct state and local property taxes, though this is capped at $ 10,000.

Under the compromise, taxpayers will be able to deduct property taxes from their federal income taxes, but not state or local income taxes.

The proposal would grant property taxpayers a rebate equal to an annual tax hike as long as a local municipality stays within the state's property tax cap — currently under 2 percent.

This the same company whose owner is under Federal indictment for defrauding local and federal taxpayers of money spent on alleged fraudulent repairs made to Rockland County BOCES School buses.

The SALT cap also will increase the effective cost of State and local government services at the margin; each new dollar of State and local government spending will cost New York taxpayers more than under previous federal law.

For the local governments that couldn't get the levy under 2 percent, the comptroller's auditors worked with ten municipalities to take «correction action» and save local taxpayers from being improperly billed $ 280,000.

A judge is blocking the Village of Owego's taxpayer - funded poll on whether local residents favor abolishing their police force, saying the survey is likely an «improper and unlawful» non-binding referendum under state law.

«School districts worked hard under very trying circumstances to make sure the budgets they presented to voters balanced educational quality with the very real concerns of local taxpayers,» said NYSSBA Executive Director Timothy G. Kremer.

The final budget is also expected to include two end - run options for taxpayers who face limits on how much they can deduct annually in state and local tax payments under a new federal tax law.

Under the proposal, the state would pick up slight increases on individual taxpayers» property tax bill, but only if the local taxing entities also keep tax growth small and work toward consolidating services.

The portion of the budget paid for by state taxpayers will rise just under two percent Despite the one - time windfall, he had to bridge a $ 1.8 billion deficit in the current budget, which he did by counting $ 373 million in additional, not immediately identified revenues as well as cutting $ 92 million from state agencies, booking $ 121 million in savings from «debt management» and cutting $ 1.4 billion from funding for various local assistance programs.

The 16 - page audit report, prepared under the direction of Ira McCracken, chief examiner for the comptroller's regional office in Hauppauge, warned that Plainedge's school board and administration needed to take greater care in meeting their responsibilities to local taxpayers.

Under the new tax code, taxpayers will no longer be able to deduct state and local taxes from their federal bill once they hit a $ 10,000 threshold.

That's because under the tax plan, taxpayers would no longer be able to deduct their local or state sales or income taxes on their federal returns.

But local governments and green groups bitterly oppose the measure, citing concerns over reduced payments to their localities and school districts, a lack of comprehensive study and how the program might change under future administrations — all of which would lead to a larger tax burden for local taxpayers.

Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.

Under the McCleary decision, will school districts that now raise a lot from their local taxpayers have to give up some of those dollars?

Old law: Under prior law, taxpayers could deduct state, local and foreign real estate taxes they paid during the tax year, with no cap on the amount.

Taxpayers can deduct state and local taxes under the regular income tax but not the AMT.

'' (3) Any amount deducted from gross income under section 164 of the Code as state, local, or foreign income tax or tax, as state or local general sales tax tax, or as qualified motor vehicle tax to the extent that the taxpayer's total itemized deductions deducted under the Code for the taxable year exceed the standard deduction allowable to the taxpayer under the Code reduced by the amount the taxpayer is required to add to taxable income under subdivision (4) of this subsection.subsection (a2) of this section.»

Helped taxpayers by using their federal, state and local codes and see to it that clients receive the maximum benefit permitted under the law of government