Testimony before the Senate Select Committee on Budget and Tax Reform
May 21, 2009. Presented by chief economist James Parrott at the committee’s public hearing on New York State’s business tax reform. New York could have a more rational and fairer business tax system by adopting a rule to fix problems with the way multi-state corporate income is apportioned, by revamping its overly generous Investment Tax Credit, and by adjusting its taxation of unincorporated businesses. Testimony >>
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May 21, 2009. Presented by chief economist James Parrott at the committee’s public hearing on New York State’s business tax reform. New York could have a more rational and fairer business tax system by adopting a rule to fix problems with the way multi-state corporate income is apportioned, by revamping its overly generous Investment Tax Credit, and by adjusting its taxation of unincorporated businesses. Testimony >>