The state lost tax revenue, and welfare costs for inmate - related families added still another layer of expenditures that governmental agencies had to build into their expanding criminal - justice budgets.
State Sen. Betty Little (R - Queensbury) said local governments throughout
the state lose tax revenue each year as a result of the current 480 - a program.
Not exact matches
But the
lost tax revenue is significant, and that's got
states actively working on ways to collect from remote sellers.
Though most
states theoretically require consumers to track and pay sales
tax on purchases even if the
tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in
lost revenue for cities and
states.
Consequently, the impact on
lost tax revenue may be over
stated — and the benefit therefore under
stated.»
In the short term,
states would likely
lose some
tax revenue by creating a
State GRA because contributions would be
tax - deductible and
State GRAs would likely entice some workers to save earnings that would have otherwise been
taxed.
Connecticut
loses tax revenue when people buy cars out of
state.
To offset the various
revenue -
losing provisions introduced Thursday, House
tax writers opted to increase
tax rates on foreign assets that multinational corporations move back to the United
States.
In the end,
states have not collected any additional sales
tax revenue, and actually
lost income
tax revenue from the impacted affiliate marketers.
[fn.3] Since the starting point for many
state income
tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar
tax credit might
lose the
state revenue.
Counterfeit Wine and Spirits «Cost EU Economy $ 3 Billion a Year» The counterfeiting of alcoholic drinks costs the European Union's member
states an estimated $ 1.2 billion in
lost revenue and
taxes, according to a new report published by the European Union Intellectual Property Office...
Reed noted, of course, raising
taxes to make up for the
lost revenue from the federal government is an option but he doesn't believe
state lawmakers would do that to constituents already facing a heavy burden.
At the same time, American Racing and Entertainment Chairman Jeff Gural in a statement on Thursday called on the
state to give the racetrack a
tax break in order to shore up its finances due to the
lost revenue.
If the
state were to divert those funds, the city would have to bridge the
lost revenue either by making service cuts or
taxing more heavily elsewhere.
That seems implied by your comment that the «
state's
tax climate also matters» and adding that the
state faces a $ 4 billion deficit, plus additional
lost revenue from federal changes to health care and
tax policy, which is estimated to be over $ 2 billion.
«Even if we only
lose a small number of high - income
tax payers, that would cripple the
state's
revenues,» Mujica said.
Mettler shows how Republican politicians, along with increasing numbers of Democratic accomplices, have expanded the submerged
state because it gives the appearance of privatisation and governmental spending restraint, when in reality it represents vast outlays by government in subsidy payments and
lost tax revenues.
The city wants the
state to move forward with private development of the
tax - exempt land or compensate it for the
lost revenue.
Gambling companies have argued for years that New York
loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the
state jobs and
tax revenue.
Furthermore it also causes local and
state government to
lose profitable
tax revenue.
«It is also essential that the Governor and New York business, labor and civic leaders work with President Bush, the New York Congressional delegation, and the leaders of the U. S. House and Senate to secure direct federal assistance for the
tax revenue that the
state is
losing as a direct result of the September 11 attacks,» said Mauro.
He said New York could
lose billions of dollars in
revenue and some of the
state's wealthiest residents, who might choose to switch their primary residence to lower -
tax states.
The
state will provide up to $ 30 million to communities that
lose property
tax revenue because an electric generating plant closes if the Legislature approves a
state budget bill printed yesterday.
A clear alternative, that does not involve throwing tens of thousands of public sector workers onto the dole — a move that would cost more than ten billion in
lost tax revenue and increased
state benefit payments.
He's
lost $ 25 billion from
state revenue,» she said, referring to
tax cuts under Cuomo's tenure.
Collins, during the recent health care debate, sought to shift the local costs of Medicaid outside of New York City on to the
state, prompting Cuomo to threaten to impose a
tax on counties to make up for the $ 2.3 billion in
lost revenue to the
state.
Rep. Whit Betts, R - 78th District and the delegation's senior member, said he'd call for eliminating the
state income
tax on Social Security, and contended that doing away with public campaign financing would offset most or all of the
lost revenue.
