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Tax Band-Aids Don’t Last

May 30, 2013

We are sure there are some who will benefit from Gov. Andrew Cuomo’s proposed Tax Free New York program....

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(9)

ironyoozesfromyouryap

Jun-07-13 11:11 AM

"Tax Free New York is a tacit admission that taxes throughout New York state are so high and regulations are so onerous that it is incredibly difficult to get a business off the ground."

Or, for some of us who are intelligent, it is viewed as a compromise of bi-partisan nature. I'm tired of ***wipes writing these pieces.

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Renaldo

Jun-01-13 8:05 AM

I hear you 99, but doesn't seem much choice given that private businesses are very unlikely able to afford this work. If a program were to be developed with the work structured and organized, I'd think significant cost savings could be gained by setting agreements over a time period with specific contractors... waiting until the situation is catastrophic will cost much more.

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concernedcitizen99

May-31-13 3:21 PM

@Renaldo: Agree but also need to have state historic preservation on board with understanding the fiscal realities of the cost involved in renovating old structures whether commercial or residential. Remember if the state or federal govt grants money for these then tehy come under the watchful eye of our wonderful historic preservationists in Albany.

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Renaldo

May-31-13 6:30 AM

Couldn't agree more with this article. I will keep repeating that I think where state and federal aid is desperately needed is towards assistance in the demolition and/or renovation of old industrial buildings, either vacant or in use but in poor condition... part of this renovation should include high-efficiency changes to reduce the heating/cooling burden. Without this, our existing vacant shells will continue to sit and rot until their situation becomes dangerous (ala Dahlstrom building), so we are going to pay for this eventually anyway. Imagine for Jamestown, if say in 10-15 years, all of these rotting buildings were fixed up or cleared... not only a drastic visual improvement, but suddenly Jamestown would have a rare availability of high quality industrial buildings to attract businesses.

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concernedcitizen99

May-30-13 6:17 PM

Good editorial. If NYS was business friendly and had an equitable tax structure this type of program would not be necessary. Again, the state tries to correct the symptom but fails to address the problem. Also understnd that employees of tax-free certified businesses will be exempt from NYS Income Tax. Good way to promote the loss of quality employees from exiting businesses in the state. Only 200,000 sq ft of off-campus space will be allowed to be certified. I believe this program was designed for & will benefit the University Campuses (ie. UB Med Corridor). Fredonia & JCC may see some limited activity but it takes more than a tax incentive to keep a company local. Trained workforce,fair tax system,regulations that incent companies, strong communities...these are attributes that will rebuild our economy.

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FedUpL8ly

May-30-13 4:05 PM

Still feels like some politically connected own property near campuses and will see the value of their properties increase dramatically.

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Seadog

May-30-13 9:28 AM

CharlesK - welcome to the wonderful world of Obama.

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Yankees1

May-30-13 7:00 AM

Taking away the tax burden to one area just increases the tax burden to everyone else. The article is exactly right, fix the bigger problem, NYS.

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CharlesK

May-30-13 6:45 AM

Kind of like cash-for-clunkers. I went out and paid full price for my vehicle, then had to help others pay to get theirs. Seems fair doesn't it? NOT!

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