Tag Archives: new york
NY Lawmakers Look to Tax Streaming Services and Delivery Fees
New Yorkers could be soon facing a tax on popular digital streaming services for entertainment avenues like music, TV, and audiobooks. However, it doesn’t stop there, lawmakers are also looking to add a fee for delivery services to raise money … Continue reading
NY Lawmakers Seek Changes to Cannabis Tax
Two Key lawmakers in the state Legislature are calling to make changes to the way New York taxes cannabis, as the state plans for the launch of this new market this year. Assembly Majority Leader Crystal Peoples-Stokes and state Sen. … Continue reading
NY Among Highest Property Taxes in Country, According to a Report
According to a report by the personal finance website WalletHub, NY homeowners are among some of the highest paying in terms of property taxes across the country. New York has the eight highest property taxes in the country as stated … Continue reading
Governor Hochul Announced a Proposal to Increase Cigarette Tax
In a Proposal announced on Tuesday by Gov. Kathy Hochul, the state wants to increase the cigarette tax by $1 and ban all flavored tobacco products. This proposal came in her State of the State Address. This announcement came in … Continue reading
NY Sports Gambling Tax Likely Staying Put At 51%
New York State Assemblyman Gary Pretlow, the chairman of the Racing and Wagering Committee, has indicated that the proposed 51% tax rate on sports betting revenues in the state is likely to remain unchanged. The high tax rate has drawn … Continue reading
Report: New York Has Largest Income Gap in the Country
The Institute on Taxation and Economic Policy released a report this month that the state of New York is home to the highest concentration of wealth, and has the largest gap between rich and poor in the United States. The … Continue reading
New York Surpasses Half Billion in Mobile Sports Wagering Tax Revenue
New York Gov. Kathy Hochul recently announced that New York State has collected $542 million in tax revenue since the state began allowing online wagering in early January. These numbers are more than any state in the nation during that … Continue reading
New York Medical Marijuana Dispensaries Seeking Tax Cut- Recreational Sales Incoming
Application Period Now Open for $250 million Tax Credit Program
New York Governor Kathy Hochul has recently announced that applications are now being accepted from small businesses so long as they have completed the pre-screening process to become certified for the COVID-19 Capital Costs Tax Credit Program. This program supports … Continue reading
Miami Dolphins Receiver Tyreek Hill, Chose Florida over New York to Lower His State Tax Payments, and He Isn’t the Only One
Over the summer, Former Kansas City Chiefs Wide Receiver, Tyreek Hill was traded to the Miami Dolphins and proceeded to sign a $120 million deal with the team. He was extremely close to a deal with the New York … Continue reading