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Start-Up NY is a bad deal for taxpayers

June 21, 2014
Editorial , Adirondack Daily Enterprise

Despite the objections of people like us, the state has enacted Gov. Andrew Cuomo's START-UP NY, which stands for SUNY Tax-free Areas to Revitalize and Transform Upstate New York. It invites out-of-state companies to not pay taxes of any kind for 10 years if they set up shop near state college campuses. And "no taxes" here really means no taxes: no state corporate tax, no sales tax, no property tax, no franchise fees and no income tax for the company's employees.



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