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, 19 July 2014 00:00
On Saturday, July 26, all roads lead to Lutheran Church of the Resurrection and the magical merry world of trains at the 4th Annual Christmas In July Fundraiser. Festooned with glittering lights, the gym will be transformed into a winter wonderland of delight as you enter a snow-flurry world of inflatable Santas, reindeer, snowmen and mysterious nutcrackers—replete with holiday songs and music.
Rediscover the joy of childhood with a dazzling display of classic model trains from Resurrection’s own collectors and hobbyists: Jay Campson, Doug Hoffmann, Doug Kurz, Joe Mecchella, John and Jim Mesloh, Ken Meyn, and Gerhardt Muller.
Friday, 18 July 2014 00:00
The ballroom of the Garden City Country Club was packed with Rotarians, family, friends and associates of Suzie and Robert (Rob) Alvey as they were recently honored with the Mineola-Garden City Rotary Club’s 24th annual “Community Service Award.” Both residents who were raised in Garden City, the Alveys have been recognized many times over as integral members of the community. Suzie Alvey is a professional artist, writer, award-winning photographer, and board member of the Garden City Historical Society. She was appointed village historian by Mayor John Watras in 2013. Alvey’s paintings and drawings are in private collections throughout the United States and internationally and can be locally viewed at village hall and at the Garden City Chamber of Commerce Toll Lodge.
Thursday, 17 July 2014 00:00The Best Secret In Town!
Did you know that each of our neighbor hood parks runs a playground program every summer? Children entering 1st through 8th grades who are residents of the Village are invited to come to the park during the summer to find out what activities are taking place.
Each park has its own “flavor” and “favorite” activities. The park directors and their staff run games, sports, tournaments, and arts and crafts activities during the day and into the evening. Trips are also run through the parks.
Thursday, 10 July 2014 00:00
The Seventeenth Annual Jay Gallagher Memorial Lacrosse Tournament recently took place on Garden City’s lacrosse fields. The ‘Gallagher’ has been a key fundraiser, with well over $750,000 collected throughout the years for the Andy Foundation, the Mollie Biggane Melanoma Foundation, the Miracle Foundation and the Cancer Center for Kids at Winthrop University Hospital.
With more than 120 teams and 5,000 players, coaches and fans from the tri-state area, the annual tournament provided high level competition in both the boys and girls groups from the third grade up to and including the eighth grade.