Report Calls For $2B In NY Property, Corporate Tax Cuts

Law360, New York (December 10, 2013, 2:20 PM EST) -- A New York commission on tax reform report released Tuesday calls on lawmakers to reduce the tax burden on homeowners and businesses and increase state economic competitiveness by freezing property taxes for two years and lowering the corporate tax rate to its lowest level since 1968.

Gov. Andrew M. Cuomo formed the New York State Tax Relief Commission on Oct. 3 and charged it with devising proposals focused on alleviating New York's property and business taxes, according to the report. The recommendations, valued at $2 billion...
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