Full list of all the new taxes and 'fees' Part 1
I believe I have it all... read it....
Tax Reforms and Actions
•
Restructure the Clothing Exemption. Eliminates the sales tax exemption for clothing and footwear priced under $110 and replaces it with two, one-week exemption periods for clothing and footwear priced under $500. Localities will have an option to join the state in offering this exemption.
•
Extend New York City Personal and Credit Services Sales Tax Statewide. Makes personal services (such as beauty, barbering, manicure, pedicure, massage, health salon, or gymnasium services) and credit rating and reporting services subject to sales tax statewide. Currently, only New York City sales tax applies to these services.
•
Extend Sales Tax to Entertainment-Related Spending. Imposes a sales tax on entertainment-related consumer spending, including but not limited to, movie theaters and sporting events. Most states tax entertainment-related services (31 states tax concerts, theaters, and movies; 27 states tax participatory sports; 22 states tax health clubs; 36 states tax amusement parks and rides; 34 states tax circus admissions).
•
Extend Sales Tax to Transportation-Related Spending. Imposes a sales tax on transportation-related consumer spending, including but not limited to, taxis, limousines and buses. Several other states tax transportation-related services (8 states tax taxis; 16 states tax limousine services; 9 states tax chartered flights).
•
Limit Itemized Deduction for High Income Taxpayers. Limits the ability of taxpayers with incomes over $1 million to reduce their tax liability by claiming itemized deductions. Currently, taxpayers with incomes over $525,000 are allowed to claim 50 percent of the value of itemized deductions. Charitable deductions would be excluded from this proposal and may still be claimed as itemized deductions for the purposes of state income taxes. Additionally, all of these deductions could still be claimed on federal taxes.
•
Limit the Capital Improvement Exemption. Limits the capital improvement exemption under the tax code to new construction, a new addition to existing construction, or complete reconstruction. Currently, a capital improvement is defined as an addition or alteration to real property that (1) substantially adds to the value of the real property or appreciably prolongs its useful life, (2) becomes part of the real property or is permanently affixed so that removal would cause material damage to the real property or to the article itself, and (3) is intended to become a permanent installation. This provision would apply the sales tax consistently with other purchases that would improve, or be used within, a property but would not be considered to be part of the real property.
•
Repeal the Sales Tax Cap on Fuel. Repeals the current state sales tax cap of eight cents per gallon on motor fuel and diesel motor fuel. There is no demonstrated evidence that this cap provides savings that are passed on to consumers.
Extend Sales Tax to Cable and Satellite Television and Radio. Imposes sales tax on television and radio services provided by cable, satellite or other similar means. This is the practice of 23 other states.
•
Repeal Bad Debt Provisions. Closes the current loophole that allows certain vendors such as private label credit card lenders (e.g. department stores) to reclaim sales tax revenues from debts that are not repaid, but prohibits other vendors or lenders to access these revenues. This proposal would limit the credit refund to the vendor only.
•
Reform the Cigar Tax. Modifies the taxation of cigars to impose a tax of $0.50 per cigar to simplify the administration of the tax. The current tax is equal to 37 percent of the wholesale price or approximately $0.34 per cigar.
•
Standardize Tax on Flavored Malt Beverages. Increases the tax on flavored malt beverages to levels consistent with the taxes imposed on other alcoholic beverages.
•
Eliminate Underutilized Tax Credits. Eliminates six credits currently allowed under corporate franchise taxes and the personal income tax. All of these credits are underused, as indicated by the number of claimants and by the small total dollars claimed. The credits that would be eliminated are the automated external defibrillator credit, the fuel cell electric generating credit, the security guards training credit, the alternative fuels credit, the qualified emerging technology company (QETC) capital tax credit, and the transportation improvement contributions credit.
•
Restructure the Insurance Tax. Simplifies the insurance tax on life insurers to a straightforward 2 percent tax on premiums. Currently, the tax is a complicated calculation of four alternative tax bases on income and capital, adding the highest amount to a premiums tax at 0.7 percent, all of which are subject to a cap equal to 2 percent of premiums. This proposal would also tax all non-life premiums, currently taxed at differing rates, at the same 2 percent rate.
•
Treat Coupons Consistently. Removes the current discrepancy in sales taxation between manufacturers’ coupons and store-issued coupons in grocery stores. This proposal would treat both coupons the same and impose the sales tax on the amount paid by the customer plus the amount of the coupon (as is currently done with manufacturers’ coupons) rather than on the net discounted price.
•
Increase Sales Tax on Luxury Goods. Imposes an additional sales tax on luxury goods. This proposal would impose a 5 percent tax on the price of the following items in excess of the following thresholds: $60,000 for cars, $200,000 for vessels (including but not limited to yachts); $20,000 for jewelry and furs; and $500,000 for noncommercial aircrafts.
