Wednesday, Nov 14th

Last updateWed, 14 Nov 2018 6pm

You are here: Home Content Neighborhood News Assemblywoman Amy Paulin to Introduce Bills to Alleviate Tax Crunch
first
  
last
 
 
start
stop
Celebratory Walk for Fox Meadow School, Author Visits Greenacres

Celebratory Walk for Fox Meadow School, Author Visits Greenacres

Over 400 students along with teachers and administrators took a cel...

Analysis: How Do Home Sales Prices Measure Up to Scarsdale Assessments?

Analysis: How Do Home Sales Prices Measure Up to Scarsdale Assessments?

This analysis was submitted by Scarsdale resident Lee Fischman . Last...

Recycling Made Easier

Recycling Made Easier


What can be recycled in Scarsdale can sometimes be confusing. This ...

Three Scarsdale Varsity A Girls Soccer Players Honored At All Section Award Dinner

Three Scarsdale Varsity A Girls Soccer Players Honored At All Section Award Dinner

Olivia Bryant, Nayumi Parente-Ribeiro and Allison Stafford On Monday...

Four Prewriting Strategies For Writers Of All Ages

Four Prewriting Strategies For Writers Of All Ages

When you need to turn a blank page into a brilliant essay, paper or...

first
  
last
 
 
start
stop

Assemblywoman Amy Paulin to Introduce Bills to Alleviate Tax Crunch

amypaulinAssemblywoman Amy Paulin (D-88) will soon introduce a package of bills aimed at helping mitigate the harm that the new federal tax laws will cause for many New Yorkers.

The provision to cap the amount of the state and local tax deduction at $10,000 disproportionately affects residents in areas of the state with high property taxes, like Westchester– which has the highest property taxes in the nation. These residents will now face an increase in federal and possibly state income taxes on top of those steep property tax bills. According to ATTOM data solutions, 73 percent of Westchester homeowners pay more than $10,000 in property taxes.

The first bill, which Paulin announced two weeks ago, would allow New York residents to itemize their New York State tax return even if they do not itemize their federal returns. The categories of itemized deductions used at the federal level are also used for the New York State personal income tax.

According to a July 2017 report from The Office of the State Comptroller, without legislation to change the State tax law, eliminating deductions at the federal level would eliminate them at the state level and potentially increase taxpayers' state income-tax burden. This legislation would ensure that taxpayers will still be able to itemize on their New York return, preventing them from facing a higher New York tax bill.

The second bill, would establish a two-pronged approach. The first portion of Paulin's new legislation would establish a dollar-for dollar state income tax credit for charitable donations made to foundations that support state-funded institutions, such as the State University of New York.

The second portion of Paulin's legislation would allow a taxpayer to receive a credit on their property or school taxes for donations made to local foundations working alongside school districts and municipalities. Some examples of these types of foundations that already exist are The Pelham Education Fund or the Scarsdale Schools Education Foundation.

Since charitable gifts remain deductible on federal taxes, taxpayers would be able to receive a federal deduction to help offset the loss of the state and local tax deduction.

"We must do everything we can to lessen the damage that the new federal tax law will cause for so many New Yorkers," Paulin said. "I have fielded dozens of calls from constituents about the new tax law and many people are considering moving, because the cost to stay here will be too high. We cannot allow that to happen.

This legislation would enable taxpayers to make up for some of the losses they will experience under the disastrous federal tax law, while maintaining the revenue that the State and local school districts receive."

Comments   

#1 Disgruntled 2018-01-04 14:05
So we are supposed to make a charitable contribution in addition to paying our taxes just to get a deduction? That’s a solution? Someone explain how there’s a savings in doing this.
Quote

Add comment

Security code
Refresh

Good Work

SETTING

Around Town

SETTING

Election Results: Westchester Wide and a Mock Vote at Scarsdale Middle School

Election Results: Westchester Wide and a Mock Vote at Scarsdale Middle School

Though Democrats in the national election did not score the resounding victory they hoped for, in New York the Dems had everything to cel...

Read More

Neighborhood News

SETTING

Not in My Backyard: Residents Growl About Proposed Dog Park

Not in My Backyard: Residents Growl About Proposed Dog Park

A dog park may not be in the stars for Scarsdale. At a heated public forum on Tuesday November 13, scores of residents came out to voice ...

Read More

On Our Minds

SETTING

Volunteers Needed to Serve Meals On Wheels

Volunteers Needed to Serve Meals On Wheels

For 40 years Scarsdale Meals on Wheels has been delivering meals to residents in the Scarsdale area. They serve meals to anyone regardles...

Read More

On Our Radar

SETTING

Recycling Made Easier

Recycling Made Easier


What can be recycled in Scarsdale can sometimes be confusing. This is the first article in a series of articles on WHAT and HOW to recycl...

Read More

Parenting

SETTING

Village Voices

SETTING

SFCS’s Hoarding Workshop and Vital Aging Fair Draw Scarsdale Seniors

SFCS’s Hoarding Workshop and Vital Aging Fair Draw Scarsdale Seniors

SFCS’s Aging in Place hosted an informative workshop entitled “Buried in Treasure: From Clutter to Chaos” at the Girl Scout House on Wedn...

Read More

Shout it Out

SETTING

CNC Invites Public To Organization Meeting November 26, 2018, SBNC Seeks Candidates

CNC Invites Public To Organization Meeting November 26, 2018, SBNC Seeks Candidates

Scarsdale Citizens Nominating Committee (“CNC”) invites the public to its first meeting Monday, November 26, 2018 at 8:00 PM in Rutherfor...

Read More

School News

SETTING

The Goods

SETTING

Analysis: How Do Home Sales Prices Measure Up to Scarsdale Assessments?

Analysis: How Do Home Sales Prices Measure Up to Scarsdale Assessments?

This analysis was submitted by Scarsdale resident Lee Fischman . Last year he co-chaired the Scarsdale Forum's Assessment Revaluation Commi...

Read More

Real Estate

SETTING

Homes, a Pool and a Dollhouse - On the Agenda for the Committee for Historic Preservation

Homes, a Pool and a Dollhouse - On the Agenda for the Committee for Historic Preservation

The Pool, Poolhouse and Trellis at 62Birchall Drive Applications to demolish two homes, a pool, a poolhouse and a dollhouse are on the age...

Read More

Today's News

SETTING

Arts and Entertainment

SETTING

The Evocative Flavors Of Homemade Greek Food At Tzatziki Greek Grill

The Evocative Flavors Of Homemade Greek Food At Tzatziki Greek Grill

The well known chef Paul Prudhomme said,” You don’t need a silver fork to eat good food.” The inviting Tzatziki Greek Grill in New Rochel...

Read More

People

SETTING

Four Prewriting Strategies For Writers Of All Ages

Four Prewriting Strategies For Writers Of All Ages

When you need to turn a blank page into a brilliant essay, paper or presentation, try these prewriting exercises. They are easy, quick, a...

Read More

first
  
last
 
 
start
stop

Programs for Scarsdale Kids