Finally, the report recommends a third option — a new statewide unincorporated business tax. (wshu.org)
(Closing that loophole in the city's unincorporated business tax alone could bring roughly $ 200 million into city coffers, according to the Fiscal Policy Institute, a research group.) (nytimes.com)
Therefore, S corporations and unincorporated businesses taxed under the GCT, BTX and UBT may see substantial increases in their NYC tax liability. (stateandlocaltax.com)