NYS Assemblyman Palmesano unveils tax relief package
ALBANY, N.Y. (WENY) -- Making New York State more affordable for families, seniors, small business owners, and farmers. A multi-part tax relief package aims to do just that after being unveiled by Assemblyman Phil Palmesano and his colleagues.
“We need to get bold. We need bold and aggressive tax reform to spark private sector job creation and get our economy moving in the right direction across the state. This is just the first step,” said Palmesano.
The tax relief proposal package comes in eight different parts.
Some of the highlights of the plan include making the property tax cap permanent, also coupled with a three year ban on unfunded mandates. The plan also calls for the freezing of property tax rates for New Yorkers 62-years-of-age or older -- who earn less than $120,000 a year.
Safeguards against any new taxes were also included in the multi-part package. The safeguard rule would require a three-fifths super-majority to pass any legislation regarding any new taxes.
"I'm urging the governor and my Democratic colleagues to join us and support affordability, promote opportunity and prevent the next million New Yorkers from fleeing the state," said Assemblyman Palmesano. He added, “Budgeting is about priorities. Making New York State more attractive for new job creators, more affordable for people fighting to keep neighbors on the payroll and more exciting for young people working hard to start careers is critically important.”