Northern New York Newspapers
NNY Business
NNY Living
Fri., Oct. 9
Serving the communities of Jefferson, St. Lawrence and Lewis counties, New York
In print daily. Online always.
Related Stories

Owens introduces bill for small business tax relief


Rep. William L. Owens, D-Plattsburgh, has introduced a bill that would offer small businesses a tax break that corresponds to increases in wages paid to certain employees in a given year.

The legislation would enable small businesses to provide tax-free dividends to their owners up to the amount that gross wages increased during the taxable year. It would apply strictly to wages for employees who make up to $50,000 per year, ensuring that credit is linked to wage increases for middle-income workers. If a small business paid $10,000 more to its staff than the previous year, for example, it would then be eligible to distribute $10,000 in tax-free dividends to its owners.

Mr. Owens said in a statement the legislation would “put money in the pockets of workers as well as job creators.”

Commenting rules:
  1. Stick to the topic of the article/letter/editorial.
  2. When responding to issues raised by other commenters, do not engage in personal attacks or name-calling.
  3. Comments that include profanity/obscenities or are libelous in nature will be removed without warning.
Violators' commenting privileges may be revoked indefinitely. By commenting you agree to our full Terms of Use.
Syracuse Football Tickets Giveaway
Connect with Us
WDT News FeedsWDT on FacebookWDT on TwitterWDT on InstagramWDT for iOS: iPad, iPhone, and iPod touchWDT for Android
Showcase of Homes
Showcase of Homes