What?
Reduce the Alternative Minimum Tax (AMT) rate applied to corporations from 3.5% to 1.75% of income. The AMT limits a company's ability to utilize all of the Investment Tax Credits (ITC) it would otherwise earn through investment in plant, equipment and job growth.
Why?
Jobs. The AMT retards investment in New York State by manufacturers
Let's Get in the Game
In early 1995, it was revealed that the state government had promised to give over $70 million of the taxpayers' hard-earned money to a giant, highly profitable corporation from out of state.
Was the reaction one of outrage? No — it was elation.
The state was Virginia, the corporation was Motorola, and the deal was the announcement that the company would build a new chip-making facility outside Richmond
The transition to deregulated hospital rate-setting in New York is working
as planned, so New York should continue moving toward a fully deregulated environment,
according to The Business Council's specialist in health-care issues.
That means that $1.38 billion in "temporary" surcharges
on health-care bills should expire on schedule at
the end of next year, Elliott Shaw, director of government affairs, said in a speech at a conference
on health care at Pace University
Chambers of commerce and other business groups from Buffalo, Syracuse, the
Capital District, and many other parts of the state have declared their strong
support for the "Upstate Agenda for Growth" proposed by The Business Council.
Executives from seven prominent business groups strongly endorsed the Upstate
Agenda at a press conference at the state Capitol Nov
Business Council President Daniel B. Walsh is asking New York State businesses
to consider supporting the New York Special Olympics (NYSO).
Walsh has agreed to serve as chair of the development committee for the NYSO
Summer Games, which will be held in Albany for the next two summers.
Walsh is urging business leaders in the Capital Region and statewide to consider
supporting the Special Olympics by becoming an event sponsor and/or by asking
their employees to become volunteers for the Summer Games
ALBANY "Temporary" taxes totaling $1.38 billion a year that were intended
to support New York State medical institutions undermine the competitiveness
of New York business, make it harder for businesses to afford health insurance,
and fail to deliver many of the intended benefits, according to a new report
from The Public Policy Institute of New York
State
ALBANY Chambers of commerce and other business groups from Buffalo,
Rochester, Syracuse, Albany, and Schenectady today urged lawmakers to enact an
"Upstate Agenda for Growth" proposed by The Business Council.
At a press conference at the state Capitol, Daniel B. Walsh, president of The Business Council
was joined by representatives of the Greater Buffalo Partnership, the Rochester Metro Chamber
of Commerce, the Fulton County Chamber of Commerce, the Schenectady Chamber of
Commerce, the Greater Rensselaer County Chamber of Commerce, and the Albany-Colonie
Chamber of Commerce
ALBANY The Business Council has urged legislative leaders to use a December
session to pass an aggressive package of bills called the "Upstate Agenda for
Growth."
The Upstate Agenda would reduce energy costs, accelerate existing tax cuts, enhance
workforce development, repeal mandates in order to lower property taxes, pre-approve potential
business sites, and promote New York's economic progress to businesses and economic
development professionals both inside and outside New York State
November 23, 1998
Honorable Joseph L. Bruno
President Pro Tem and Majority Leader
New York State Senate
Room 909, LOB
Albany, New York 12247
Dear Senator Bruno:
RE: An Upstate Agenda for Growth, for action in December
A December session of the Legislature would provide an early opportunity to stimulate growth in
the single remaining area where New York still lags the nation economically: Upstate
Local government and business leaders have begun naming state mandates
that decrease local governments' flexibility while driving up their costs
and taxes.
More than 100 local government and business leaders took part in "mandate
reform roundtables" sponsored by the new Coalition for Mandate Reform