In general, state and local sales taxes apply to electric and natural gas service. It took about an hour and a half to do all the set-up paperwork at the bank— they had to fax the documents to their legal department to make sure everything was in order, in addition to all the usual account paperwork. There will be more to talk about in the coming months, as I figure out whether and when to distribute income to my mother, how to deal with tax issues for the trust, and other questions. For those who don’t understand what I mean, here’s an version of an explanation I found online somewhere that helped me explain it. Think of a trust as an empty box.
I would like to again take this opportunity to thank all those who attended the recent public hearing about property taxes hosted by myself and my City Council colleagues. For your convenience, I have obtained a copy of the Department of Finance’s presentation, posted below, for your review. As always, I will do all I can in the City Council to fight against any rate increases that are proposed.
As always, please do not hesitate to contact me directly at [email protected] or my Chief-of-Staff, Steven Matteo, at [email protected] or call my office at (718) 980-1017 if you should have further questions, problems, or concerns regarding this issue or any other matter. For those with interests in math, money, and business, earning finance degree can create a variety of career opportunities that are both fulfilling and high-paying.
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