Due to Hinchey's leadership, the Senate plan exempts Dutchess County and its municipalities from the MTA Payroll Mobility Tax, and eliminates the MTA Surcharge at the DMV for Dutchess County residents so individuals are not hit with an unnecessary fee when trying to renew their license and registration.
SUNY New Paltz Impact Aid — $300,000
Hinchey led the charge in the Senate to bolster SUNY Impact Aid for the Village of New Paltz, which is included in the Senate’s one-house plan. This would provide the SUNY Host Community with financial relief from the costs to Village residents in meeting the health, safety, and emergency services needs of SUNY students.
Local Tax Support for Sojourner Truth State Park Host Communities
After years of effort, Sojourner Truth State Park was established in the City of Kingston and the Town of Ulster, providing much-needed green space in a community designated as an Environmental Justice Area. However, upon the park’s creation, over 500 acres of land became tax exempt, running the risk of passing economic penalties on to local taxpayers, which Senator Hinchey is championing a proposal to prevent. The Senate’s plan includes Hinchey’s proposal to amend the State’s Real Property Tax Law to deliver tax payments to Kingston and the Town of Ulster — on par with what other NYS Park Host Communities receive — to ensure that local residents do not bear an economic burden from the establishment of this new upstate landmark.
Increasing the Income Tax Credit for Volunteer Fire & EMS
With Hinchey’s advocacy, the Senate one-house proposes to increase the Volunteer Firefighter & EMS Income Tax Credit from $200 to $800. The one-house also proposes to allow volunteer ambulance workers and firefighters to receive both the $800 Income Tax Credit AND a 10% Property Tax Exemption, which they are currently unable to receive simultaneously due to State Law.
Ensuring Millionaires and Billionaires Pay Their Fair Share
The Senate one-house advances proposals to ensure millionaires and billionaires pay a fairer share to help build an equitable budget capable of investing in crucial community needs. The Senate proposes establishing higher personal income tax rates for individuals earning over $5 million (an increase from 10.3% to 10.8%) and over $25 million annually (an increase from 10.9% to 11.4%) through 2027.