Sentences with phrase «state cap limits»

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Other proposals include a carbon tax on gasoline sales, limiting deductibility of state taxes for businesses by imposing the same caps that now apply to individuals, and taxing generous employer - provided health care plans.

Major changes include lower tax rates on individual income, a roughly doubled standard deduction ($ 12,000 for singles and $ 24,000 for married couples who file jointly), and sharp limits on a slate of itemized deductions, including a $ 10,000 cap on the break for state income, sales and property taxes.

Fan and his associates stated that overage charges for data and roaming contribute little to the revenues of major service providers, and the caps will be more of an effective means of limiting bill shock for consumers rather than restricting a company's average revenue per user.

Republican Representative Chris Collins of New York, a Trump ally, told reporters earlier this week that lawmakers from high - tax states, such as his own, were discussing «ways to level the playing field,» including capping the amount of the deduction or putting other limits on it.

States protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Seattle FHA loan limits were also increased for 2016, and they match the conforming caps stated above.

But things are going to get more painful for the upper middle class in 2018 with the proposed elimination of state income taxes, capping mortgage interest deduction, and limiting property tax deduction to $ 10,000.

If passed in the Senate and signed into law by President Donald Trump, the measure will preempt state interest rate caps that now limit the annual percentage rates (APRs) on loans to no more than 36 percent.

The lower limits apply to most counties across the state, while the more expensive areas like the Bay Area and Los Angeles have higher caps of up to $ 679,650.

But funds for capital improvements are scarce, and borrowing power is limited by a state - imposed tax cap.

Park officials said the state tax cap, imposed in 1991, has limited their ability to make infrastructure repairs.

The board is looking at how to finance the improvements, because the state put a cap on bond debt — the district's usual method of financing — and requires using limited tax bonds.

The National Organiztion for Marriage has filed a lawsuit in federal court that seeks to circumvent the state's campaign contributions limits, arguing that the caps violate its right to free speech.

And he rebuffed concerns the tax cap for New York City would harm its revenue, saying it was important to promote low - tax policies there, and pointed to the success of limiting levy growth elsewhere in the state.

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

In this era of declining school enrollment, increasing costs and tax increases limited by the tax cap imposed by New York State, consolidating school districts seems like a no - brainer.

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 property tax cap is now in its sixth year, and according to David Albert with the New York State School Boards, most of the state's nearly 700 school districts are asking for increases that are within the limits of theState School Boards, most of the state's nearly 700 school districts are asking for increases that are within the limits of thestate's nearly 700 school districts are asking for increases that are within the limits of the cap.

Nixon wants to repeal the state's property tax cap begun by Cuomo, and she disagrees with voluntary limits by the governor to keep state spending growth at about 2 percent per year.

«It is critically important, now more than ever, to make sure government controls spending in light of the federal cap on deductions for state and local taxes,» Law said, referring to the $ 10,000 limit on deductions of local property taxes and state income taxes on federal returns.

The statewide cap of 0.12 percent for 2016 - 17, announced last month by state Comptroller Thomas DiNapoli, is down sharply from the current year's baseline limit of 1.62 percent.

«As the cap fluctuates below two percent, it becomes increasingly difficult to stay under the levy limit while also dealing with increased costs and uncertain state aid.

As school districts face zero inflation and virtually no room under the state's cap on property taxes, the number of school districts seeking overrides of the limit has doubled, according to the New York State School Boards Associastate's cap on property taxes, the number of school districts seeking overrides of the limit has doubled, according to the New York State School Boards AssociaState School Boards Association.

Once again, I call on state officials to amend the tax cap to do as they often claim it does: limit growth in assessed real estate value to 2 % from the prior year's assessment.»

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.

Question topics included the expected new bridge tolls, a toll and finance task force expected to have already been created, whether it's «overtly political» to not announce new tolls before the November election, whether there continues to be a $ 3.9 billion cap on the bridge cost, two Hudson Valley state senate races, how the crane was named, ebola and whether he anticipates limiting travelers into New York and Amtrak's announced plan to close four tunnels for lengthy repair work.

