Sentences with phrase «tax sunset this year»

He contrasted the mayor's desire to let the millionaire's tax sunset this year — which he said would blow a $ 5 billion hole in the state budget — with the mayor's insistence in his State of the City address that the city needed to be able to reduce pension benefits and lay off «more expensive» senior teachers to cut costs.

Not exact matches

While the tax incentive sunset in 2014, it could still be available to businesses making purchases in 2015, but Congress and the White House need to act to extend the credit before the end of the year.

The bill also allows expensing to expire after five years, imposes several new taxes eight years in the future, and includes other sunsets and sunrises.

The tax credit will be phased out over the next year since Tesla will have sold over 200,000 electric vehicles in the US triggering a sunset of the tax credit.

The cap on property taxes was extended for four years, a full year before its sunset.

Skelos conceded that high - income earners — couples who make $ 2 million a year and individuals who make $ 1 million — will see less of a tax reduction under this new structure than they would have had the so - called millioniare's tax been allowed to sunset at the end of the month as scheduled.

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.

Silver agreed with Strong Economy for All Coaliton head Mike Kink's assessment that up to 85 percent of the revenue currently being generated by the so - called millionaire's tax (set to sunset at the end of this year) is actually coming from people with assets of $ 1 million or more.

He also discussed the supposed «link» between a property tax cap and rent control, insisting he's willing to do the former without the latter, and refused to say whether or not the state can afford to let the so - called millionaire's tax sunset on schedule at the end of this year.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

Initially, the tax cut was supposed to cost $ 250 million in M.T.A. - dedicated revenue, to be offset by the state out of general funds, and it was to sunset in three years.

For more than a year, the 421a abatement that saves developers big in taxes and creates some affordable housing has been unavailable for new development projects, following a sunset of the previous law in January of 2016.

During a Q - and - A with reporters outside his office yesterday, Gov. Andrew Cuomo reiterated his opposition to continuing the millionaire's tax past its sunset date at the end of the year, which is something members of the labor community and select Assembly Democrats (albeit not all of them) have been pushing.

Advocates have noted there's still time to reinstate the tax before it sunsets at the end of this year.

Sampson seemed to be pitching Cuomo on reconsidering his opposition to extending the so - called «millionaire's tax,» which is set to sunset at the end of the year, to reduce some of his deep cuts to Medicaid and education aid.

That percentage would drop under the Assembly Democrats plan to boost the threshold to $ 1 million, making the tax actually live up to its name, and only for one year past the sunset date.

Sixty - nine of the 99 - member Assembly Democratic conference signed a recent letter to Speaker Sheldon Silver re-stating education as a «priority» and expressing support for continuation of the so - called millionaire's tax past its sunset date at the end of the year.

They support (55 - 42) the idea of letting the millionaire's tax continue past its sunset date at the end of this year.

Cuomo has made it clear on numerous occasions that he opposes continuing the temporary three - year personal income tax increase on wealthy New Yorkers that is scheduled to sunset at the end of 2011.

Cuomo wants to extend the existing rates on the wealthy that are due to sunset at the end of the calendar year, insisting it is key to paying for middle - class tax cuts approved in the previous budget year.

The current tax cap legislation will sunset next year.

According to state law, the hotel tax has a three - year sunset clause attached to it, meaning that it must be renewed by the state in fiscal year of 2018.

The governor continues to argue that letting the tax sunset at the end of the year was in keeping with a campaign vow to not raise taxes.

Asked about the 2 percent property tax cap due to sunset this year, Assemblyman Kevin Cahill offered this insider's assessment.

The first is a parcel tax that will extend the estimated $ 10 million in annual funding from a 2008 parcel tax beyond the end of the 2013 - 14 school year when the current tax sunsets.

As with most tax incentives, the credits will sunset after a few years and they may not be available by the time a commercial plug - in hybrid is available to consumers.