State Sales Tax on Clothing & Shoes under $110 Eliminated

The State tax on clothing and shoes under $110 is now eliminated. There is no limit on the number of items purchased. This will save the average couple $75 a year, and the average family $150 a year.

This cap will save New Yorkers $450 million a year at the pump, an average of $25 for every 12,000 miles driven when operating a car that gets 20 mpg.

The NYS Marriage Penalty tax is now eliminated, saving married New Yorkers $41 million a year.

Property Tax Cap

The Senate voted approval of the real property tax cap in August, along
with a series of practical cost reducing and cost assumption measures.

Rebate checks averaging for those with Enhanced STAR will be mailed out at the end of October.

The Basic STAR program saves the average homeowner $1,000 a year off their school taxes.

The average Enhanced STAR savings is $1,760; in 2008, there will be an Enhanced STAR COLA increase.

The new child tax credit will save parents of school-age children an average of $330 a year.

The college tuition tax deduction is continuing (up to $10,000 per student), regardless of income. This will save the average eligible family $400 a year.

EPIC can be used as a wrap-around for those with Medicare D (in addition to assisting those eligible without Medicare D). EPIC saves the average senior $2,700 a year.

Senator Hannon helped bring the first Empire Zone to Nassau County, which provides tax breaks to businesses in the area to help our local economy.