Sentences with phrase «majority of the tax year»

Not exact matches

In the first two years, «Obama and the Democratic majorities bent over backwards to develop the Mitt Romney version of national health care and also to give a third of the stimulus package to tax cuts,» Jillson says.

If the majority of the year's tax write - offs are documented now, it will require less effort to add the rest during tax time.

CHANGES to the old tax effective investment prepayment system as a result of Ralph II is the most significant factor affecting the majority of this year's blue gum projects, says Norgard Clohessy Equity managing director Ken Richards.

Which means 2017 just becomes a year of un-offset tax cuts, and it becomes a very expensive year as a result,» said Rohit Kumar, head of the tax policy practice at PwC and a former aide to Senate Majority Leader Mitch McConnell.

If a company has proven that it can average a high return on total capital within the majority of its business operations (averaging, say, 15 % + per year for many years) then the company can reinvest what would be dividends, and thus save the shareholder tax.

According to Stanley, the majority of the messages in past years have gone unnoticed, and only a handful of pastors receive letters, some of which threaten to revoke the churches» tax - exempt status.

As you'll recall, this year's session was unusually successful from Gov. Andrew Cuomo's perspective, as he got both houses of the Legislature to agree to things their majorities had heretofore rejected (namely, the legalization gay marriage for the Senate GOP, tax cap for the Assembly Democrats and ethics reform for everyone).

School spending on Long Island is projected to rise an average 2.35 percent for the 2017 - 18 school year, with school taxes to increase an average 1.73 percent — more than this year's hikes, but within state tax - cap restrictions for the great majority of districts.

The plan called for imposing a one - year salary freeze on the vast majority of public employees whose contracts are up for renegotiation as of April 1; holding the line on taxes; and imposing a state spending cap limiting spending growth to the rate of inflation.

As long as Cuomo's cap stays in place, it will continue bending the property - tax curve lower — especially in school districts, where the law gives a simple majority of voters the power to absolutely freeze tax levies at prior - year levels.

For Cuomo, a united Democratic Senate majority is a nightmare scenario: a centrist at heart, he belittled raising the minimum wage before it came back into vogue, ridiculed the idea of hiking taxes on wealthy people, and still won't comply with a ten - year - old court ruling to fork over state cash to underfunded city public schools.

After all, the GOP conference has spent the last six years warning of what would happen if Democrats regained power in the chamber, namely by enacting similar tax hikes they backed during their two - year stint in the majority.

Getting an overhaul of the tax code — which Republicans can spin as a tax cut thanks to an end - of - the - year expiring surcharge — was perhaps the best deal the 32 - member majority could have gotten considering the circumstances.

On the other hand, in another excerpt regarding their Valley Energy project in the Town of Wawayanda, CPV's press release declares: «The project will also provide more than $ 30 million in local tax revenue, with the majority going to the local school system, which has been hit hard, in recent years by budget cuts.»

The plan called for imposing a one - year salary freeze on the vast majority of public employees whose contracts are up for renegotiation as of April 1; holding the line on taxes; and imposing a State spending cap limiting spending growth to the rate of inflation.

The bill comes as Senate Majority Leader John Flanagan has proposed a trio of mayoral control legislation, including a measure that create an education tax credit along with a five - year expiration date.

This strikes me as a bit of a Hail Mary (pardon the pun, please) pass when it comes to the millionaire's tax, since both Senate Majority Leader Dean Skelos and Cuomo have refused to move off their opposition to extending it past its sunset date this year.

At the same time, she attacked Democrats for their brief, two - year stint in the majority between 2009 and 2011 that was marked by tax increases and in fighting (Democrats have pointed out that much of the conference has since turned over and the entire leadership from that era has departed in the chamber, mostly in handcuffs).

When the county executive attempted to raise taxes his first year with a Democratic majority, the two sides of the Legislature joined together to cut $ 8 million from the budget and stop an increase.

Wisconsin Assembly Democratic Leader Peter Barca, who broke with the majority of his party in supporting a $ 3 billion tax incentive package for Foxconn Technology Group and has been in charge while Democratic seats dropped to their lowest levels in 60 years, announced Thursday he is leaving his leadership post at the end of the month.

Our fundamental sense of justice is affronted when the economic order turns out to be a game of snakes and ladders, with unexpected windfalls for a lucky few, and years of graft and saving by the majority taxed into oblivion.

A study by the bipartisan congressional Joint Tax Committee this week found that the House proposal would provide a tax break for the majority of families earning more than $ 50,000 a year, even though the largest dollar amount of savings goes to businesses and the wealtTax Committee this week found that the House proposal would provide a tax break for the majority of families earning more than $ 50,000 a year, even though the largest dollar amount of savings goes to businesses and the wealttax break for the majority of families earning more than $ 50,000 a year, even though the largest dollar amount of savings goes to businesses and the wealthy.

Last year a bipartisan majority of the Legislature found $ 8.5 million to cut to eliminate the tax increase.

Few believe the Democrats will gain a majority in the Senate this year, leaving Spitzer with two years to amass a record of success on his governmental - reform agenda of lowering taxes and balancing the state budget before attempting to take on a controversial social issue.

New York State Senate Majority Leader John Flanagan wants to extend the state's property tax cap to New York City — saying such a move would have provided «multibillion - dollar savings for the people of the city of New York» if implemented over the past five years.

With state leaders racing to finalize a new state budget by the Saturday start of the new fiscal year, a majority of New Yorkers say tax the rich, keep teens out of adult prisons and offer free tuition for some public college students, a new Q poll found.