The Assembly voted to close the LLC loophole in campaign finance laws, cap contributions by limited liability corporations at $ 5,000 and require them to identify the individuals who make the donations in the LLC's name, and limit lawmakers» outside income to 40 percent of the annual salary of state Supreme Court justices.

Unlike the gimmicks that preceded it, such as the state - subsidized School Tax Relief (STAR) program, the cap has slowed the growth of local property taxes across the board, putting a speed limit of sorts on local government and school district spending.

Individuals should be banned from lending parties money, donations should be limited, spending capped, and state funding increased if the public are to regain trust in the funding of political parties.

Cuomo was endorsed earlier today by the business lobbying group, which cited his efforts to install a cap on local property tax increases, limits on spending hikes in state budgets and an uptick in the state's credit rating.

New York is one of several states that have aggregate limits on campaign spending, though a state - level court ruling tossed the cap and the state Attorney General Eric Schneiderman's office plans to appeal.

Right now, the state caps election - cycle contribution limits at $ 150,000 for an individual donor in a calendar year and $ 5,000 for corporations.

Gov. Andrew Cuomo on Monday at the state Business Council's annual retreat in Bolton Landing gave what has become a sort of greatest - hits speech for his administration: A property tax cap, a self - imposed limit on annual spending increases, economic development spending and a tourism push that has paid out dividends of more people heading upstate.

The union reciprocated by limiting its involvement in Albany's budget battle, all but neutering New York State United Teachers, the statewide union seeking to derail Mr. Cuomo's property tax cap.

The state's tax cap limits increases in property taxes to 2 percent or the rise in inflation, whichever is lower.

The state's cap is 2 percent or the inflation rate, whichever is lower, but limits vary by district because of differences in exempted expenses such as school renovations funded by bonds and approved by district voters.

Legislation was passed by the New York State Legislature last week placing a 2 - percent cap on real property tax increases or limiting them to the rate of inflation, whichever is smaller.

He cited difficult state mandates, a tax cap that is close to zero percent, limited options for increasing revenue and decreasing expenditures, roads in need of repair and buildings in need of capital improvements.

The property tax cap is now in its sixth year, and according to David Albert with the New York State School Boards Association, most of the state's nearly 700 school districts are asking for increases that are within the limits of theState School Boards Association, most of the state's nearly 700 school districts are asking for increases that are within the limits of thestate's nearly 700 school districts are asking for increases that are within the limits of the cap.

ALBANY — Two of the state's top education leaders say there isn't an urgent need to raise or eliminate the state's cap on charter schools since a third of the available charters under the limit have not yet been awarded.

The exact cap limit is to be announced by the state comptroller's office this month.

Cohen supports the Business Council's Enough Already NY campaign's Five to Survive economic reform agenda which includes: a property tax cap; a state spending cap; reducing the tax burden; reforming public employee pensions and limiting government borrowing.

Each school district has its own tax - cap limit based on the statewide figure, but adjusted for exemptions allowed under state law.

The Legislature gave itself permission to raise taxes above the state tax cap limit, in case it needs more revenue for the 2018 County Budget

Growth in school taxes statewide will be held next year to a baseline property - tax cap of 1.26 percent — higher than this year's near - zero limit but less than what education officials said they need to meet expenses, according to the state comptroller's office.

«Every year, hundreds of donors give more money than is allowed by state law that has highest limits of any state capping donation size; scores of candidates fail to disclose large contributions received in the run - up to Election Day; thousands of filings obfuscate the identity of donors or the purpose of expenditures through the inclusion of incomplete or incorrect information; and dozens of incumbent lawmakers spend campaign funds for what reasonable people would unanimously agree are non-campaign reasons,» the report found.

A week after Gov. Andrew Cuomo started a new effort to spread the evangel that is the 2 percent property tax cap, 129 out of 714 taxing districts so far have said they will override the limit, according to the state Comptroller's Office.

«With all the billions of dollars that were being thrown about — something for everybody — how we're going to maintain a 2 percent cap on spending is beyond me,» said Senate Deputy Majority Leader John DeFrancisco, referring to Cuomo's pledge to limit annual state spending increases.

State lawmakers in 2011 approved a limit on local property tax increases, setting the cap at 2 percent or the rate of inflation, whichever is lower.