Cuomo’s commission calls for ending some tax breaks, fixing others
14 November 2013, 5:57 pm by Joseph Spector
A tax commission formed by Gov. Andrew Cuomo recommended today that the state should end a sales-tax exemption on clothes and consider lifting a gas-tax cap in favor of tax relief on low-income homeowners.
The commission, formed in 2011, sought to find ways to streamline New York’s taxing structure because the state has among the highest taxes in the nation.
The commission offered ways to cut some tax breaks in exchange for property-and income-tax relief to low-income homeowners. It also proposed eliminating an energy tax that businesses have criticized.
“Today’s report represents another step in that direction as we seek to simplify New York’s antiquated and unnecessarily onerous tax code and to ease the tax burden on families and businesses statewide,” Cuomo said in a statement.
http://statepolitics.lohudblogs.com/2013/11/14/cuomos-commission-calls-for-ending-some-tax-breaks-fixing-others/
