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Tag:
Taxation
Suffolk MA
News
Sports Betting Now Legal In Massachusetts After Gov. Baker Signs Bill
Massachusetts is now the 31st state to legalize sports betting after Gov. Charlie Baker signed the measure into law on Wednesday, Aug. 10. For years, gamblers have driven to New Hampshire and Rhode Island to place their bets. This move ensures that tax money will stay in the Bay State. Though, you'll have to hold on to your money for the time being. Baker said in a statement that it would take a few months for the state implements the new law. "Our administration first filed legislation to legalize sports wagering in the Commonwealth several years ago, and I am glad to be able to sign t…
Warren Hunterdon
Obituaries
Beloved Hunterdon County Native, Penn State Grad Megan Greene Dies After Long Illness, 38
Beloved Hunterdon County native and Penn State graduate Megan Elizabeth Greene died after a long illness on Jan. 6. She was 38. Born in South Plainfield, Greene grew up in Hunterdon County before moving to Connecticut with her family during her high school years, her obituary says. Greene earned a Bachelor’s degree in psychology at Penn State before attending Western Michigan University Cooley Law School, where she earned a law degree. She also earned an LLM in Taxation from Temple University. Greene had worked for several years with the Internal Revenue Service, Office of Taxpayer Advocat…
DV Plus - Fairfield
Politics
Lamont Announces Multi-State Effort To Curb Vaping, Cannabis, Smoking Hazards
After a meeting with the governor of New York on Wednesday, Sept. 25, Gov. Ned Lamont said states are working together to regulate recreational marijuana and vaping products. After meeting privately at Lamont’s official residence, he and New York Gov. Andrew Cuomo announced there will be a meeting of regional partners on Oct. 17 to discuss ways states can come up with some common details for a possible legalized recreational marijuana program, such as taxation rates and what forms of marijuana should be sold. Cuomo said states are getting a lot of confusion and a lot of debate -- but n…
Suffolk NY
Politics
State May Be Softening Policy On New License Plates, Reports Say
Not so fast. New York state officials may be hitting the brakes on the new license plate plans that would have required drivers to pay to replace plates that are more than 10 years old. Under New York Gov. Andrew Cuomo’s plan, beginning on April 1, 2020, if license plates are at least 10 years old, drivers will be charged $25 for new plates, regardless of their current condition. Drivers would also be charged $20 to keep their current license plate number. However, the new license plate, may not be mandatory. The state is now considering letting people keep their current plates as long as…
Mamaroneck
Politics
Internet Abuzz With Speculation Cuomo Rigged New NY License Plate Contest
New York Gov. Andrew Cuomo continues to come under fire for his new license plate design proposal, this time with Internet buzzing with speculation the whole thing is rigged. Last month, the governor announced that he was launching a statewide survey (which has since closed without results being announced) to allow New Yorkers to vote on the design of a new license plate, with each of the five proposals featured Empire State landmarks. One of the plates features the new Tappan Zee Bridge, whose official name, Mario M. Cuomo Bridge, was pushed through by the governor to honor his late fath…
Northwest Dutchess
Police & Fire
New Backlash: Pols Slam License Plate Tax Plan As 'Highway Robbery,' Offer Counter Designs
An upstate Republican lawmaker is mocking New York Gov. Andrew Cuomo’s new license plate design proposal. Assemblyman Chris Tague has launched a survey to allow New Yorkers to select Cuomo’s newest custom license plate design. The voting opened this week and will run through Friday, Sept. 13. Last week, the governor announced the license plate replacement program. Beginning on April 1, 2020, if license plates are at least 10 years old, drivers will be charged $25 for new plates, regardless of their current condition. Drivers would also be charged $20 to keep their current license plate num…
Suffolk NY
Politics
NY Homebuyers Rush To Close Contracts Before Mansion Tax Hike Kicks In
Homebuyers in New York are rushing to close contracts by the end of this month to avoid paying the city’s updated “mansion tax,” which increases starting July 1. The mortgage closing tax previously took 1 percent from sales of $1 million or more. The tax will now rise incrementally from 1.25 percent for $2 million to $2.99 million, 1.5 percent for $3 million to $4.99 million, ultimately up to 3.9 percent for mansions selling for $25 million and above. City government has promised that the new revenue -- projected as $365 million annually -- will be used to improve the aging subways. …
DV Plus - Fairfield
Politics
Will Hospitals, Capital Gains, Soda Be Taxed To Balance State Budget?