«This year, working in a bipartisan manner, we've accomplished some very important things for the people of this State ---- including eliminating a $ 10 billion deficit, bringing spending under control and capping property taxes,» Majority Leader Skelos said.

Former state Senate majority leader Pedro Espada Jr. has asked a New York federal judge to vacate or amend his five - year prison sentence for theft of federal funds from Bronx - based nonprofit health care clinics and for lying on his 2005 personal tax return, claiming his lawyer was subpar.

«We would like to thank Team Schneiderman for producing an ad with a courtroom setting, which only serves to highlight that D.A. Donovan has spent the better part of the last 15 years prosecuting cases in actual courtrooms while State Senator Schneiderman was busy voting to raise taxes, proposing legislation to line trial lawyers» pockets, voting against civil confinement for sex offenders and cutting deals to keep Pedro Espada and Hiram Monserrate in the majority fold in Albany,» Shapiro said.

For the second consecutive year, the Legislature's Republican - aligned Majority Caucus delivered a tax decrease to the residents of Erie County.

The Legislature, under Dem control, could have reinstituted the Stock Transfer Tax and brought in $ 10 billion or more a year, raised income tax rates on the wealthy back to where they were in the 70s and reaped another $ 8 billion (while giving the majority of NYers a tax break) but didn't, and has never delivered on any promise of universal health care (which would have saved us even more moneTax and brought in $ 10 billion or more a year, raised income tax rates on the wealthy back to where they were in the 70s and reaped another $ 8 billion (while giving the majority of NYers a tax break) but didn't, and has never delivered on any promise of universal health care (which would have saved us even more monetax rates on the wealthy back to where they were in the 70s and reaped another $ 8 billion (while giving the majority of NYers a tax break) but didn't, and has never delivered on any promise of universal health care (which would have saved us even more monetax break) but didn't, and has never delivered on any promise of universal health care (which would have saved us even more money).

Three Erie County legislators with the Republican - supported majority voted last week against extending Erie County's additional 1.75 percent additional sales tax, part of the 8.75 percent sales tax all county residents pay that must be reauthorized every two years.

«The agreement worked out among the governor, Speaker Silver and Majority Leader Skelos — a stark contrast with the political deadlock in Washington — will bring more fairness to the state tax code and help ensure that children in our public schools will begin to see restorations from the devastating education cuts of recent years,» he said.

Assembly Speaker Sheldon Silver gave his vital support to Cuomo's effort to cut spending, establish a 2 percent cap on the growth of property taxes, enact nonpartisan redistricting of election districts for the next 10 years so majority parties don't protect their power, and other key proposals.

The Democratic Assembly Majority is pushing its favorite items in a different form than the governor has included - a minimum wage increase larger than Cuomo's, a DREAM act resolution that isn't tied to an education tax credit, and a seven - rather than three - year extension of mayoral control of schools.

After the indictments of former Assembly speaker Sheldon Silver and former Senate majority leader Dean Skelos, legislators and political observers have hinted that little, besides rent regulations, the 421 - a tax abatement program and mayoral control, will get done this legislative session, going so far as to hint that they might do a one - year extender for each of the measures.

While the general mood in the room was one of cautious optimism about the Republican - led legislature's willingness to fund arts and culture at the recommended levels, there remained a possibility that the majority's professed desire for a tax decrease might eat away at the sector's hard - won gains over the past few years.

Clea Kolster, lead author and PhD student with the Grantham Institute at Imperial, said: «Revenue from oil does make the deployment of CCS far more attractive in the near term by providing the majority of capital in early years before carbon dioxide tax incentives have increased sufficiently to overtake oil revenue.

When Hollywood director Rob Reiner proposed a ballot initiative (Proposition 82 in 2006) calling for an income tax increase to make preschool universal and free for all of the state's four - year - olds, the governor sided with opponents, who noted that the measure would use precious potential tax revenue to pay for a service that a majority of the state's youngsters already received.

Washington — If the House - approved tax - reform bill becomes law with its rule on contributory pensions intact, the measure would change the tax status of the vast majority of school employees who retire in the next few years.

Twice in the past four years, huge majorities of Coloradans have rejected education tax increases.

Liberals: Create a flexible parental benefits plan allowing parents to receive benefits in smaller blocks of time — for example, once every two weeks rather than once per month — and make it possible for parents to take a longer leave — up to 18 months when combined with maternity benefits, although at a lower benefit level; scrap the Universal Child Care Benefit for the wealthiest families, and instead introduce the Canada Child Benefit that will give the majority of families up to $ 2,500 more, tax - free, every year (typically for a family of four).

He also said he would ditch the Universal Child Care Benefit for Canada's wealthiest families and instead introduce the Canada Child Benefit that will give the majority of families up to $ 2,500 more, tax - free, every year (typically for a family of four).

The majority of people who pay estimated tax rely on the prior year safe harbor.

The Liberals said they would impose a higher tax rate on earners in the top one - per - cent — those who make more than $ 200,000 per year — as a way to finance the vast majority of the middle - income relief.

The vast majority of Canadians will not be affected by the new tax bracket for income over $ 200,000 a year, but everyone will see their tax - free savings account contribution limit be reduced back to $ 5,500 for 2016.

No matter what your political leanings, this year's federal election has shown there's one thing the majority of Canadians agree on: you don't want to see the new $ 10,000 Tax - Free Savings Account contribution room limit rolled back to $ 5,500.

We often see majority of us in a hurry to invest during the last month of every financial year to save your taxes.

You've benefited from more years of tax deferral than the vast majority of retirees.

You should be better off avoiding taxes on your earnings, which, after years of growth, will account for the majority of the money in your 401 (k) account.