State Republicans Introduce Family Tax Relief Act
State Senator James Seward and Senate Republicans have unveiled the 2013 Family Tax Relief Act, a package of tax reform and relief measures to provide a major boost to New York’s struggling middle class families.
The plan would update tax credits and exemptions, some of which are more than 25 years old, and put money into the pockets New York’s middle class families.
“This is not only helpful to families of our region who are working so hard to make ends meet, but it’s also a pro-economic development measure,” Seward said. “It will put more money in the pockets of hard-working New Yorkers. They’re going to spend that money right on our Main Streets, local stores, and that’s going to help spur other local jobs and economic development for us.”
The senate plan would more than double the dependent exemption, increase the child tax credit by $500 and restore the STAR property tax rebate checks. Seward says this is a measure that helps families, households and the local economy