Laws & Taxes

Laws & Taxes

Governor Cuomo Announces Nearly $400,000 For Local Government Dissolutions and Consolidations

Governor Andrew M. Cuomo today announced nearly $400,000 through nine Local Government Citizens Reorganization Empowerment Grants to assist upstate New York municipalities with government reorganizations. Six towns and three villages received grants to implement shared services initiatives and to explore dissolutions and consolidations in order to reduce local taxes and streamline government operations.

Collins and New York State Leaders Praise Inclusion of NYS Property Tax Reduction Language...

Congressman Chris Collins (NY-27) today hailed the inclusion of his amendment to the House passed American Health Care Act into the Senate version of the bill. The amendment, introduced with Congressman John Faso (NY-19), would require New York State to take over the county portion of Medicaid by 2020 and would provide the largest property tax reduction ever to Western New York.

Sullivan County Tax Foreclosure Auction Is June 14-15

The 2017 Sullivan County Real Estate Tax Foreclosure Auction will be held Wednesday, June 14 and Thursday, June 15 at the Ramada Rock Hill at 283 Rock Hill Drive in Rock Hill, NY. Sullivan County Treasurer Nancy Buck urges potential bidders – especially first-time bidders – to attend a Bidder’s Seminar on Monday, June 12 at 7 p.m. at the same location.

SARATOGA & CAPITAL REGION HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY...

Standing with Saratoga County homeowners and amidst rising local anxiety, today U.S. Senate Minority Leader Charles E. Schumer launched a push to preserve popular, but increasingly at-risk tax deductions Saratoga homeowners and taxpayers depend upon to keep the Capital Region’s cost of living in-check. Whether new Saratoga homeowners, longtime owners, or those looking to buy right now, Schumer said locals are in tax jeopardy as newly-confirmed U.S. Treasury Secretary Mnuchin has suggested threats to mortgage, state and local property tax deductions.

SYRACUSE HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN...

Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at-risk tax deductions: the mortgage interest deduction and the state and local property tax deduction

Long Island County Executives Endorse Governor Cuomo’s Proposal to Empower Voters to Reduce Property...

Long Island County Executives today endorsed Governor Cuomo's plan to reduce property taxes by empowering voters to approve locally-designed plans that deliver shared, coordinated services and lower the cost of local government. The Governor’s groundbreaking proposal would require county executives to convene local government to meetings to develop shared service plans that reduce duplicative spending and find real, recurring property tax savings.

A.G. Schneiderman Sues Company For Allegedly Scamming Thousands Of Homeowners Seeking Property Tax Relief...

Attorney General Eric T. Schneiderman today announced a lawsuit against STAR Exemption Advisor, YCA Corp. and its business owner Arie Gal, for allegedly scamming thousands of new homeowners out of at least $1.5 million by charging them excessive fees to enroll them in the Basic STAR Exemption Program, which is otherwise free.  The lawsuit, filed in Nassau County Supreme Court, seeks to provide full restitution to all those affected, and a complete accounting to identify all consumers who are entitled to such refunds. The lawsuit also seeks additional costs, damages, and to permanently enjoin the respondents from marketing any Basic Star rebate or property tax reduction services within the State of New York

New Yorkers call on Governor Cuomo and Legislature to assist first-time homebuyers

According to results from a Homeownership Poll conducted by the Siena Research Institute (SRI), 84 percent of New York voters supported the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state

Governor Cuomo Announces Groundbreaking of $17 Million Mixed-Use Housing Development in New York City

Governor Andrew M. Cuomo today announced the groundbreaking of a $17 million housing development in Jamaica, Queens. The mixed-use housing development will feature 44 units and provide tenants with behavioral health concerns a number of supportive mental health services to promote independence and self-sufficiency. The development is expected to be completed by late 2018 and will be operated by Transitional Services for New York, Inc

Go Green, Get Green: NYS Tax Department Reminds New Yorkers of Solar Energy Systems...