Connecticut's state legislative session is coming to a close. While there are still many uncertainties, electronic tolls is not one of them. “My first priority is to get an honestly balanced budget done on time,” Gov. Ned Lamont said. Lamont's amended two-year, $43 billion budget plan includes: -- Hundreds of millions of dollars in across-the-board tax hikes, -- A plan to shift the rising cost of teachers' pension onto cities and towns, -- A 1 percent tax hike on food sold in restaurants and other ready-to-eat meals, -- A 2 percent surcharge on capital gains taxes, raising up to $20…
Mount Pleasant
Politics
NY Lawmakers Vote To Release Trump's State Tax Returns To Congress
New York State lawmakers are one step closer to gaining access to President Donald Trump’s state tax returns. The New York State Assembly passed legislation on Wednesday, May 22 which would amend the law to allow the state Department of Taxation and Finance to release the tax returns of elected officials. The bill is expected to be signed into law by Gov. Andrew Cuomo later this month if it also passes in the Senate. It was approved by an 85-49 vote in the Assembly. The legislation only applies to state returns, not federal returns, which have also been at the center of the battle between …
Mount Vernon
Politics
After Weeks Of Consternation, Mount Vernon City Council Approves 2019 Budget, Again
After seeing their approved budget vetoed, the Mount Vernon City Council pulled a veto of their own, overriding Mayor Richard Thomas’ veto and passing a $112 million with a near 2 percent rise in taxes. The City Council voted four to one on Wednesday night to uphold a budget that was passed earlier this month, despite protestations and dissent from Thomas. The newly approved spending plan will see the average taxpayer spending approximately $77 more this year. The passage comes after weeks of contention between Mount Vernon Mayor Richard Thomas, Comptroller Deborah and the City Council over …
Mount Pleasant
Business
Popular Sports Bar In Westchester Seized, Closed For Not Paying Taxes
Fans of a popular Westchester sports bar were met by a locked door on Wednesday after the business was seized by the state for nonpayment of taxes. According to the New York State Department of Taxation and Finance, Chuggers in New Rochelle was seized on Tuesday, Jan. 8 for not paying more than $9,000 in back taxes, said James Gazzale, a spokesman with the department. But the seizure doesn't mean the end of the favorite drinking hole. Gazzale said the state had "seized the property," but the department always works with the owners in hopes of payment of the back taxes. "We work with t…
North Salem
News
Sprint Must Pay Record $330M Settlement To New York
Sprint has agreed to pay a record $330 million settlement to end a long-running tax dispute with New York, for “flagrantly breaking the law,” the state attorney general announced on Friday. The lawsuit alleged that for nearly a decade, Sprint “knowingly failed to collect and remit more than $100 million in state and local sales taxes owed on its flat-rate wireless calling plans sold to New Yorkers.” According to AG Barbara Underwood, the $330 million settlement is the largest-ever recovery resulting from an action filed under the New York False Claims Act. It is also the largest recovery by…
White Plains
Politics
County Taxpayers Being Unfairly Targeted, Schumer Says In Westchester Visit
Standing with Westchester County homeowners, U.S. Senate Minority Leader Charles "Chuck" Schumer called on the IRS on Monday, June 25 to treat fairly a new state law aimed at reducing taxes. In a letter to the IRS' acting commissioner, Schumer asked the federal agency to support the state law, which enables cash-strapped New Yorkers to ease the tax burden caused by a federal tax bill that capped State and Local Tax (SALT) deductions at $10,000. New York tax law would allow residents to receive more tax credits for charitable donations to help reduce state and federal taxes. Sc…
Paramus
Lifestyle
Gov. Murphy Makes Rare Exception For Aspiring 5th Grade Paramus Reporter
Governor Phil Murphy took no questions from the press Wednesday in Paramus at his first town hall meeting since taking office. Except for one. Meet Jack: a fifth grader at West Brook Middle School. The governor knew he was in the audience, diligently taking notes in his notebook. "I know there is a reporter named Jack in this audience," the governor said after addressing the main points of his budget proposal. "Jack, please raise your hand." The aspiring journalist's hand shot up and the governor made his way over to him. "Jack, what's your question?" Wea…
