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Empire Plaza in Albany.
Empire Plaza in Albany.

New laws bring change in 2014

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A number of new laws will take effect in New York in the New Year.

Hitting the books in the new year are the first of three new tax cuts for small businesses and an additional near 10-percent tax cut for manufacturers. Middle income families are also getting tax relief in 2014. That affects people who make between $40,000 and $300,000 and you have to have at least one dependent child.

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The first of three minimum wage increases also start in January, to $8 dollars an hour from $7.25 an hour.  By 2016 it will reach $9 dollars an hour.  Taxpayers will be paying for most of that because the state will be reimbursing employers two-thirds of the cost increase .

Cuomo’s plan to spur development in and around universities will also begin.  START-UP NY exempts nearly all taxes for new businesses around universities.

Another new law requires hospitals to provide free hepatitis C screenings for baby boomers, a group the Centers for Disease Control says will rapidly start developing health problems from the disease.

And of course, Las Vegas-style gambling becomes legal next month.  In November voters approved a referendum allowing four gaming resort destinations for upstate counties.   

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