But with the legislative session drawing to a close next month, Gov. Andrew Cuomo said Monday that he doesn't «expect any action this year,» meaning the
state will
lose out on
tax revenues that
state Sen. John Bonacic (R - Orange County) has estimated at $ 10 million to $ 30 million a year.
The Republican budget was assembled before the most recent numbers that show the
state is projected to
lose more than a billion dollars in
tax revenue over the next two years.
He says New York could
lose billions of dollars in
revenue, and some of the
state's wealthiest residents, who might choose to switch their primary residence to lower
tax states.
«IOGA of NY calls on the agency to also determine the full negative impact this delay has had on the
state, especially the Southern Tier by examining
lost sales, income and property
tax revenue; outward job migration and jobs
lost to other
states; how the higher cost of fuel has impacted business growth in the
state; and how many foreclosures could have been avoided.»
The superintendents cite a study from the fiscal watchdog group the Empire Center, which finds that if just 250 of the highest income New Yorkers leave the
state due to the resulting higher
taxes, the
state could
lose $ 500 million in
revenue.
ALBANY —
State Sen. Terrence Murphy says he may launch an investigation into the Cuomo administration's agreement with Entergy to close the Indian Point nuclear plant unless questions he has about the deal are answered, including how local governments will replace the
tax revenue they'll
lose once the facility closes.
Currently, city taxpayers claim the credit on their New York City income
tax forms, and the
state reimburses the city for the
lost revenue.
Yet the United
States already bears costs from our broken education system, including higher crime rates, additional expenses for health - care and public - assistance programs, and
lost tax revenue as well as the untold costs of telling generations of children in chronically under - resourced, low - performing schools: «You don't matter!»
In 2010, the Florida legislature's nonpartisan Office of Program Policy Analysis and Government Accountability estimated that Sunshine
State taxpayers saved $ 32.6 million, which is approximately $ 1.44 in state education funding for every dollar lost in corporate income tax revenue due to credits for scholarship contribut
State taxpayers saved $ 32.6 million, which is approximately $ 1.44 in
state education funding for every dollar lost in corporate income tax revenue due to credits for scholarship contribut
state education funding for every dollar
lost in corporate income
tax revenue due to credits for scholarship contributions.
Indiana has
lost millions in
tax revenues due to the state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has report
tax revenues due to the
state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has report
tax credit scholarship alone, the Chicago - based Center for Budget and
Tax Accountability has report
Tax Accountability has reported.
«The result, according to OPPAGA, is that for each $ 1
lost through corporate
tax credits, the
state saves $ 1.49 in general
revenue.»
But because a lot of Indiana schools are
losing money because of a statewide property
tax cap — more than 30
lost enough
revenues to qualify for
state help — you really need a working knowledge of how a district's budget gets built.
Members of the
state's influential Education Coalition said Wednesday school advocates need to unite behind a single
tax measure well in advance of the November election or risk
losing a rare opportunity to raise new
revenues.
Indiana
state tax money follows children to whatever schools they attend, so public schools that
lose students also
lose revenue.
In
states where Amazon has
lost the sales
tax argument at the hands of lawmakers who are eagerly trying to make up for
revenue lost in the recent economic downturn, the online giant has attempted to make amends with legislatures by investing in jobs and distribution centers in return for coming to a consensus on the issue.
The
State of Oklahoma is estimated to be
losing the
tax revenue on at least a forty - million - dollar - a-year industry.
That is because many of these commercial breeding operations are not licensed or registered; the county as well as the
state is
losing hundreds of thousands of dollars in sales
tax revenues.
Considering the number of animals they house and «sell», just how much sales
tax revenue is being
lost in the
state - one of their arguments against breeders!
Best would be to continue the funds that have been granted by Congress to replace the
lost revenue due to the virtual end of logging on these federal lands (a portion of
revenue paid by the feds to compensate for
lost property
tax revenue since federal lands aren't subject to
state property
taxes).
The
states, meanwhile, have been
losing out on billions in sales
tax revenue over the years (one estimate cited in court papers suggests they'll
lose about $ 34 billion this year).
In addition to
lost tax revenues and corporate fees paid by
state corporations, the adverse impact on the legal industry would have a trickle - down effect, taking a major toll on other industries: