Written by Senator Kemp Hannon 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 Dependent Exemption
• 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.
Increase Dependent Care Credit
• 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 Child Tax 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 Property Tax Rebate Checks
• 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.
Saturday, 20 September 2014 00:00
Have you considered adding running to your exercise regimen but not sure how to get started? Are you concerned about past injuries? Runners, from experienced to beginner, are sidelined every year due to injury. Physical Therapy Options (PTO) wants to help runners get off to a great start this fall and is pleased to offer the community an opportunity to receive a free comprehensive “Running Analysis.”
Physical Therapist Lisa Coors, founder of PTO, views this offering as part of PTO’s mission to help patients live a balanced and healthy lifestyle.
Friday, 19 September 2014 00:00
Yard sale announced
The Garden City Bird Sanctuary/Tanners Pond Environmental Center recently announced its annual Fall Benefit Yard Sale. The sale will be held on Saturday, Oct. 4, from 9 a.m. to 3 p.m., located outdoors inside the front gate at the sanctuary. Vendors are being sought. A 10 x 17 foot selling area is $45 for the day. (Includes space for selling & space to park one car next to selling space)
Thursday, 18 September 2014 00:00
The Garden City Recreation Department’s Dance Conservatory Program is pleased to announce the start of registration for its upcoming 2014-15 season. Director Felicia Lovaglio, along with Mary Searson and the rest of her staff, are excited to start off another fantastic year. The dance conservatory offers classes to Garden City residents ages 3 through adult which are non-performance based. Age is determined by the start date of the desired class.
Note: Registration is by mail only until Sept. 23. Participants MUST be the required age by the start of the program in order to register.
Each session costs $220 for 22 weeks of class. The schedule and fees for this year’s youth classes are as follows (all classes are 55 minutes long unless otherwise noted):
Thursday, 11 September 2014 00:00
Fall Children’s Tennis Classes
Registration for the start of the Fall 2014 Indoor Tennis Program for Children has begun at the Community Park Tennis Center. Walkins and non-resident children attending Garden City Public Schools* will be accepted beginning Sept. 11. Please make checks payable to the “Inc. Village of Garden City." Please note—classes are not considered day care and can not be declared for tax exemption.
* Non resident children who would like to register for the tennis program must prove they attend one of the Garden City Public Schools. Proof must accompany registration. An additional $50 fee will pertain to anyone in this category.
10 weeks of classes—classes will begin Thursday, Sept. 18