Tax Credits

The New York state Capitol in Albany (credit: Getty Images)

Sources: Major Tax Relief Coming In New York State Budget

Sources told CBS 2 that the New York State Legislature is poised to cut taxes for property owners, renters, businesses and even estates.


Health Reform Rollout: Today – 2018

While many Americans are aware of the Affordable Care Act (ACA) and what may be in store in the near future, some are unaware of the longer term provisions still to come. Below is a […]


Sens. Chuck Schumer and Bob Menendez announce proposed Sandy tax credits Dec. 9, 2012 (credit: Monica Miller/WCBS 880)

Senators Propose Federal Tax Credits, Breaks For Sandy Victims

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.


Gov. Andrew Cuomo speaks - Albany, NY - Oct 17, 2011 (credit: Governor's Office)

Gov. Cuomo Economic Plan Includes Expanding Gambling, Tax Credits

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.


New Jersey State Assembly

NJ Lawmakers Seek Boost In Life Science Tax Credit

Some New Jersey lawmakers want to boost the amount of life sciences research tax credits that are made available to state businesses.


NJ Governor Chris Christie (credit: CBS 2)

Assembly Panel Takes Up Pilot School Choice Bill

Should the bill pass, students in 13 failing districts would apply for scholarship vouchers to offset the costs of attending private or parochial school.


NJ Governor Chris Christie (credit: CBS 2)

NJ School Choice Bill Advances

The measure would establish a five-year pilot program granting tax credits to businesses that contribute toward education scholarships.