Tell Governor Paterson and the State Legislature “Don’t Defer Tax Credits”

Businesses will pay $750 million more in state taxes over the next two years under the Governor’s proposal to defer 50 percent of business tax credits. This comes at a time when New York businesses are struggling to stay competitive and keep New Yorkers working and our leaders in Albany should be acting to improve the state’s economic climate.

This proposal would erode key economic development incentives, such as the investment tax credit, Empire Zone credits, brownfield redevelopment credits and others. This proposal affects tax incentives already earned by businesses for investments they have already made in New York State. It says to businesses that economic development incentives offered by New York cannot be counted on.

Tell Governor Paterson and state legislators they must keep the state’s promise to provide these tax credits. Send them a message now click here.