tax credits

Ellen Abbott / WRVO

Preservationists and Syracuse-area economic development specialists are uniting to try and save a federal tax credit that’s helped renovation of historic buildings.

They made the push  from one of the grandest rooms in an historic building that turned 90 years old this month, the Hotel Syracuse.

Ellen Abbott / WRVO

There’s a movement afoot in the Syracuse area to get more people to install solar energy technology in their home or business.

Peter Wirth of Fayetteville installed solar panels on his home two years ago. And one of the most frequent questions he hears is,

“Does it work in central New York? Well, it’s produced almost 100 percent of our power for the last two years,” said Wirth.

Ryan Delaney / WRVO

State Comptroller Tom DiNapoli is urging New Yorkers to invest in a 529 College Saving Program, which helps families save money for college tuition. DiNapoli says parents, grandparents and others can open an account for a child, and receive tax credits of up to $10,000 annually for their contributions.

More than 800,000 529 College Saving Program accounts have been set up in New York, but DiNapoli says many more could take advantage of the program.

Ellen Abbott/WRVO file photo

When Mahlon Irish became a Homer volunteer firefighter in 1974, it was common for 60 people to head out to a fire. Now, it can be difficult to get the 12 firefighters national standards call for to a working blaze. The decline in the number of volunteers through the years is blamed on many things -- from extensive training required to changing family dynamics. But the expense of being a volunteer is also an issue, says Irish, using the cost of gasoline as an example.

Joanna Richards

After founding his first stores elsewhere, Jefferson County’s Frank Winfield Woolworth bought the building in Watertown where he got his start in the dry goods business, intending to raze it and build one of his own stores. Woolworth died before he could see it, but his company realized his plan and the building’s a central part of the early history of the five-and-dime chain. After years of vacancy, two developers have plans to revive the landmark.

The state budget includes a provision aimed at boosting the film industry in upstate New York. The new tax credit creates a two-tiered system that includes a 10 percent credit for productions using particular upstate locations.

Ellen Abbott/WRVO

Sen. Charles Schumer is bringing his influence to the latest plan to revive the Hotel Syracuse.  The Democrat senator believes a federal tax credit program would help draw investors that would be willing to spend the millions it would take to restore the Warren Street historic landmark.

New York Senate Republicans are pushing for middle class tax breaks in the new state budget, including a return to the New York State School Tax Relief Program property tax rebate checks curtailed in 2009.
 

Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.

401(K) 2012 / Flickr

There could be some surprises for taxpayers in 2013. Many of them may find themselves with a bigger tax bill next year.

Sarah Harris / NCPR

For wind energy producers, the looming expiration date for the production tax credits, or PTCs, is getting even closer.