Governor's Budget Proposal Eliminates Cost of Mailing Checks for Tax Rebate
ALBANY, NY – Last year after the creation of the "Family Tax Relief Credit", Assemblywoman Donna Lupardo and Senator George Latimer were critical of the decision to mail physical checks and are now applauding the decision by the Administration as a reasonable step to save state funds. In Governor Cuomo's 2014-15 proposed State Budget, the $350 family tax credit created last year will now be turned into a tax credit available to those same families rather than a tax rebate check beginning in 2015. Estimates have had the cost of sending physical checks to those who qualify as high as $2 million per year. Making these monies available to families in this fashion will allow them to access it faster (claimable when filing taxes) than if they had to wait for the physical check to come in the mail later in the fall.
"I am pleased to see that the Governor has included this change in his budget proposal," said Assemblywoman Donna Lupardo (D-Endwell). "If we're going to provide this relief to New York's hard working families, it should be done in the most efficient way possible."
Senator George Latimer said, "To make government run as efficiently and inexpensively as possible, we had proposed a cost effective way to administer the distribution of tax rebates while still achieving the same result: lowering taxes for middle class families. I'm happy to see that Governor Cuomo has included this idea in part of the budget allowing hard-earned tax dollars to be spent in better, more productive ways."
Latimer and Lupardo have filed legislation (S4745/A6926) that will require the Tax and Finance Department to make the tax credit available when a taxpayer files his or her return for the taxable year.