New York Governor Cuomo's Second Tax Commission Publishes Recommendations V. 1

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1 Elizabeth Malm, New York Governor Cuomo's Second Tax Commission Publishes Recommendations 1 (2013)

handle is hein.taxfoundation/taxfaada0001 and id is 1 raw text is: TAX :,mnnr 1
FOUNDATION
December 19, 2013
No. 409
New York Governor Cuomo's Second Tax
Commission Publishes Recommendations
By
Elizabeth Maim
Introduction
In mid-December 2013, the second tax commission convened by New York Governor Andrew Cuomo
released its recommendations for reforming the New York tax system with the goal of reducing property and
business taxes substantially in the coming years.' According to the New York State Tax Relief Commission's
final report,
The Governor charged this Commission with devising a series of targeted tax relief
proposals-valued at $2 billion within three years-that would be focused on alleviating the
crushing burdens on individuals, families, and businesses of New York's most onerous taxes
with an emphasis on local and school property taxes.2
These recommendations follow those made by the New York State Tax Reform and Fairness Commission,
which released recommendations in November of 2013.3
Commission Findings
The Commission finds:
In light of New York's comparatively high property taxes, more direct property tax relief is needed
for homeowners and business taxpayers in addition to the 2 percent real property tax cap enacted in
2011.
1 New York State Tax Relief Commission, Final Report (Dec. 2013),
htto2://wvww.governor.nv.Lov/assets/documents/commission revort.pdf [hereinafter Commission Final Report].
2 Id. at 3.
See New York State Tax Reform and Fairness Commission, Final Report (Nov. 2013),
htto://www.Lovernor nv~zov/assets/documents/L-reenislandandrerportandaopendic iesxdf.