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Sales Tax

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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…

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by Michael Mashburn
Politics
Election 2024: Water Quality Proposal Decided By Long Island Voters Election 2024: Water Quality Proposal Decided By Long Island Voters
Election 2024: Water Quality Proposal Decided By Long Island Voters Long Island voters have made their voices heard on a ballot measure aimed at improving water quality. Suffolk County’s Proposal 2 was overwhelmingly approved by a margin of 72 to 28 percent, according to the Suffolk County Board of Elections. It will add a one-eighth of a cent sales tax increase – or 12.5 cents on every $100 spent – to expand the sewer system. It would also provide tax-free grants to Suffolk County homeowners on septic systems to connect directly to the sewer system. Any revenue generated by the new tax can only be used to improve water quality in Suffolk County. Among th…

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by Michael Mashburn
Politics
Election 2024: Here's Closer Look At Long Island's 'Extremely Important' Proposition 2 Election 2024: Here's Closer Look At Long Island's 'Extremely Important' Proposition 2
Election 2024: Here's Closer Look At Long Island's 'Extremely Important' Proposition 2 Our nation’s next president isn’t the only thing being decided this Election Day. Among the key issues that Long Island voters will decide is Suffolk County’s Proposition 2, aimed at improving water quality. If approved, the measure would add a one-eighth of a cent sales tax increase – or 12.5 cents on every $100 spent – to expand the sewer system. It would also provide tax-free grants to Suffolk County homeowners on septic systems to connect directly to the sewer system. Any revenue generated by the new tax could only be used to improve water quality in Suffolk County. Among those urging…

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by Michael Mashburn