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Politics
State May Be Softening Policy On New License Plates, Reports Say State May Be Softening Policy On New License Plates, Reports Say
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…

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by Zak Failla
Politics
Internet Abuzz With Speculation Cuomo Rigged New NY License Plate Contest Internet Abuzz With Speculation Cuomo Rigged New NY License Plate Contest
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…

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by Zak Failla
Police & Fire
New Backlash: Pols Slam License Plate Tax Plan As 'Highway Robbery,' Offer Counter Designs New Backlash: Pols Slam License Plate Tax Plan As 'Highway Robbery,' Offer Counter Designs
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…

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by Zak Failla
Politics
NY Homebuyers Rush To Close Contracts Before Mansion Tax Hike Kicks In NY Homebuyers Rush To Close Contracts Before Mansion Tax Hike Kicks In
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. …

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by Jon Craig
Politics
NY Lawmakers Vote To Release Trump's State Tax Returns To Congress NY Lawmakers Vote To Release Trump's State Tax Returns To Congress
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 …

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by Zak Failla
News
Sprint Must Pay Record $330M Settlement To New York Sprint Must Pay Record $330M Settlement To New York
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…

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by Zak Failla
Politics
County Taxpayers Unfairly Targeted, Schumer Says In Hudson Valley Visit County Taxpayers Unfairly Targeted, Schumer Says In Hudson Valley Visit
County Taxpayers Unfairly Targeted, Schumer Says In Hudson Valley 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…

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by Jon Craig