TAX BREAKS FOR MOVIE STUDIOS = Big bucks, no impact

TAX BREAKS FOR MOVIE STUDIOS = Big bucks, no impact

BY E.J. McMAHON Originally published by NY Torch The billions of dollars funneled from New York’s treasury to movie and TV producers had no statistically significant impact on the industry’s employment in the Empire State through 2017, according to a new multi-state study of such tax incentives. Study author Michael Thom, an associate professor at […]

County Executive’s Corner: “What Could Have Been”

County Executive’s Corner: “What Could Have Been”

By County Executive Ed Day Picture this; Rockland County has increased its surplus to levels not seen since the early 2000s, our bonds are ranked in the A-category by ALL the major credit rating agencies, saving tax payer dollars on our needed infrastructure projects and we have just announced the 2020 Proposed Budget with a […]

County Executive’s Corner: “Comptroller Agrees”

County Executive’s Corner: “Comptroller Agrees”

By County Executive Ed Day Earlier this week we received more good news in respect to the 2019 Proposed Budget. The New York State Comptroller’s Office found that, “the significant revenue and expenditure projections in the proposed budget are reasonable.” As one of the conditions of our deficit bond we must submit our proposed budget […]

A SALT cap surprise (so far)

A SALT cap surprise (so far)

BY E.J. McMAHON From the Empire Center The newly enacted federal income law provision limiting state and local tax (SALT) deductions “is likely to substantially decrease home values” in New York, Connecticut, Maryland and New Jersey. So claims a federal lawsuit filed by those four states against the Trump administration with the goal of having the $10,000 […]

Carlucci’s Column: Utility companies should send us a rebate check

Carlucci’s Column: Utility companies should send us a rebate check

BY STATE SENATOR DAVID CARLUCCI President Trump’s tax law will have many negative effects for New York. It will hurt hardworking taxpayers and help corporate giants. Our utility companies will have their corporate income taxes slashed from 35 percent to 21 percent generating a major windfall at the expense of customers. The Public Service Commission […]

TAX TIPS: Tax Season Filing Due Dates

TAX TIPS: Tax Season Filing Due Dates

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman & Co. LLC A set of reminders for your 2017 individual return as the deadline nears: The filing due date is April 17 this year because April 15 is on a Sunday and Washington, D.C., observes its Emancipation Day holiday on April 16. There are a few ways to get a six-month extension if you […]

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