Specifically, our project assessed the in - state economic
impact of key business
tax reductions that we expected to be included in the Executive Budget, including a reduction
of the Article 9A ENI rate from 7.1 to 6.5 % (and to zero for upstate manufacturers); a modernization and restructuring
of the corporate franchise
tax, including its merger with the bank
tax and other
reform and simplification
measures; and the adoption
of a 20 percent real property
tax credit for manufacturers statewide.