Issue 8-24-14 Website - page 4

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8/31
bySenatorRanzenhofer
August 2014
As I outlined inmy column in
July, the2014LegislativeSession
couldbecharacterizedasproduc-
tive, especiallywhenconsidering
manyof thenewpolicies to lower
NewYork’s heavy tax burden.
Additionally, two bills which
I sponsored in the State Senate
will also help to keepNewYork
moving forward. I have been
working to usher these two ini-
tiatives through the legislative
process for thepasteightmonths.
Here isanupdateon theprogress
made for both proposals:
First, Senate Bill No. 7196B
corrects awrong in the State tax
code, in an effort to help New
Yorkmanufacturersexpand their
business and createmore jobs.
Knownas theQEZE taxcredit,
it was designed to encourage
employment in NewYork State.
However, theTaxDepartmenthas
discouragedmanufacturers from
utilizing the credit towards prod-
ucts exported outside the State.
Therefore, the law has proven
ineffective, hamperingeconomic
growth and employment.
For example, one New York
State company abandoned plans
for a $5 million expansion and
25 new full-time jobs because
thecreditsdidnot apply togoods
sold in non-New York State
markets.
Simply put, this is not sol-
id economic policy. Tax relief
shouldnot just apply toproducts
sold inNewYorkState.Tax relief
should apply to products sold in
NewYork, as well as those not
sold in NewYork, as a way to
boost productivityandeconomic
growth. That iswhy I introduced
legislation toamend theState tax
law to include income from all
products forpurposesofclaiming
the tax credit.
Second,SenateBillNo.2118B
changes the State Public Health
Law to permit continuing care
retirement communities (CCRC)
to offer “life care at home.”
Seniors have already done so
much for our local community.
This bill would benefit seniors
by offering them additional af-
fordable care options, leading
tomore seniors remaining inde-
pendent and lower health care
costs for NewYork and county
governments.
Under current law, CCRCs are
not allowed to offer LifeCare at
Home contracts for seniors still
living at home, while partici-
pating in programs outside the
campus community. As a result,
senior health care costs have
skyrocketed, forcing increased
enrollment inMedicaid.
Ifenacted into law, seniorswill
be able to choose between pur-
chasing Life Care administered
at a campus setting or delivered
at theirhome fromaCCRC,help-
ingmore seniors take advantage
of CCRC services not already
offered to them.
These twobillshavepassed the
Senate and Assembly although
neither has been signed into law
just yet. Both proposals are ex-
pected tobesent to theExecutive
Chamber soon, and I amhopeful
that theGovernorwill sign these
bills into law.
Changes InStateLawSeek
ToHelpEconomy,Offer
BetterServicesToSeniors
1,2,3 5,6,7,8,9,10,11,12,13,14,...20
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