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.
Thursday, 30 October 2014 00:00
Donald Barrick, Life’s WORC Board Chairman announced that Janet Koch has been hired as the new Executive Director of Life’s WORC, a Garden City-based 501(c) (3) not-for-profit corporation. Koch assumes this leadership responsibility as Peter Smergut retires after 20 years in this position. After a thorough and extensive executive search process, the Life’s WORC Board is confident Koch has the vision and skills consistent with the needs of the organization. She will assume her position as executive director on Monday, Nov. 3.
Sunday, 26 October 2014 00:00
Holiday shopping at Resurrection’s Christmas Fair combines fine quality, handmade gift items at reasonable prices. Members of Resurrection Lutheran Church have worked all year to create Christmas decorations, ornaments, and gift items. Beautiful table runners, scarves, hats, baby quilts, doll clothes for 18-inch dolls, and hand-painted wooden items are affordably priced to suit any budget. Find unique gifts for that special someone. Other displays feature jewelry, toys, books, games, baked goods, and treasures at the White Elephant Sale.
Net proceeds go to support mission work at Resurrection and The Life. Additional funding is awarded through Care Abounds in Communities, of Thrivent Financial for Lutherans.
Thursday, 23 October 2014 09:43
With the fall sports season upon us, the department of recreation and parks would like to remind all residents that pets are not allowed in any neighborhood parks, Community Park, or St. Paul’s fields. Non compliance with this rule will result in the issuance of appearance tickets.
Register For The Online Registration Option
Garden City’s Department of Recreation and Parks will offer the option of online registration with credit card payment beginning with its winter programs in early December.
In order for a family to use the online registration option, the family will first need to visit the recreation and parks office at 108 Rockaway Ave. to verify residency and their family information and receive their password. A list of instructions as to how to use the website will be included.
Thursday, 09 October 2014 09:22
Prior to the start of high school running season, Garden City’s Physical Therapy Options (PTO) had an opportunity to provide a presentation to members of Sacred Heart Academy’s cross country team. Team members gathered at Garden City’s New York Running Company to learn strategies and tips for a successful fall season.
PTO staff members Dr. Meghan Goetz, Doctor of Physical Therapy, and PTO Aide Mike Murphy discussed the importance of stretching to prevent injury and provided strategies and tips for success for the high school runner.