Sens. Charles Schumer of New York and Robert Menendez of New Jersey have proposed making all repair expenses fully deductible to help lessen the tax implications for those recovering from the storm.
Cuomo calls for “comprehensive reform of our tax code” to promote investment in jobs in New York. He doesn’t mention raising taxes or adjusting the tax code to raise taxes for wealthier New Yorkers.
Some New Jersey lawmakers want to boost the amount of life sciences research tax credits that are made available to state businesses.
Should the bill pass, students in 13 failing districts would apply for scholarship vouchers to offset the costs of attending private or parochial school.
The measure would establish a five-year pilot program granting tax credits to businesses that contribute toward education scholarships.
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