Friday, 22 March 2013 00:00
I’m pleased to announce a package of tax relief and reform measures to give an economic boost to New York taxpayers. The current proposal is in line with my previous efforts to provide Nassau taxpayers with meaningful relief during these difficult economic times.
The 2013 Family Tax Relief Act would provide a major economic boost to New York’s middle class families, and seeks to restore the STAR Rebate Check Program to provide real and direct relief to millions of New Yorkers who pay some of the highest property taxes in the nation.
Having already been successful in lowering the State’s income tax rates and repealing the MTA Payroll Tax, I went to work on a plan to provide taxpayers with more tax relief by increasing tax breaks and restoring the STAR rebate check program.
The tax breaks, in some instances, have not been adjusted for over 25 years. The time to adjust is now, since New Yorkers, particularly heavily-taxed Long Islanders, are in need of tax relief as costs continue to rise.
The 2013 Family Tax Relief Act would also restore the STAR property tax rebate check program to provide real and direct relief to millions of New Yorkers who pay some of the highest property taxes in the country. (The STAR rebate checks are separate from the STAR or Enhanced STAR exemptions which many residents already receive. These rebates, were eliminated in 2009, when the Senate was controlled by Democrats, and which were eliminated over my strenuous objections).
The Senate plan would: more than double the value of the Dependent Exemption; increase the Child Tax Credit and provide an additional $500 child tax credit; increase the value of the Dependent Care Credit; and restore STAR property tax rebates.
The Family Tax Relief Act includes the following:
—Increase the Dependent Exemption from $1,000 to $2,020 per dependent;
—Allow a subtraction from gross income for each dependent the taxpayer claims;
—Dependent Exemption was last increased in 1987.
—The Dependent Care Credit, which is a percentage of the federal credit, allows taxpayers a tax credit for the expenses incurred for the care of a child;
—Dependent Care Credit last increased in 1999;
—The plan will increase the percentage range of the federal child care credit that parents can receive, from 20 percent to 110 percent (depending on income), to 27 percent to 150 percent of the federal child care credit.
—Increase the maximum Child Tax Credit from $330 to $375 to adjust for inflation;
—Child Tax Credit last amended in 2006;
—The plan increases the Child Tax Credit from 33 percent of the federal child tax credit to 37.5 percent;
—In New York State, married-joint filers with income less than $130,000 (federal), who have a child that is between the ages of 4 and 16, can receive the credit;
—Provide an additional $500 Child Tax Credit per family.
—Restore STAR Rebate Check Program to provide an estimated additional $1.3 billion in tax relief;
—This will provide real and direct relief to millions of people across the state, including seniors and middle class families.
Restoring STAR Rebate Checks would provide an additional total of approximately $1.3 billion in tax relief. For Nassau County residents with incomes up to $120,000, the average STAR Rebate Check would be $685, and everyone with an income up to $250,000 would receive an average check for $343. The average enhanced STAR rebate check for Nassau County seniors would be $725.
These proposals would build on my record of providing tax relief to middle class families, especially through the historic property tax cap which finally put the brakes on skyrocketing property taxes, and the 2011 middle class tax cut that reduced income tax rates to the lowest levels in more than half a century.
Wednesday, 04 December 2013 00:00
It is widely known that the day after Thanksgiving, “Black Friday,” is one of the busiest shopping days of the year. But since 2010, “Small Business Saturday” has become an increasingly popular day for both consumers and local mom-and-pop stores. The Village of Roslyn was bustling this past Saturday as shoppers took advantage of discounted prices and free parking in the downtown area.
“We have been busy all day,” said Jill Scherer, owner of Jill Scherer Ltd, a boutique that sells women’s clothes, makeup and gifts. “Since we opened this morning we’ve had a lot of customers come in to take advantage of our discounted items on sale.”
Friday, 29 November 2013 00:00
Over a decade ago, and in response to the Stop & Shop controversy, the Village of Roslyn Board of Trustees drafted and approved a Master Plan for future village construction.
Now, the village is taking another step forward in realizing a coherent development plan, this one concerning downtown Roslyn. At the November meeting, the board began discussions on amendments to the municipal code to create both a Waterfront Development Overlay District and a Waterfront Mixed Use District.
Thursday, 28 November 2013 00:00
Now that the Roslyn Bulldogs football season is over, let’s review some final numbers for that championship season.
All year long, the Bulldogs’ explosive offense relied on the heroics of quarterback Adam Combs, plus running backs Thomas Davis, Alex Epprecht and Chris Snipes and wide receiver Isaiah Hunter.
On the ground, Davis had 626 yards on 84 carries, while Snipes was close behind with 558 yards on 83 attempts. Senior star Alex Epprecht pitched in with 290 yards on 35 carries, while Combs, a threat both running and passing had 66 yards on 20 rushes. Davis and Epprecht had four touchdowns, while Snipes hit pay dirt three times.
Thursday, 21 November 2013 00:00
It’s not just the Roslyn High School football team that had a great year this past fall,
The Roslyn Marching Bulldogs continued to add to their reputation as one of the top high school bands in the New York metropolitan area.