On October 2, 2013, New York Governor Andrew M. Cuomo announced the creation of the “New York State Tax Relief Commission that will identify way [sic] to reduce the State’s property and business taxes to provide relief to New York’s homeowners and businesses.” This is an effort to improve the state’s ability to attract business and spur economic growth, as well as mend the state’s current reputation as one of the most tax-burdensome states.
The governor has charged the New York State Tax Relief Commission (the “Commission”) with “identifying new strategies to deliver tax relief to homeowners, renters, and businesses alike.” Examples of recommendations the Commission could make may include property tax relief, business tax relief, policies that would reduce the tax burden on New York families, and other policies that would encourage job creation and economic growth. Essentially, the Commission’s job is to propose strategies that will make New York State more competitive with other states. The Commission’s first report on its findings and recommendations is due by December 6, 2013 and is set to be included in the Governor’s 2014 State of the State agenda.
Click here to read Governor Andrew M. Cuomo’s October 2, 2013 press release.