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State Agencies Bulletin No. 1493
… may have simultaneous FICA repayment obligations resulting in a total FICA repayment that exceeds ten percent of gross … and 501 NYS/SCF (Social Security Deficiency) Flat Rate in order to maintain the deduction rate of three percent of … also have an increased income tax obligation. Any change in employee income tax obligations are solely the employee’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1493-new-repayment-rate-deduction-code-502-nys-ssmedicare-deficiencyState Agencies Bulletin No. 1462
… To inform agencies of the content information for the 2015 Form 1042-S. Background According to the IRS instructions for Form 1042-S, amounts subject to reporting on Form 1042-S are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1462-form-1042-s-foreign-persons-us-source-income-subject-withholdingState Agencies Bulletin No. 1385
… are subject to withholding, even if no amount is deducted and withheld from the payment because of a Treaty or … This box should be checked if there are amounts in boxes 7 and 9 pursuant to Chapter 3. Box 3a Exemption Code The … New York are Exemption Code 04 (Exempt under tax treaty) and 00 (Not Applicable). Box 3b Tax Rate This box is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1385-form-1042-s-foreign-persons-us-source-income-subject-withholdingState Agencies Bulletin No. 1287
… regardless of whether the taxpayer was married in New York or elsewhere, and regardless of whether the taxpayer now resides in a state that permits and/or recognizes such marriages. Similarly, following the … the value of such health coverage will not be reported on Form W-2s. If the spouse resides (for tax purposes) outside …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1287-changes-taxation-imputed-incomeAdministration and Collection of Real Estate Transfer Taxes (Follow-Up)
… a tax on the transfer of real property, applies to sales or conveyances of New York real property or interests in real property when the consideration exceeds … all State counties submitted RETT information in hard copy form (vs. electronic submission) at the time of our audit, of …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followOswego School District Public Library – Selected Cash Receipts (2013M-397)
… purpose of our audit was to assess internal controls over tax receipts and over-the-counter cash receipts for the … when there are refunds in property assessments due to tax certiorari judgments. However, there is no authority for a school district to chargeback any portion of a tax certiorari refund to a school district public library. …
https://www.osc.ny.gov/local-government/audits/library/2014/03/21/oswego-school-district-public-library-selected-cash-receipts-2013m-397Town of Ulster – Town Assessor (2016M-361)
… The purpose of our audit was to review the Town’s property tax exemption process for the period January 1, 2015 through … by a five-member Town Board, which appoints the Town Tax Assessor. Budgeted appropriations for 2016 totaled approximately $15.9 million. Key Findings The Tax Assessor did not properly grant and monitor property tax …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-ulster-town-assessor-2016m-361State Agencies Bulletin No. 1529
… is a dated utility bill, lease or mortgage agreement, or property tax bill. New York State Department of Taxation and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1529-general-tax-tipsDiNapoli: Loss of Federal Deductions in Trump Tax Plan Could Hurt New York's Middle Class Taxpayers
… Major changes to the federal tax code being considered by the President and Congress would … of the more than $67 billion in state and local tax deductions reported by New Yorkers on their federal … for New Yorkers if these changes are made to the federal tax code," DiNapoli said. "There is a distinct possibility …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-loss-federal-deductions-trump-tax-plan-could-hurt-new-yorks-middle-class-taxpayersDiNapoli: Local Sales Tax Collections Drop Over 32 Percent in May
… Sales tax revenue for local governments in May fell 32.3 percent compared to the same period last … P. DiNapoli. Sales tax collections for counties and cities in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a …
https://www.osc.ny.gov/press/releases/2020/06/dinapoli-local-sales-tax-collections-drop-over-32-percent-mayState Agencies Bulletin No. 2161
… to help them identify employees who require a new Form W-4, Employee’s Withholding Certificate. Affected … than six months. Background: The IRS released the new Form W-4, Employee's Withholding Certificate , and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2161-locked-query-identify-employees-who-require-new-form-w-4-employeesState Agencies Bulletin No. 1078
… Purpose To inform agencies that employees will now be able to make both before and/or after tax (Roth) contributions to … Compensation Plan. Affected Employees Employees enrolled in the NYS Deferred Compensation Plan Effective Date(s) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1078-nys-deferred-compensation-plan-after-tax-roth-contributionsState Agencies Bulletin No. 1869
… between an employee’s home address and New York City (NYC) taxation. Affected Employees Employees who are Active, … Without Pay and whose home address does not match their NYC taxation are affected. Background New York State … Control-D report has three sections: Home Address not NYC but Local Tax Data is NYC Resident Home Address not NYC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1869-new-control-d-report-employees-new-york-city-residency-tax-dataLocal Sales Tax Collections up 10.2% in Third Quarter of 2022
… Local government sales tax collections grew by 10.2% in the third quarter of 2022 compared to the same period last year, mostly driven by double digit growth in New York City. Total sales tax collections reached nearly … of New York City. “New York City’s sales tax growth in the third quarter, after relatively weaker collections in …
https://www.osc.ny.gov/press/releases/2022/10/local-sales-tax-collections-up-10-point-2-percent-in-third-quarter-2022State Agencies Bulletin No. 863
… of a new process implemented by OSC to ensure that NYC wages are properly reported on the 2008 Form W-2 for all … a NYC residence. Control-D Report NTAX702 (NYC Reportable Wages), identifying employees who may need adjustments to their NYC reportable wages, is now available. NYS Tax and Finance Rules and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/863-new-york-city-nyc-reportable-wagesCounty Medicaid Costs
… State legislative approval to increase their sales tax rates to 4 percent or more, and some dangerously close to exhausting their property tax margins, counties are being challenged to effectively … including Medicaid, counties are expected to increase tax levies from $3.45 billion to $3.61 billion, or 4.5 …
https://www.osc.ny.gov/local-government/publications/county-medicaid-costsState Agencies Bulletin No. 1612
… the earn code CFR . This amount is used for reporting and tax withholding purposes only and does not increase the employee’s compensation. Tax Information Certification, Licensure and Exam Fee … will be added to the employee’s taxable gross wages for tax withholding purposes, and is subject to employment and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1612-certification-licensure-and-exam-fee-reimbursement-clefr-2017DiNapoli: Statewide Local Sales Tax Collections Decline 5.2 Percent in October
… tax revenue declined by 5.2 percent in October compared to the same month last year, according to State Comptroller … Tax Collections by Region (for detailed monthly breakdown) Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-statewide-local-sales-tax-collections-decline-52-percent-octoberDiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… State tax receipts totaled $51.5 billion through the first six … July Update to the Enacted Budget Financial Plan. However, tax receipts were $6.9 billion lower than the first half of … were all contributing factors to higher-than-expected tax receipts. However, global unrest, labor strikes, and a …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearChenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… agreed upon job creation and retention goals. Track sales tax and mortgage tax exemptions to ensure they were not exceeded. Track …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoring