Fair 24°
Tag:

Sales Tax

Politics
How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal
How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal New Yorkers could soon see some relief from rising costs. Around 8.6 million taxpayers statewide could stand to benefit from a historic $3 billion in “inflation refund” checks that were proposed by Gov. Kathy Hochul during a speech in the Bronx on Monday, Dec. 9. If approved by lawmakers, the initiative would deliver $300 checks to single taxpayers earning up to $150,000 annually and $500 to joint filers with incomes up to $300,000. The refunds would be funded by surplus sales tax revenue generated during the recent period of high inflations. Hochul said the one-time payments would provide…

SHARE

by Michael Mashburn
News
Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long
Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long Those who purchase any clothing or footwear cheaper than $110 in one Hudson Valley county will not have to pay sales tax thanks to a new piece of legislation.  Effective on Friday, March 1, clothing and footwear under $110 purchased in Putnam County will be exempt from sales tax for two years, officials announced.  The exemption comes thanks to a piece of legislation signed into law by Putnam County Executive Kevin Byrne in 2023. The legislation was passed unanimously by the County Legislature in November as part of a series of initiatives in the 2024 County Budget. …

SHARE

by Ben Crnic
News
Check Your Bill: What To Do If You Are Charged Sales Tax On Home Energy In Westchester Check Your Bill: What To Do If You Are Charged Sales Tax On Home Energy In Westchester
Check Your Bill: What To Do If You Are Charged Sales Tax On Home Energy In Westchester Those who live in Westchester County should check their heating bills to make sure they are not being charged for sales tax, county officials said.  That's because sales tax collection on home energy costs in Westchester County has been suspended through the months of December, January, and February, according to County Executive George Latimer, who is urging residents to make sure this is reflected on their heating bills.  The suspension, which will last until Tuesday, Feb. 28, covers home heating oil, propane, natural gas, electric, coal, and wood for residential heati…

SHARE

by Ben Crnic
News
Sales Tax On Home Energy Costs To Be Suspended In Westchester County, Officials Say Sales Tax On Home Energy Costs To Be Suspended In Westchester County, Officials Say
Sales Tax On Home Energy Costs To Be Suspended In Westchester County, Officials Say A suspension of the sales tax on home energy costs will soon take effect in Westchester County to help residents save some money, county officials announced.  The suspension will start on Thursday, Dec. 1, and last until Tuesday, Feb. 28, County Executive George Latimer announced on Tuesday, Nov. 1.  "As we all face rising costs in our daily lives, this suspension of certain sales tax will add extra dollars to the wallets of those who call Westchester home," Latimer said.  The suspension will cover home heating oil, propane, natural gas, electric, coal, and wood for res…

SHARE

by Ben Crnic
Lifestyle
Westchester County Executive Proposes Gas Tax Cap, Free Bee-Line Buses Westchester County Executive Proposes Gas Tax Cap, Free Bee-Line Buses
Westchester County Executive Proposes Gas Tax Cap, Free Bee-Line Buses Westchester County Executive George Latimer is pushing to make transportation cheaper and more accessible for area residents. During his latest briefing, Latimer announced that he is directing the county’s Bee-Line bus service to suspend fares for riders during the summer until a later date. The free rides are expected to begin on Wednesday, June 1. In addition to the Bee-Line bus announcement, Latimer also threw his support behind suspending gas taxes amid record inflation in record-high prices at the pump. That legislation has been submitted to the Westchester Board of Legislators, he …

SHARE

by Zak Failla
News
This Hudson Valley County Capping Sales Tax On Gasoline This Hudson Valley County Capping Sales Tax On Gasoline
This Hudson Valley County Capping Sales Tax On Gasoline Some financial relief is coming to Hudson Valley motorists as elected officials in one county announce a cap on gasoline sales tax in the region. Rockland County Executive Ed Day and County Legislature Chairman Jay Hood Jr. announced that local sales tax on gasoline will be capped at $2 per gallon amid the record spike in prices at the pump. According to officials, the change means sales tax will only be applied to the first $2 of a gasoline purchase, as opposed to the full gas price. The gasoline tax cap will begin on Wednesday, June 1, and be in effect through Feb. 28, 2023. Furth…

