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Post details: New York City --Multiple Taxes: NYC Mayor's Preliminary Budget Includes Tax Cuts
12/09/07
New York City --Multiple Taxes: NYC Mayor's Preliminary Budget Includes Tax Cuts
CCH (cch.taxgroup.com) reports:
In his fiscal year 2008 preliminary budget proposal, New York City Mayor Michael R. Bloomberg announced his intention to provide $1 billion in business, sales, and property tax relief. The Mayor proposed eliminating New York City sales taxes on all clothing and shoes, and providing five job-creating tax breaks for small businesses and S corporations in New York City. He also proposed a temporary, one-year property tax rate reduction, which would be in addition to the extended $400 property tax rebates for homeowners.
Press Release , Office of New York City Mayor Michael R. Bloomberg, January 25, 2007.
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