This Week in Government Affairs
September 16, 2013
- Legislative Update
- Senate Tax Reform Hearings
Senate Tax Reform Hearings
The Business Council highlighted the need for improving New York’s business climate and promoting economic growth at the first in a series of statewide State Senate tax hearings in Albany. Numerous studies show that New York leads the nation in combined state and local tax burdens. Businesses pay approximately 25 percent of all state taxes - and 40 percent of local taxes - for a combined tax burden of 34 percent, according to Public Policy Institute research. The Business Council expressed its support for broad based business tax reforms that would improve the state’s economic climate, as well as the need to update the state’s business tax code, reduce marginal tax rates, and improve administrative processes, among other reforms. The Business Council also discussed the role that tax credits play in promoting capital investment and job creation. Senate hearings are scheduled throughout the state for September and October. The Business Council’s testimony is available here.
Staff contact: Ken Pokalsky
The Department of Environmental Conservation has proposed regulations to allow for the siting, construction, and operation of liquefied natural gas (LNG) facilities and the intra-state transportation of LNG in New York state, as required in Article 23, Title 17 of the Environmental Conservation Law. The DEC expects this new regulatory program to facilitate the siting of vehicle fleet fueling facilities and storage facilities for industrial and commercial sites that use LNG as a backup heating fuel. The Business Council has pushed for legislative or regulatory reform to allow for expanded use of LNG in vehicle and facility applications. The proposed regulations, the regulatory impact statement, and related information can be found here. The Department’s study of environmental, regulatory and economic impacts of expanded LNG use is available here.
Written comments on the proposed regulations will be accepted until November 4, at 5:00 p.m.. The Business Council will be circulating a detailed summary of this proposal to interested members, and will be submitting comments to the Department.
For additional information, contact Darren Suarez