Tedisco: NYS Reaping Sales Tax Windfall From Flood Victims

Assemblyman renews call for legislation to eliminate state sales taxes for expenses incurred by victims of Tropical Storms Irene and Lee
February 21, 2012
Statement from Assemblyman Jim Tedisco (R,C,I-Schenectady-Saratoga), Former Assembly Minority Leader and Current Assistant Minority Whip

“Today’s report by the Comptroller’s Office on state sales tax collections underscores what I predicted in September: that as a result of Tropical Storms Irene and Lee, the state is reaping a windfall in sales tax revenue from all the thousands of New Yorkers who are trying to rebuild their lives.”

“This is money that was not anticipated and would never have been part of the state coffers; therefore, the state should not profit off the backs of the victims of these disasters. That’s why Senator Farley and I are advancing bi-partisan legislation (A.8643-A/S5893-A) that would eliminate state sales tax on essentials for victims of Tropical Storms Irene and Lee.”

“It’s good news for our state’s economy that revenues appear to be on the upswing, but I don’t want to see state government profiting off of the misery of thousands of New Yorkers who sustained terrible losses. Let’s continue to help these struggling families and small businesses get back on their feet.”