SHARE

by Zak Failla
Business
Here's Why Netflix Bills Are Getting Higher For NYers Here's Why Netflix Bills Are Getting Higher For NYers
Here's Why Netflix Bills Are Getting Higher For NYers Netflix subscribers in New York can expect to see an increase in their upcoming bills. The video streaming giant won’t be raising its monthly fee for all users, but it will begin adding in state and local sales tax for New Yorkers for the first time beginning this month when monthly bills are applied on Wednesday, Dec. 15. The change comes as Netflix prepares to add games to their package, so while streaming services are exempt from those taxes, games are not, prompting the price hike. Netflix’s standard subscription plan costs $13.99 monthly. The state sales tax is 4 percent, and most co…

SHARE

by Zak Failla
News
COVID-19: Westchester Faces 'Serious Fiscal Crisis,' County Executive Says COVID-19: Westchester Faces 'Serious Fiscal Crisis,' County Executive Says
Covid-19: Westchester Faces 'Serious Fiscal Crisis,' County Executive Says Westchester’s finances are in “freefall,” as the novel coronavirus (COVID-19) pandemic has now lasted more than a month and a half, County Executive George Latimer said. Due to the pandemic, the county’s traditional sources of revenue “hang in a field of unknowns,” which has impacted residents and businesses that are suffering financially, Latimer said. “The greatest priority of Westchester County government is the care of the almost one million people who live here during this unprecedented pandemic,” he said. “But, that care comes with a massive price tag as we address the outbreak o…

SHARE

by Zak Failla
Politics
Here's When Westchester Sales Tax Increase Takes Effect Here's When Westchester Sales Tax Increase Takes Effect
Here's When Westchester Sales Tax Increase Takes Effect Shoppers in Westchester will be spending a little more after New York Gov. Andrew Cuomo signed a bill to increase sales tax in county municipalities. Cuomo signed the Westchester Property Tax Payer Protection Act on Sunday, June 30, which will increase sales tax by 1 percent - up to 8.375 - in the county’s 20 villages, 19 towns, and the cities of Peekskill and Rye. It takes effect on Aug. 1. As part of the bill, the property tax levy will remain flat for the next two years. The proposal is expected to help stabilize the county’s finances after losing its AAA rating - the highest r…

SHARE

by Zak Failla
Lifestyle
New York's No. 1 - For Highest Taxes In Nation, According To New Data New York's No. 1 - For Highest Taxes In Nation, According To New Data
New York's No. 1 - For Highest Taxes In Nation, According To New Data A brand-new study has revealed that New York and Connecticut are paying the highest taxes in the country. 24/7 Wall Street released the report reviewing the “total tax burden as a share of income on a per capita basis” to identify the states with the lowest and highest tax burden. Federal taxes were not included in the calculations. The study found that New York led the way as the highest taxed state in the country, with 12.7 percent of income going toward taxes. Connecticut was just being at 12.6 percent. The study’s methodology can be found here. Details from the report include:  N…

SHARE

by Zak Failla
Politics
Latimer Calls For Slight Sales Tax Increase Latimer Calls For Slight Sales Tax Increase
Latimer Calls For Slight Sales Tax Increase Property taxes may soon be frozen, but consumers in Westchester will also be paying an increased sales tax if County Executive George Latimer's plan is enacted. Latimer has proposed “The Westchester County Property Taxpayers Protection Act,” which, if approved, would keep the property tax levy flat for two years, while raising sales tax 1 percent. The proposal would help stabilize the county’s finances after losing its AAA rating - the highest ranking available - in each of the Big 3 rating agencies, last year. “As the bond rating agencies scored us and lowered our bond rating, put us on a …

SHARE

by Zak Failla
Politics
Latimer: Balancing Next Budget Calls For Creative, Tough Decisions Latimer: Balancing Next Budget Calls For Creative, Tough Decisions
Latimer: Balancing Next Budget Calls For Creative, Tough Decisions County Executive George Latimer said balancing next year's county budget requires creative solutions but also some tough decisions. Latimer has introduced his proposed $1.94 billion to the county Board of Legislators, which can revise the budget before its passage next month. In a Wednesday speech before the Business Council of Westchester, Latimer, a 65-year-old Democrat from Rye, said, "That was a fast year." He spoke to the group a year ago after defeating Republican Rob Astorino. Latimer pointed out that he inherited a multi-million dollar budget deficit and depleted reserves but …

SHARE

by Jon Craig