The New York State Department of Taxation and Finance today announced that New Yorkers have claimed more than $38 million with a tax credit available to those who’ve installed solar energy systems at their primary residence. Between 2012 and 2014, claims for the Solar Energy Systems Equipment Credit increased 194%. The Tax Department received 9,041 claims for the credit in 2014, up from 3,074 in 2012

NYS Veterans: Claim Your Benefits from Local Property Tax Exemptions

The New York State Department of Taxation and Finance today reminded veterans to take advantage of the valuable year-round tax exemptions and credits available to them, their families, and employers

SUNY-Purchase Fire Shows Need for New York To Mandate Fire Sprinklers In College Dorms

A recent fire at a State University of New York (SUNY) at Purchase College student housing building has spotlighted the importance of requiring all college dormitories to have automatic fire sprinklers, according to leaders of the New York Fire Sprinkler Council, a division of the Mechanical Contractors Association of New York

Mangano Helps Homeowners File For Property Tax Relief With October Workshops

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in October at libraries and community meeting halls throughout Nassau County.

Ulster County Executive Mike Hein’s Proposed 2017 County Budget Once Again Reduces Property Taxes

Ulster County Executive Mike Hein chose a vacant classroom in the County-owned Business Resource Center (BRC) to deliver his 2017 Executive Budget.  The proposed spending plan calls for reducing the tax burden and protecting property taxpayers again this year yet maintains essential services and continues unprecedented investment in the County’s infrastructure. 

Mangano Helps Homeowners File For Property Tax Relief With September Workshops

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in September at libraries and community meeting halls throughout Nassau County.

Governor Cuomo Announces $29.7 Million in Grants for North Country Water Infrastructure Improvements

Governor Cuomo today announced $29.7 million in grants to support 18 critical municipal water infrastructure projects in the North Country. These grants are part of the second round of NYS Water Grants funded through the state’s highly successful Water Infrastructure Improvement Act

Ulster County Executive Mike Hein Signs Local Laws To Increase Property Tax Exemptions For...

Ulster County Executive Mike Hein signed into law legislation that he previously proposed to enhance real property tax exemptions available to Ulster County Veterans. Based upon new exemption levels recently adopted by the New York State Legislature, this legislation ensures that Ulster County continues to grant its Veterans the most up-to-date exemptions allowable under New York State Real Property Tax Law.

Mangano Helps Homeowners File For Property Tax Relief By Offering July Workshops

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in July at libraries and community meeting halls throughout Nassau County

As Grievance Day Approaches, NYS Tax Department Reminds Property Owners to Check Assessments

The New York State Department of Taxation and Finance today reminded property owners—homeowners and businesses—that now is the time to review their assessments.

NYPA, OGS COMPLETE ENERGY EFFICIENCY PROJECTS AT EMPIRE STATE PLAZA AND HARRIMAN CAMPUS

The New York Power Authority and Office of General Services have completed energy efficiency projects at Empire State Plaza and the Harriman State Office Campus that will save $760,000 in annual energy costs and remove more than 5,700 tons of greenhouse gases every year, the equivalent of taking nearly 1,200 cars off the road

NYS HCR & Tax Department Urge Eligible New Yorkers to Combine Their Tax Refunds...

Recipients of the Earned Income Tax Credit (EITC) May Also Be Eligible for NYS’s First-Time Homebuyer Assistance. More than 1.5 Million New Yorkers Receiving the EITC are Income-Qualified for a SONYMA Mortgage and Down Payment Assistance Loan

Ulster County Executive Mike Hein Proposes Local Laws To Increase Property Tax Exemptions For...

Ulster County Executive Mike Hein today announced two proposed local laws enhancing the property tax exemptions Ulster County currently grants to its Veterans. Based upon new exemption levels recentlyadopted by the New York State Legislature, this legislation ensures that Ulster County continues to grant its Veterans the most up-to-date exemptions allowable under New York State Real Property Tax Law

REED REDUCES LOCAL TAX BURDEN

Tom Reed was joined this afternoon by the superintendents of the Gowanda, Lake Shore, Salamanca and Silver Creek school districts to announce that those four districts will collectively receive more than $6 million in Federal Impact Aid in 2016. Impact Aid compensates local schools for “substantial and continuing financial burden” resulting from federal activities such as when Native American populations and activities adversely impact the local tax base. This is why aid is available to these school districts.

Empire State housing market posts highest November sales total since 2009

Closed home sales in New York State jumped 7.1 percent in November 2015 compared to last November, reaching the highest total for the month in six years, according to the housing market report released today by the New York State Association of REALTORS®. Key housing market measures including median sales price and pending sales also grew in November

Higgins Says Solar Tax Credit is Big Win for Western New York

Standing outside of SolarCity’s new solar panel manufacturing site currently under construction in Buffalo, Congressman Brian Higgins (NY-26) discussed the recently approved extension of the Solar Investment Tax Credit (ITC) and the impact it will have on Western New York

Popular Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).