Monday, March 23, 2015
Sunday, January 18, 2015
Tuesday, December 09, 2014
By Beth Fertig
Thursday, March 13, 2014
By Yasmeen Khan
Legislative leaders in Albany appear to agree that Mayor Bill de Blasio won't get his tax plan to fund pre-kindergarten and after-school programs, but that he should get all of the money he was asking for.
Monday, February 17, 2014
After decades in California the "Tonight Show" is back in New York City and will make its debut this evening. Like many TV programs and movies, the show benefits from tax incentives to film in New York. In this case, one tailor-made for the program.
Monday, July 29, 2013
Congress is undertaking broad reform of the tax code—potentially to the tune of trillions of dollars. As Senators prepare their input for tax code reform, they are promised complete confidentiality for their proposals. All records of suggestion will be stored under lock and key in a National Archives vault for the next 50 years. Takeaway Washington correspondent Todd Zwillich explains.
Friday, May 17, 2013
The IRS scandal continues to plague the Obama Administration. In part because of the Supreme Court’s ruling in the 2010 Citizens United case, applications for tax-exempt status have increased dramatically over the past few years. Ken Gross, election law expert at and former counsel to the Federal Election Commission, explains the qualifications for tax-exempt status, and the political benefits.
Wednesday, April 24, 2013
The Senate remains poised to pass the Marketplace Fairness Act, which would allow states to require online retailers to collect sales taxes that could add an estimated 11 billion dollars of currently uncollected sales tax revenue. The bill exempts retailers who have under $1 million in Internet sales, but plenty of small online retailers who will be subject to this new law say it's creates an impossible burden for them.
Tuesday, March 26, 2013
By Karen DeWitt : NYS Public Radio/WXXI
The new state budget that lawmakers plan to enact this week contains a tax package that includes both tax breaks and tax increases. The spending plan comes just two months after Governor Cuomo said there would not be any new taxes in the budget.
Wednesday, January 02, 2013
By Kate Hinds
After a year of lobbying, transit advocates finally won.
As part of legislation passed Tuesday, pre-tax benefits for transit are now on par with parking benefits. Individuals who get commuter benefits from their employers can now look forward to (about) $240 a month. The measure is particularly meaningful to suburban commuters, who can easily spend more than that amount on transit.
The back story: on December 31, 2011, legislation equalizing transit benefits expired. So for 2012, transit riders received a $125 monthly benefit, although parking remained at $240--a thorn in the side for politicians from transit-dependent states. Last March, New York Senator Charles Schumer authored legislation to re-equalize the benefit, but it wasn't acted on until the fiscal cliff negotiations.
Transit advocates hailed the legislation. "We've been pushing for transit equity for months," said Rob Healy, vice president of the American Public Transportation Association. "From our perspective, we felt it was very, very important that the federal tax code not bias one mode versus another." He added: "You shouldn’t be making your choices based on a tax code which treats parking better than it does transit."
Veronica Vanterpool, the head of the Tri State Transportation Campaign, which advocates for transit riders in New York, New Jersey, and Connecticut, said when the benefit expired, "it was a de-facto tax increase for transit commuters. It's ludicrous that Congress would incentivize driving over public transportation. So we are particularly pleased that this was restored...we know a lot of our region's senators have really pushed for that."
Vanterpool said about 700,000 people in the tri-state region take advantage of the benefit. And: it's retroactive to January 1, 2012, although the mechanism for calculating those past benefits hasn't yet been determined.
But the current benefit also expires at the end of 2013 -- meaning transit advocates must begin spooling up again.
“It is our hope that in the new Congress, legislation will pass to make the public transit commuter benefit parity permanent,” said APTA president Michael Melaniphy. Vanterpool echoed that sentiment. "Moving forward," she said, "we need to make sure this is a permanent restoration and that we're not dealing with this battle every year."