2018 starts on Monday. The New Year means a whole crop of new laws for New York. The law makers and liberal Governor Cuomo never disappoint in imposing new regulations and new laws on the state. It is no coincidence that more people are leaving New York for better states and that New York is consistently ranked at the bottom of all the states in personal freedom. worst business environment and that NY is more than $350 Billion in debt.
Just some of the new laws that take effect on Monday include:
Paid Family Leave law
Starting Jan. 1, 2018, most people who work for a private employer in New York will be eligible for eight weeks of paid family leave. When fully implemented in 2021, the benefit will increase to 12 weeks of paid leave.
New York income tax cuts
A middle-class tax cut passed by the state Legislature in 2016 will take effect on Jan. 1, 2018. State officials estimate 4.4 million New Yorkers will see a small tax cut in the first year, or an average savings of $250 per tax return.
Minimum wage increase
The minimum wage in New York increases as of Dec. 31, 2017, marking the second consecutive year of a wage hike that will be phased in through 2021.
In Upstate New York and areas outside of New York City and its suburbs, the minimum wage will increase from $9.70 per hour to $10.40 per hour.
Expanded child and dependent care tax credit
New York taxpayers with incomes between $50,000 and $150,000 per year will be able to claim an expanded child and dependent care tax credit effective Jan. 1, 2018.
The definition of a snowmobile and limits on the use of snowmobile trails will change under new laws effective Jan. 1, 2018.
State law will now require snowmobiles to be equipped with motors originally manufactured for travel on snow and ice. The law also authorizes tracked cleats, and skis and belts for support.
A second law limits the use of snowmobiles to land designed to be used as public trails. The law also increases penalties to a minimum of $200 for operating an unregistered snowmobile, failing to renew a snowmobile registration or improperly displaying a snowmobile registration number.
The arrival of 2018 will mark the first year New Yorkers will be required to recertify pistol permits as part of the SAFE Act. The law requires all pistol owners to recertify their permits five years after the license was issued.
Pensions of public officials
A ballot proposal approved by New York voters in November amends the state Constitution, allowing judges to revoke or reduce pensions of public officials convicted of a felony.
Healthcare in public and private schools
A law that took effect Dec. 19, 2017, authorizes some employees or contractors in public and private schools in New York to administer epinephrine auto injectors to students in case of a health emergency
Property tax relief credit
New York homeowners will receive property tax rebate checks that will increase to an average of $380 in 2018, the third year of a program approved by the state Legislature.
It is a wonder that New Yorkers are receiving some kind of tax relief but will it be enough to convince some state residents to stay? Trump’s federal tax reform, which took effect last week, inspired Cuomo to offer NY residents the option to file their property taxes early, so they can still deduct their state tax from their federal return.
Overall, people will still vote with their feet and continue to flee NY for better economic opportunities elsewhere.
Governor Cuomo is going to run for president against Donald Trump in 2020. He already believes he will be the Democrat Party’s nominee. With the record of his performance in New York, he better pull a magic rabbit out of his hat to go against the Trump Train to challenge the current president’s performance.