Tag Archives: hochul
Gov. Hochul Announces $227B Budget for FY 2024
On Wednesday, NY governor Kathy Hochul announced the budget for the fiscal year 2024 that she will be submitting to the legislature. The budget totals $227 billion and raises a payroll tax paid by businesses in the lower part of … 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
Governor Hochul Vetoes Condominium Tax Loophole
On December 27, 2022, Governor Kathy Hochul vetoed a bill that aimed to close a tax loophole for condominium owners in New York. The bill, which was passed by the state legislature earlier this year, would have required condominium owners … Continue reading
Hurricane Sandy Tax Exemption Deadline Extended – Hochul Signs Legislation
Superstorm Sandy was a devastating time for a lot of New Yorkers, homeowners specifically. The storm caused millions upon millions of dollars in damage which some residents are still trying to financially recover from. Relief for some of these homeowners, … Continue reading
NY Suspends Gas Tax Until 2023
No matter who you are, the odds are that you have been affected in some way by the rapid rise of gas prices seen throughout the country. This recent surge has posed a huge inconvenience for most Americans, forcing them … Continue reading