SALT Report 3056 – Governor Andrew Cuomo announced the launch of the New York State Tax Relief Commission. The newly formed commission will collaborate with the Tax Reform and Fairness Commission and together, they will conduct a comprehensive review of the State’s corporate, sales, and personal income tax policies, and recommend ways to improve or simplify the current tax system.
The Governor stated that New York has been considered a high tax state for too may years, hurting the state’s competitiveness and driving businesses and families from New York. Therefore, the TRC will work to identify ways to provide tax relief to homeowners, renters, and businesses. Using information provided by the TRC, the Governor hopes to lower property taxes and business taxes overall thereby encouraging job creation and economic growth.
The Tax Relief Commission is co-chaired by former Governor George Pataki and Chairman of the State University of New York Board of Trustees and former State Comptroller H. Carl McCall. The TRC’s findings are due by December 6, 2013, for inclusion in the Governor’s 2014 State of the State message.
For Further Information