Sentences with phrase «proposed federal tax overhaul»
The proposed federal tax overhaul will reduce tax incentives for homeownership, potentially depressing the prices of Long Island homes with high property taxes and spurring demand for already - scarce lower - cost homes and rentals.
http://www.nystateofpolitics.com/ Not exact matches
There is a great deal of uncertainty surrounding that budget as Governor Andrew Cuomo continues to consider what exactly to propose in terms of overhauling the state tax system in response to the new federal tax code, which has especially significant ramifications for New York, and in terms of a congestion pricing plan for New York City.
He said the governor proposes to decouple the state tax code from the federal government's, a move that would restore deductibility many New Yorkers stand to lose under the new federal tax overhaul.
On Tuesday the governor proposed an increased reliance on Payroll taxes in response the recent federal tax overhaul, which significantly reduces the amount of state and local taxes that can be deducted when filing federal income taxes.
The tax overhaul plan proposed by President Trump and now being considered in Congress would end the deduction on federal income tax forms for state and local property taxes.