{"id":48575,"date":"2016-02-07T14:12:25","date_gmt":"2016-02-07T14:12:25","guid":{"rendered":"http:\/\/owegopennysaver.com\/?p=48575"},"modified":"2016-02-07T14:12:25","modified_gmt":"2016-02-07T14:12:25","slug":"akshar-introduces-small-business-jobs-revitalization-package","status":"publish","type":"post","link":"http:\/\/www.owegopennysaver.com\/PS\/2016\/02\/07\/akshar-introduces-small-business-jobs-revitalization-package\/","title":{"rendered":"Akshar introduces \u2018Small Business Jobs Revitalization Package\u2019"},"content":{"rendered":"
\"Akshar<\/a>

Senator Akshar (center)\u00a0tours local fourth-generation manufacturing business\u00a0Binghamton Precast & Supply Corp.\u00a0with owner \/ President Jay Abbey (left) and Vice President Kevin Balachick.<\/p><\/div>\n

Newly elected Senator Fred Akshar has introduced his first three legislative proposals, entitled the \u201cSmall Business Jobs Revitalization Package,\u201d aimed at lowering taxes and reducing costs for small businesses to keep more local dollars within our community.<\/p>\n

\u201cOver the past several months, I\u2019ve traveled across the 52nd Senate District talking with our community\u2019s small business owners and their employees trying to learn what I could do to help them succeed,\u201d said Senator Akshar. \u201cI\u2019m kicking off my legislative work with bills that will begin honoring my commitment to making our community and state a better place to do business.\u201d<\/p>\n

For the past several years, New York has been ranked as among the very worst states in the union in terms of tax burden and business climate by various outlets, including Forbes (http:\/\/www.forbes.com\/forbes\/welcome\/<\/a>), CNN\/Money (http:\/\/money.cnn.com\/pf\/features\/lists\/total_taxes\/<\/a>) and the Tax Foundation (http:\/\/taxfoundation.org\/article\/2016-state-business-tax-climate-index<\/a>).<\/p>\n

\u201cThere was one thing I heard from our local businesses both big and small in each of the counties I visited,\u201d said Akshar. \u201cBetween the taxes, red tape and the bureaucracy, New York\u2019s not doing enough to make business owners or employees want to stay here. We need to do everything we can to change that mindset.\u201d<\/p>\n

The Small Business Jobs Revitalization Package includes:<\/p>\n

S.6519 \u2013 Small Business Jobs Revitalization Act<\/b><\/p>\n

Part A \u2013 Reduces the 9A rate for Small Businesses or farms that pay taxes as Personal Income Tax. It caps business income taxes for small businesses making less than $500,000 and reduces taxable income for businesses making less than $600,000 per year. \u00a0While the Governor has proposed something similar, Akshar\u2019s proposal goes farther. It expands eligibility to include many more small businesses.<\/p>\n

Part B \u2013 Repeals the downstate-centric film and production tax credits.<\/p>\n

Part C \u2013 Directs Empire State Development Corporation to cease all advertisement and promotional activities for the START-UP NY Program.<\/p>\n

S.6517 \u2013 Immediate Repeal of 18-A Energy Surcharge<\/b><\/p>\n

Repealing the 18-A Energy Surcharge will directly lower utility bills for businesses. According to data from National Grid, if the energy tax was extended, the cost for a typical large business is estimated at $30,000 per year. The added cost on a typical small business would be about $540 per year. For an average household utility bills would increase by $55 per year.<\/p>\n

S.6518 \u2013 STAR Program for Businesses<\/b><\/p>\n

This legislation would create a STAR Property Tax Program for businesses similar to the current STAR program for homeowners. The current program provides a partial exemption from school property taxes for owners-occupied, primary residences. This bill would expand the STAR program to real property owned by qualifying businesses with 100 or fewer employees.<\/p>\n

\u201cUpstate small businesses need help dearly, and this package is only the first step,\u201d said Akshar. \u201cI\u2019ll continue to travel and listen to business owners and stakeholders to find more ways to get New York on a better track to attracting and retaining business. There\u2019s more to come.\u201d<\/p>\n

Fred Akshar also welcomes any additional input or ideas from members of the community on ways to make New York a more business-friendly state. Those with ideas are encouraged to submit them through Akshar\u2019s website: Akshar.NYSenate.Gov<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Newly elected Senator Fred Akshar has introduced his first three legislative proposals, entitled the \u201cSmall Business Jobs Revitalization Package,\u201d aimed at lowering taxes and reducing…<\/p>\n","protected":false},"author":3,"featured_media":48576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial"],"yoast_head":"\nAkshar introduces \u2018Small Business Jobs Revitalization Package\u2019 - Owego Pennysaver Press<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.owegopennysaver.com\/PS\/2016\/02\/07\/akshar-introduces-small-business-jobs-revitalization-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akshar introduces \u2018Small Business Jobs Revitalization Package\u2019 - 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