Sentences with phrase «temporary surcharge»

On the other hand, he just acted in March to extend so - called temporary surcharges on utility bills and high - income individuals that were supposed to expire, which will cost billions of dollars for businesses and the wealthy investors who finance them.

What started out as a small, off - budget, temporary surcharge on insurance to help pay for charity care, hospital debt and graduate medical education as New York hospitals deregulated in the late 1990s, has ballooned over 19 years into a multibillion - dollar all - purpose revenue fund that supports dozens of public health programs, and plugs billion - dollar holes in the state's general budget.

The top rate is currently 6.85 percent, although millionaires face a temporary surcharge up to 8.82 percent through 2017.

Queens State Senator Michael Gianaris, who has authored the legislation that would offer between $ 6 billion and $ 7 billion over three years through a temporary surcharge on those earning more than $ 1 million annually, said that the governor, the mayor and Senate Republicans all agree that the MTA is under - funded.

One, A1928, would make rent increases for major capital projects a temporary surcharge so that tenants could pay off the costs of improvements rather than having permanent increases in rent.

Those highest earners will pay an 8.2 percent rate, up from the 6.85 percent they would have paid beginning Jan. 1 after a temporary surcharge expires.

Cuomo and legislative leaders said the agreement cuts or maintains all tax rates compared to the current tax code, which includes a temporary surcharge on New Yorkers making more than $ 200,000.

«The millionaire's tax was supposed to be a temporary surcharge to get the state through a post-recession fiscal crisis,» Wylde said.