Mayor Michael Bloomberg who uses his office to promote a healthier lifestyle for New Yorkers – urged Albany to tax sugary drinks by one cent for each ounce in his weekly radio address this morning. He estimated a nearly $1 billion windfall from the tax, which Gov. Paterson considered in the past but dropped amid [...]
New York tax officials are going to try to shame the top tax delinquents into paying up. The Department of Taxation and Finance has begun posting the state’s top 250 business and top 250 individual tax debtors on the department’s website. At the beginning of each month, the Tax Department will examine the records of [...]
State Senate Democrats lit a fire under Gov. Paterson Thursday to collect taxes from cigarettes sold on Indian reservations. The group argued that bootleg cigarettes bought at Indian reservations and sold on the street at a steep discount cost city bodegas, grocery stores and newstands $250 million a year in lost business – and $30 [...]
Four members of the Assembly minority announced earlier today they signed a “tax-free” pledge, promising to vote down any increases in state taxes contained in the 2010 budget. Gov. David Paterson will release his 2010-11 budget proposal on Tuesday and lawmakers have to adopt a spending plan by April 1. The pledge, open to both [...]
Ever since Lehman Brothers filed for bankruptcy last September, creditors have been lining up to get their share, from a $233 million claim from a former employee for deferred compensation to one for $160 for a bounced check from the American Red Cross in Millburn, N.J. Add to that list a longtime friend and defender [...]
New York City shoppers started paying sales tax of nearly 9 percent Saturday when a half a percent rise kicked in. It’s the first permanent raise in the tax in over 35 years. The city introduced the tax to counteract economic woes brought on by the recession, hoping to raise $950 million a year additional [...]
Hanqi Miao said she wanted to donate her eggs to help infertile couples reproduce, but she acknowledged the money is good, too: She said she’ll be paid about $5,000. “Who doesn’t want money in your hand?” said the 21-year-old woman, who will have to undergo hormone treatments that could abnormally swell her ovaries to the [...]
New York’s economic slump continues, with some of the wealthiest taxpayers moving out of state or making less money and sales tax revenues dropping by a historic amount, a state budget report released Thursday shows. The new report from the Division of Budget shows trends combining to create a $2.1 billion deficit just three months [...]
The Mayor’s office of Film and Television has announced that as of Tuesday, June 30, 2009, New York City’s “Made in NY” tax credit for qualified film and television production – the only one of its kind administered by a city in the US – has reached its full allocation of $192.5 million and funds [...]
By a 37 to 10 vote, the New York City Council on Monday called on the State Legislature to raise the city’s share of the sales tax to 4.5 percent from 4 percent, a move that is expected to raise $518 million in the fiscal year that starts next month and help alleviate some of [...]
