Government Affairs Albany UpdateFebruary 11, 2005
- 30-Day Executive Budget Amendments
- Advocates Mobilize on State Paid Family Medical Leave
- Spano Declared Victor in Senate Race
- Extends REIT Repeal to NYC
Part M of FY2006 Executive Budget Revenue Bill (S.995A/A.1925A) has been amended to repeal the Real Estate Investment Trust dividend exclusion from New York City taxation also. Click here for the specific language changes.
- Amends to Reduce 9-A Small Business Rate
A new Part Y is added to FY2006 Executive Budget Revenue Bill (S.995A/A.1925A) to increase the small business threshold for purposes of the small business tax rates, create a new rate for these small businesses, and reduce the rate for small businesses with fewer than 290,000 dollars in entire net income.
- Extends Special Additional Mortgage Recording Tax Credit to LLCs, Partnerships, and Sole Proprietorships
A new Part X is added to FY2006 Executive Budget Revenue Bill (S.995A/A.1925A) to extend the special additional mortgage recording tax credit under the Personal Income Tax to limited liability companies, partnerships, and sole proprietorships.
Last week, a variety of organizations and activists including the New York State AFL-CIO met in New York City to discuss a coordinated grassroots strategy to secure legislation that would implement paid family medical leave in New York State. Bills were first introduced in the New York State Legislature on this topic in 2000.
In January and February, bills were again introduced which would permit non-disabled employees to collect payments from their employers under the New York State Disability law.
The current bills, Assembly bill A.1301, sponsored by Assemblywoman Nolan and Senate bill S.1501, sponsored by Senator Morahan are titled the “Families in the Workplace Act.”
They would provide disability benefit payments for persons on federal Family Medical Leave (FMLA) to care for newborn or newly adopted children or to care for seriously ill immediate family members. Employees on federal Family Medical Leave for their own serious health conditions are already eligible for benefits under the New York State Disability law. In addition, these bills would allow disability benefits while an employee provided care to family and household members for situations not covered under the federal FMLA, as well as benefit payments for employees to attend meetings with their children's teachers and other school activities, and bereavement leave.
After three months of legal wrangling, incumbent Senator Nick Spano was declared the winner in the Senate District 35 race. Senator Spano won by a narrow 18 votes. Senator Spano will immediately resume the chairmanship of the Senate Investigations, Taxation & Government Operations Committee.