Two new bills in the City Council would allow New Yorkers to defer their property taxes and tenants to put off their rent, too.
The first bill would allow property owners whose buildings are assessed at more than $250,000 to put off paying the full amount of their property taxes. To qualify, taxpayers would have to show the occupant of the building was affected by limitations on "seating, occupancy or on-premises service limitations" from an executive order by the governor or the mayor between March 7 and June 30, or experienced an "unexpected decline" in income for more than 30 days during that period.
While you're here, how about this:
Crossing a line: When it comes to taxes, what does work-from-home mean for businesses whose
Cross-state commuters turned into housebound workers when the COVID-19 crisis led to the issuance of stay-at-home orders.
And, from the comforts of their own homes, accountants are advising businesses and their employees to be aware of the tax implications of that.
One might assume that a New Jersey business and its employees’ income wouldn’t be taxed by neighboring states if they’re just working from home for a few weeks or months during the pandemic. Not so fast, accountants say. State taxes can come into play if there’s any business being done inside a state’s borders, an obligation that accountants call a company’s tax "nexus."
Norwin OKs tax hike by 5-4 vote | TribLIVE.com
Norwin property owners will see a 2.9% increase in real estates taxes for the upcoming school year after the school board Monday narrowly approved the spending plan for the district.
By a 5-4 vote, the board approved a $76.93 million budget that will increase property taxes in North Huntingdon, North Irwin and Irwin by 2.4 mills to 84.8 mills. For the 18 properties in White Oak and South Versailles that are served by Norwin, taxes will increase 0.36 mill to 12.72 mills in the next school year.
Village of Massena taxes can now be paid without interest, penalty until July 22 | St.
Many things are taking place:
Little unveils plan to pay first responders if local governments keep taxes down | Government |
BOISE — By recent standards, the 2020 Idaho legislative session was relatively short. At 75 days it was tied for the fourth-shortest of the pa…
A Road Map to Recreational Marijuana Taxation | Tax Foundation
Nevertheless, marijuana is an addictive product with certain societal costs, which means that states with legalized marijuana sales desire some control over the market. This control is maintained through a regulatory system as well as excise taxes.
Legalization of recreational marijuana is a still relatively new trend, but diminishing tax receipts from traditional sources of revenue as a result of the coronavirus pandemic, reports of growing marijuana sales, and popular support make it likely that more states (and maybe the federal government) will consider legalizing and taxing marijuana.
Did COVID-19 end your marriage? If so, avoid these tax pitfalls - MarketWatch
On top of all the other stuff, getting divorced can be a major financial transaction. As such, it can have major tax consequences. And there are tax pitfalls to avoid — if you know about them. Don't expect your lawyer to understand all the tax implications of your impending marital split. Some otherwise-competent divorce attorneys are not fully up to speed on divorce-related tax issues.
In this column, we address one very important divorce-related tax issue: how to divide up IRA and qualified retirement plan balances between you and your soon-to-be ex without triggering unexpected and unfair tax outcomes. Bottom line: you need to plan ahead to make sure the federal income tax results turn out OK for you. If you don't plan ahead, the tax results can be dire. Here's what you need to know to avoid that fate.
Bethlehem school district to hold the line on taxes despite pandemic's economic toll -
The Bethlehem Area School District was bracing itself for a tough 2020-21 budget after the COVID-19 pandemic brought the local economy to a standstill.
But instead on Monday night the district administration brought forward a $302 million budget that doesn't increase taxes for the second year in a row.
A majority of the school board indicated next week they'd approve a final spending plan that relies on $2 million of fund balance to close the deficit.
Happening on Twitter
"I think the only person in the military that Mr. Trump doesn't think is overrated is Colonel Sanders." - Former Se… https://t.co/EaVwNYNOSo davidfrum Sun Jun 07 15:02:31 +0000 2020
I'm gonna go out on a limb here and say that a bunch of NYPD officers and brass are going to resign due to incompet… https://t.co/rulzIfGtb1 DonaldJTrumpJr Sun Jun 07 22:33:37 +0000 2020
Bill De Blasio should immediately resign as Mayor of New York. The man is a disgrace to the city. RyanAFournier (from Washington, DC & Raleigh, NC) Mon Jun 08 00:24:34 +0000 2020
Retweet if you want @RudyGiuliani to run for New York City mayor again! ezralevant (from Canada and the world) Mon Jun 08 02:22:06 +0000 2020
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