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Government Affairs Albany Update

May 5 , 2006

President of Massachusetts Taxpayers Foundation to Speak at May 10th Health Committee Meeting

Michael Widmer, President of the Massachusetts Taxpayers Foundation, will be the luncheon speaker at the May 10th meeting of The Business Council's Health Committee. Mr. Widmer will discuss the policy and politics of the new Massachusetts Health law that requires individuals to buy a health insurance policy, imposes an assessment on some businesses that do not offer health insurance, and creates a Health Insurance Connector to link individuals and businesses with health insurance products.

Mr. Widmer will be joined by Victoria Burgess of the Foundation. She is responsible for research and analysis of local health policy. The Massachusetts law has gained national attention. Mr. Widmer will provide details on the myriad of issues raised by the new law.

The Health Committee meeting will run from 10:30 a.m. - 2:30 p.m. at The Business Council headquarters in Albany. Lunch will be included, and a $20 meeting fee is due upon registration.

Conference On State Taxation Agenda (May 22-24, Saratoga Springs)

The Annual Conference On State Taxation jointly presented by the Department of Taxation & Finance and The Business Council which will occur on May 22 - 24 at the Gideon Putnam, Saratoga Springs includes the following Agenda items:

  • Employer withholding & W-2 reporting requirements on out-of-State-based, non-resident employees whose employment duties bring them into New York;

  • Personal Income Tax "convenience of the employer" test;

  • Understanding the history of New York's motor fuel taxation system -- Motor Fuel Tax, Petroleum Business Tax, Highway Use Tax, and prepaid Sales & Use Tax;

  • Review of 2006-2007 Budget tax law changes and what is effective following passage of S.6460C, veto message #208, and legislative override votes of April 26, and other tax changes of the past year;

  • Cost Segregation Studies -- their history, qualifying property and assets, tax return impact, and their beneficial impacts on REITs, insurance, property tax, transfer tax, pre-construction planning, and asset management;

  • Judicial decisions and administrative rulings of the past twelve months;

  • New York's receipts factor and its growing importance under single sales factor apportionment;

  • Collapsing the Motor Fuel Tax, Petroleum Business Tax, and Highway Use Tax into one; and

  • Sales tax on-line lookup project