HV Congresswoman Writes to IRS Chief About New NY Bridge Grants
A New York congresswoman from the Hudson Valley has penned a letter to the IRS commissioner about noise reduction grants pertaining to the new Tappan Zee Bridge.
Congresswoman Nita Lowey, the ranking Democrat on the House Appropriations Committee, sent a letter Tuesday to Internal Revenue Service Commissioner John Koskinen urging that grants for noise reduction to individuals related to the construction of the new Tappan Zee Bridge be exempt from taxable income. She says area residents should not be burdened with higher tax brackets, declining property values, or strains on retirement income. To mitigate the impact of the construction on homeowners, the New NY Bridge Community Benefits Program is making available $1.7 million in grants for sound-reducing windows and doors to eligible homeowners on both sides of the Hudson River, in Tarrytown, South Nyack, and Grandview-on-Hudson. Lowey says exempting these grant payments from taxable income is consistent with current law.