I wonder what the trade-off is. I mean, business income taxes are generally a bad idea anyway, and it's great to see a state make a move toward eliminating them, but they would also need a way to offset lost revenue. Higher taxes on 10+ year businesses?
To qualify you need to start your business in the janitors closet at one of the amazing SUNY universities, which are conveniently located in the middle of nowhere.
Perhaps they plan to make it up in volume, presumably from the increase in business / economic activity that will occur from businesses starting up / moving to NY
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I wonder what the trade-off is. I mean, business income taxes are generally a bad idea anyway, and it's great to see a state make a move toward eliminating them, but they would also need a way to offset lost revenue. Higher taxes on 10+ year businesses?
To qualify you need to start your business in the janitors closet at one of the amazing SUNY universities, which are conveniently located in the middle of nowhere.
There are also locations listed at CUNY (City University of New York) in NYC.
Perhaps they plan to make it up in volume, presumably from the increase in business / economic activity that will occur from businesses starting up / moving to NY