Sentences with phrase «on upstate manufacturers»
Cuomo, who is running for re-election on a platform of reducing taxes, would like to cut the tax rate on net corporate income from 7.1 to 6.5 percent, establish a 20 percent real property tax credit for manufacturers and eliminate net income tax on upstate manufacturers.
http://newyork.cbslocal.com/ Not exact matches
The measure voted on today in the chamber was sponsored by Sen. James Seward, an Oneonta - area Republican whose upstate district includes the headquarters firearms manufacturer Remington Arms, which had threatened to displace workers following the passage of the SAFE Act.
As part of that tax package, Cuomo is also promising to scrap taxes on manufacturers operating upstate as he tries to reverse a decades - long decline in the region, a former economic powerhouse that has been hit by an outflow of people and jobs.
Kenneth Adams, President and CEO of the Business Council of New York State, said: «Many New York companies, especially upstate manufacturers with energy - intensive production processes, depend on competitively - priced NYPA power.