Treat Gain from the Sale of Partnerships as Income. Requires nonresidents to include gains from the sale of entity interests as New York-source income if the gain is from sales of real property located in New York. Currently, nonresidents can create partnerships to sell a property located in New York State and then sell their partnership interest, which is not taxable for a nonresident because it is considered intangible income.
•
Amend the Definition of Presence in New York. Closes the loophole which allows taxpayers to avoid residency in New York (and therefore avoid New York tax liability) by having family members stay at sites other than the taxpayer’s primary residence. This proposal would require that spouses and children only be “present in New York” instead of “present at taxpayers’ Permanent Place of Abode (PPA) in New York” for purposes of a test of New York residency.
•
Expand Tax on Nonresident Hedge Fund Income. Expands nonresident personal income tax to include income received from hedge fund management fees. Currently, only a small portion of such income is taxed as compensation, with the remainder deemed tax-free capital gains. This proposal would result in equal treatment of this income for residents and nonresidents.
•
Address Abusive Tax Avoidance. Ends two sales tax avoidance schemes used during the purchase of motor vehicles, aircrafts (including but not limited to corporate jets), and vessels (including but not limited to yachts). First, this proposal targets business entities that avoid sales tax on their purchases of aircrafts used primarily to transport their corporate executives. Such entities take advantage of a sales tax exemption for commercial aircrafts by having the airplane purchased by a non-resident affiliate, which then charges resident affiliate employees for use of the aircraft. Second, the proposal targets New York residents that avoid sales tax on motor vehicles, vessels, and aircraft used in-state by forming a new corporation or a limited liability corporation that purchases the item in question out-of-state, brings the item into the state, and then allows the New York resident to use the item at will.
•
Expand Definition of Affiliate Nexus for Internet Sales. Prevents a company from avoiding charging sales and use tax on internet purchases by creating independent but affiliated out-of-state entities to make those sales. Under this proposal, a company would create a “nexus” in the state (and thus be required to collect sales tax) if an in-state affiliate uses a trademark, service mark, or trade name the same as or similar to that of the remote affiliate or if an in-state affiliate engages in activities that help the remote affiliate develop or maintain a market for its goods or services.
•
Close Digital Property Taxation Loophole. Imposes state and local sales tax on purchases of prewritten software, digital audio, audio-visual and text files, digital photographs, games, and other electronically delivered entertainment services to achieve tax parity. For example, with the passage of this bill, a book, song, album, or movie would be subject to sales tax no matter if it was bought at a brick and mortar store or downloaded online.
Disallow Utility Definition as Manufacturers. Clarifies that electric generation facilities do not meet the definition of manufacturer under the capital base of the corporation franchise tax. This proposal would create tax policy consistency by conforming the definition of manufacturer across the entire corporation franchise tax.
• Change Filing Requirement for Overcapitalized Captive Insurance Corporations. Clarifies that captive insurance companies receiving 50 percent or less of their gross receipts from insurance premiums would no longer meet the definition of an insurance business, and would file a combined return with their closest affiliated corporate taxpayer. This provision would close a tax loophole that allows companies to form a captive insurance subsidiary to shelter excessive amounts of income from assets held in pay-out reserves.
• Eliminate Exemption for Large Cooperative Insurance Companies. Removes the competitive advantage afforded to certain large cooperative insurance companies that write $25 million or more in annual premiums by eliminating their exemption from taxation. Cooperative insurance companies were intended to provide fire insurance in rural areas with coverage gaps, but in certain instances are competing for business outside of that intent.
• Increase Beer and Wine Tax Rates. Increases the excise tax on wine and beer to approximately the average of surrounding states. The tax on wine would increase from 18.9 cents per gallon to 51 cents per gallon, and the beer tax would increase from 11 cents per gallon to 24 cents per gallon. Alcohol excise taxes were last increased in 1991.
• Increase Auto Rental Tax. Increases the Auto Rental Tax (ART) from 5 percent to 6 percent. This tax was established in 1990 and has not been increased since that time. II. New or Increased Fees
• Increase Feed Tonnage Fees. Increases fees for distributors transporting feed from $.05 per ton to $.10 per ton to help recoup a greater portion of inspection costs. This fee was last amended in 1996.
• Increase Food Licensing Fees. Increases biennial food licensing fees from $200 to $400 for food processors and warehouses; from $200 to $900 for complex food processors requiring more frequent inspection; and from $100 to $250 for retail food stores. Revenues will help to cover the costs of conducting inspections. Food processing fees were last amended in 2002, while retail food store and food warehouse fees were last increased in 2003.
