Sentences with phrase «tax surcharge»

The governor does support extending the existing income tax surcharge on millionaires when it expires later this year, which he doesn't count as a new tax.

The state already has a temporary income tax surcharge on the wealthy.

The governor is under increasing pressure to renew the state's income tax surcharge on millionaires, which expires at the end of the year.

The income tax surcharge on millionaires is being extended for at least two more years to pay for the tax package.

The Assembly plan would make permanent a temporary tax surcharge on New Yorkers making more than a million dollars a year when it expires in 2017.

Also in the deal: a two - year extension of an expiring tax surcharge on millionaires, and a workers» compensation reform package that lawmakers say will save businesses $ 700 million.

Many Assembly Democrats, including Majority Leader Ron Canestrari, D - Cohoes, called on Cuomo to renew an income tax surcharge for individuals making more than $ 200,000 a year.

«Chris supports reductions in the small business PIT, full and immediate elimination of the 18a energy tax surcharge, estate tax reductions, permanent indexing of the personal income tax brackets for inflation, and reducing taxes for seniors by increasing the tax exemptions of private pensions and retirement income,» Briccetti continued.

New York enacted temporary tax surcharges in 2003 and 2009 that boosted rates on households with incomes of more than $ 300,000.

Tipping a dainty toe into once - roiling waters, Assemblyman Kevin Cahill was non-committal a month ago on whether he would sponsor legislation to extend Ulster County's 1 percent sales tax surcharge for another two years.

Also included in that plan is a faster elimination of a utility tax surcharge put in place in 2009 and an increase of the threshold for how much pension or retirement income is tax exempt.

Their proposal also calls for sun - setting the corporate tax surcharge and exempting certain Social Security payments from income taxes, an idea legislative Democrats back as well.

Their total Medicare tax surcharge will be $ 2,316, which includes $ 1,596 (3.8 % of $ 42,000) and $ 720 (0.9 % on $ 80,000).

The mayor was focused on his pre - K / middle school program initiative, particularly the income tax surcharge included in his initiative, and the majority of the questions were on that topic.

That includes killing the 3.8 percent net investment income tax (paid on dividends, interest and capital gains) and the 0.9 percent Medicare payroll tax surcharge.

While Cuomo's initial pre-K number seems lower than the amount that would be generated by an income - tax surcharge backed by New York City mayor Bill de Blasio, the governor said «the state will move as fast as any district will move» in setting up a program.

The governor renewed most of a 2009 income tax surcharge levied on millionaires just before it expired, but has not said what should happen to tax brackets when they reset at the end of next year.

Vanderhoef's spokesman Ron Levine pointed out that the county executive had tried to keep the 30 percent tax hike as a one - time tax surcharge specifically to pay for an $ 18 million hole in the budget left by the failure to sell the hospital to a PBC in the past year.

For his first tax test, Cuomo renewed most of an expiring income tax surcharge at the end of 2011.

The current tax surcharge hits New Yorkers in stages beginning at $ 200,000 of household income.

At that level, you're earning more than $ 1 million per year (including the Mental Health Services Tax surcharge).

Palm Beach County, for example, included $ 30 million for added security in the sales - tax surcharge plan that voters approved in 2016.

I was sure that my memory served me correctly re a TV piece I saw a few years ago about out - of - state owners of Florida real estate and the property tax surcharges about to be levied against them... W5 or some such program.

He hinted that he may have to reauthorize a temporary tax surcharge on New York's wealthiest when it expires in 2017, in order to make up for any potential losses.

Senator Skelos says it's possible that an energy tax surcharge that the governor had wanted to extend could also be discontinued.

Cuomo accused state Senate Republicans of putting their donors ahead of constituents by opposing an extension of an expiring tax surcharge on millionaires.

In June, Assemblyman Kevin Cahill held up state legislation that would have extended Ulster's 1 percent sales tax surcharge for another two years.

Cuomo and the legislature agreed to reinstate an income tax surcharge for those earning more than $ 2 million dollars a year.

The Senate's budget proposal would permanently eliminate the utility tax surcharge, or 18 - a surcharge, by the end of 2016, saving ratepayers $ 125 million a year.

Repeal the corporate tax surcharge to improve state's business climate.

This year's State budget negotiations included significant debate about the renewal of the «Millionaire's Tax,» a personal income tax surcharge on high - income households which yields up to $ 4.5 billion annually.

Reading between the lines, the report raises questions about how much Ulster actually lost during last year's «Cahill Sales Tax Crisis,» which deprived the county of a one percent sales tax surcharge in December and January.

Andrew Siff, of WNBC - TV, asked Speaker Silver whether he believes the legislature should try again next year to pass the income tax surcharge proposed by the mayor.

It's a more modest fundraising figure for the pro-business group that so far this year has remained dormant as Cuomo has sought a decidedly liberal agenda that included a raise in the state's minimum wage and an extension of a tax surcharge on the wealthy.

Thousands of New York state workers stand to lose their jobs while Cuomo has pledged to let expire a temporary income tax surcharge on millionaires, part of a Republican - sounding tax - and - spend policy he has adopted since taking office on January 1.

Governor Cuomo has asked for an extension of a temporary income tax surcharge on New Yorkers making more than a million dollars.

This year, he pushed through aggressive gun - control limits, raised the minimum wage by nearly two bucks, and extended a tax surcharge on millionaires, all the while wrapping up the budget before Easter, which used to be about as common in Albany as kudzu.1 It was his father who famously said (to this magazine, in 1985) that «you campaign in poetry, you govern in prose.»

New Yorkers who earn between $ 300,000 and $ 2 million dollars a year will see their tax rates go back to the rate they were before the current temporary tax surcharge, which ends at the end of the month.

Many Democrats favor extending an income tax surcharge on millionaires when it expires next spring.

Cuomo also has announced that he will allow the state's «temporary» income - tax surcharge on the wealthy to expire as scheduled at the end of this year.

He says the state will likely end its year in balance, though because of Governor Cuomo's and the legislature's decision to continue an income tax surcharge on the rich that took effect on January 1st.

[T] he income tax surcharge that Mayor de Blasio has proposed for the most financially prosperous among us, vested stakeholders in this city, and its critical infrastructure, is a plan all New Yorkers can rally around to meet the long - term needs of our subways.

Ron Deutsch, with the pro tax the rich coalition New Yorkers for Fiscal Fairness, says the tax changes are a partial victory, but he says they will generate less than half the revenue then had the current temporary tax surcharge been simply renewed at the end of the year.

The governor is building on a legislative session in which the budget was passed on time and without renewing an income tax surcharge, and lawmakers passed laws hiking SUNY tuition, legalizing same - sex marriage and capping increases in local property taxes.

When Governor Cuomo convinced the legislature to pass a new temporary income tax surcharge on New York's wealthiest, it was an abrupt policy change from the anti tax views that the governor had advocated as recently as October.

In his budget, Cuomo has proposed extending a temporary income tax surcharge on millionaires when it expires later this year.

Cuomo, who for months resisted renewing New York's temporary income tax surcharge on the wealthy, saying it would hurt the state's competitive edge for business, has now changed his mind.

Everyone has been asked to fill out a detailed questionnaire, which, as CapConf's Jimmy Vielkind has reported, asks for a pledge of support on a host of key WFP platform elements, including: Closing the so - called LLC loophole, a bonus tax or additional income tax surcharge, and extending the rent laws.

Heastie addressed a rally with progressive activists to promote the Assembly Democrats» plan to extend an existing income tax surcharge on millionaires and expand it by adding higher tax brackets for those earning more than $ 5 million, $ 10 million and $ 100 million a year.