New York: Governor Proposes Tax-Free Zones
- Sales Tax News
- Jan 10, 2013 | Gail Cole
The governor wants the Empire State to remain "a progressive beacon of light to the rest of the nation… ." Toward that end, ten higher education and private sector high-tech incubators will compete to be Innovation Hot Spots. The program will offer "inventors and entrepreneurs support to grow their businesses and be part of a tax-free zone, where start-ups will not be subject to business, real property, and sales taxes… ."
Governor Cuomo hopes the tax-free zones will attract high tech companies to the state. (wkbw.com).