Proposed NY Budget to Tax iTunes, Beer, Cigars, Yachts, and more
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The New York State budget proposed by a href="http://www.usnews.com/articles/news/national/2008/03/11/10-things-you-didnt-know-about-david-paterson.html"Governor David Paterson/a will add to the tax burden of its residents with 88 fees, 10 fines, and 39 changes to the tax code.br /br /Among other things, hair salons, sporting events, massages, and credit rating services will be taxed. Additionally, the tax on cigars and malt beverages will go up. Unpopular among urban hipsters: a new sales tax on downloading music (sorry, Steve Jobs!).br /br /New or increased fees will also be administered - a marine fishing license, increased vehicle registration fees, and new fees for camping/cabin rentals/park passes.br /br /Then, there is the controversial the "a href="http://www.foxnews.com/story/0,2933,468245,00.html"obesity tax./a" (The new budget will tax regular soda at a rate 15% higher than diet soda.)br /br /pAccording to our friends at the Tax Law Blog, here's a partial summary of what's in the budget:/pbr /blockquotepMakes personal services (such as beauty, barbering, manicure, pedicure,br /massage, health salon or stronggymnasium services/strong) and credit rating and reportingbr /services subject to sales tax statewide. Currently, only New York City sales taxbr /applies to these services./ppImposes a sales tax on entertainment-related consumer spending, including,br /but not limited to, strongmovie theaters/strong and strongsporting events/strong./ppImposes state and local sales tax on purchases of prewritten strongsoftware/strong,br /strongdigital audio/strong, audio-visual and text files, digital photographs, stronggames/strong, andbr /other electronically delivered entertainment services./ppImposes a sales tax on transportation-related consumer spending, including,br /but not limited to, strongtaxis/strong, limousines and buses./ppImposes sales tax on strongtelevision/strong and radio services provided by cable,br /satellite or other similar means./ppImposes an additional 18 percent rate of sales and compensating use taxes onbr /fruit drinks that contain less than 70 percent of natural fruit juice andbr /nondietetic soft drinks, sodas and beverages./ppModifies the taxation of strongcigars/strong to impose a tax of $0.50 per cigar tobr /simplify the administration of the tax. The current tax is equal to 37 percentbr /of the wholesale price or approximately 34 cents per cigar./ppIncreases the excise tax on strongwine/strong and strongbeer/strong to approximately the average ofbr /surrounding states./ppThe tax on wine would increase from 18.9 cents per gallon to 51 cents perbr /gallon, and the beer tax would increase from 11 cents per gallon to 24 cents perbr /gallon./ppIncreases registration fees for most vehicles and fees for strongdistinctive plates/strongbr /by 25 percent. The average vehicle registration fee will increase from $44 tobr /$55./ppIncreases original and renewal driver?s license fees by 25 percent. Abr /standard eight-year renewal will now cost $62.50, up from $50./ppCreates a new fee of $10 for filing a strongpaper personal income tax return/strong, whichbr /will encourage individuals to file via the Internet./ppEstablishes a new marine fishing license at a cost of $19 for state residentsbr /and $40 for out-of-state individuals./ppRaises administrative fees for various park activities, such as camping,br /cabin rentals, golf, and marina usage, as well as for Empire Passports, passesbr /and permits./ppIncreases the cigarette and tobacco retailer fee from $100 to $1,000 forbr /retailers with gross sales of less than $1 million, to $2,500 for retailers withbr /gross sales of $1 million but less than $10 million, and to $5,000 for retailersbr /with gross sales of $10 million or more./ppImposes an additional sales tax on luxury goods. This proposal would impose abr /5 percent tax on the price of the following items in excess of the followingbr /thresholds: $60,000 for strongcars/strong, $200,000 for vessels (including but not limited tobr /strongyachts/strong); $20,000 for strongjewelry/strong and strongfurs/strong; and $500,000 for noncommercialbr /aircrafts./ppSource: a href="http://www.taxlitigation.net/taxlaw/guvs-plan-would-tax-itunes-ballgames-cable-tv/"Tax Law Blog/a/p/blockquoteblockquote/blockquote
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