Government Affairs Albany Update
April 28, 2010

Proposed Tax Credit Deferral Legislation

Yesterday, Governor Paterson proposed cutting business tax credits by one-half for 2010, 2011 and 2012 (see press announcement here). The Governor’s proposed legislation is available here and provides specifics on this proposal. 

Its key provisions:

I would appreciate any feedback you have on this proposal as we respond to this legislation.

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