• Establish Seed Dealer Licensing Fees. Creates new fees of $100 per year and $.25 for every $100 in gross annual dollar volume sales on seed labelers and distributors. In addition, a license will be required before conducting business in New York State, with licensing revenues going towards ensuring the quality of seeds sold by dealers in the state
• Increase and Expand Statewide Central Register (SCR) Fees. Increases the SCR clearance fee currently paid by the Office of Children and Family Services and voluntary agency employees from $5 to $25. These fees have not been changed since their establishment in 1990. Foster parents, adoptive parents of foster children and individuals in family care homes serving clients of the Office of Mental Health and the Office of Mental Retardation and Developmental Disabilities will continue to be exempt from paying a fee. This proposal also establishes a $25 fee for certain individuals such as child care providers and their employees.
• Increase Civil Service Exam Fees. Increases fees for open-competitive exams by $5 above the existing range of $20 to $40, establishes fees for promotional exams ranging from $10 to $25, and changes the charge for local exam fees to a per-application cost rather than a per-completed test cost. The existing fees were last changed in 2004.
• Establish a Local Fee for Hiring a Public Retiree through the 211 Waiver Process. Creates a new $200 application fee charged to local governments requesting a waiver to employ a public retiree, under Section 211 of the Retirement and Social Security Law. This fee would allow the Department of Civil Service to recover its costs for reviewing these transactions. • Increase Public Management Intern Placement Fee. Increases the fee paid by state agencies to recruit and place a Public Management Intern from $5,000 to $7,600 per appointment to fully offset program costs. The last increase to this fee was in 2006.
• Expand Fingerprinting to Licensed Insurance Personnel. Requires fingerprinting and background checks at current fee levels of $75 for any individual who is applying for a license under Article 21 of the Insurance Law. • Establish Security Guard Training Fee. Establishes an initial certification fee of $500 to qualify as a security guard instructor, as well as a renewal fee of $250 every five years. In addition, security guard training schools would be required to pay an initial certification fee of $1,000, and a renewal fee of $500 every two years.
• Increase Nuclear Power Plant Fee. Increases fees paid by nuclear power plant operators from $550,000 to $1 million. These annual fees support the radiological disaster preparedness efforts of the state and the local communities where the plants are located. These fees were last changed in 1994.
• Increase Motor Vehicle Registration Fee. Increases registration fees for most vehicles and fees for distinctive plates by 25 percent. The average vehicle registration fee will increase from $44 to $55. Revenues will be directed to the Dedicated Highway and Bridge Trust Fund. These fees were last increased in 1998.
• Increase Motor Vehicle License Fee. Increases original and renewal driver’s license fees by 25 percent. A standard 8-year renewal will now cost $62.50, up from $50. Revenues will be directed to the Dedicated Highway and Bridge Trust Fund. These fees were last increased in 1992
•
Reissue License Plates. Requires the Commissioner of the Department of Motor Vehicles to reissue reflectorized number plates starting April 1, 2010. The associated fee is increased from $15 to $25, with revenues directed to the General Fund. License plates were last issued in 2001.
•
Establish a Fee for MV-278 Certificates. Creates a new $50 fee for a book of MV-278 pre-licensing classroom certificates. Currently, these books are distributed to driving schools at no charge.
•
Increase State Pollutant Discharge Elimination System Fees. Increases 13 permit fees for private, commercial and institutional facilities, industrial facilities and stormwater facilities. A portion of these fees were last increased in 2003.
•
Establish New Marine Fishing License. Establishes a new marine fishing license at a cost of $19 for state residents, and $40 for out-of-state individuals. The marine fishing licensing would also serve as a registry of New York marine anglers and would fulfill requirements of the National Saltwater Angler Registry and State Exemption Program.
•
Establish a Trout and Salmon Stamp. Establishes a new trout and salmon stamp at a cost of $10, and requires all persons fishing for trout and salmon to possess a stamp in addition to their standard fishing license.
well Well the NAZI bastards know ho to tax they sure dont know how to cut.I have seen no list on cuts. All of you clowns who love this Government or who draw a pay check from it all I can say is I wish you nothing but bad luck evey day of your low slime ridden lives. 2009 the year of the Rat. Patterson and the other three blind mice.
Is Patterson even trying to get re-elected? His popularity rating is probably polling at record numbers.
Oh wait, His Ascendancy has already declared that he'll run and he has been busy raking in millions in contributions.
The guy makes me sick. I was willing to give him a chance as I believe you should be fair to everybody, but his handling of the crisis is poor at best.
You can bet the free cheesers will do everything they can to preserve what they have and continue to bring this state to its knees,,Originally Posted by Cgoodsp466
Bring it on
This license on top of a license fee is B.S. This should be illegal. Doesn't the current fishing license fee already cover the costs of re-stocking and such? Isn't that why there is a fishing license to begin with? Will this new fishing license fee on top of the original fishing license fee (trout salmon stamp B.S.) actually be used for fish/angling or to feed the vampires' insatiable appetite in government? Why stop there? How about stamps for every single fish species in N.Y.S. waters? This is nothing more than rape. Criminal N.Y.S. government fleecing once again.
Our gov is in Iraq????????????????????????????
DDDDDDDDAAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote