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License Suspension Program Brings in $56MM

SUCCESS OF THE NEW YORK LICENSE SUSPENSION LAW

Since being enacted in 2013, the New York License Suspension Law has brought in $56.4 million in state and local taxes.  Thus, the law makes a good by-line for a reporter and an equally impressive campaign talking point for politicians wishing to demonstrate they are fiscally responsible.  The law actually brought in more than the projected $42 million of state and local tax revenues expected.

With 9,000 license suspensions just in the first 12 months since passage of the law, and 6,500 taxpayers bringing their debts current, it looks like the law may stay on the books for some time.

http://nystaxlawyers.com/