Stec Praises Senate for Passage of Tax Relief Bill, Encourages Assembly to Follow Suit

January 29, 2018

Assemblyman Dan Stec (R,C,I-Queensbury) praised the New York state Senate today for passing a measure that will relieve taxpayers of around $1.5 billion (A.9061). The bill would change the state’s tax code, separating it from the federal tax code. It passed the Senate unanimously last week but is not scheduled for a vote in the Assembly.

“I strongly encourage the Assembly Majority to follow the Senate’s lead and bring this bill to the floor for a vote,” said Stec. “It passed the Senate unanimously and addresses tax code changes brought on by the federal government. This will keep a lot of money in the pockets of New York state taxpayers and will restore many of the former tax deduction options that the federal tax law changes removed.”

Much of New York State’s tax code is based on federal tax code; the recent changes at the federal level will greatly affect the New York state tax code and in turn cost taxpayers more money. A.9061 ensures that any changes made to the federal tax code would not affect the calculation of New York state income taxes.

“I think we should be looking at any way to keep more money in the pockets of taxpayers,” said Stec. “Year after year New York continues to be ranked among the worst states when it comes to taxes. This bill addresses issues brought on by the federal tax code and works to prevent New York’s tax burden from increasing. I encourage the speaker to bring this bill to the floor for a vote, and I encourage my colleagues to vote in the affirmative.”