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Article: LITTLE DONE TO FIX EMPIRE ZONE TAX PROGRAM; LEGISLATURE FAILS TO APPROVE REFORMS. TAX DEPARTMENT DENIED BENEFITS ONLY TO 7.(Local)
- Article from:
- The Post-Standard (Syracuse, NY)
- Article date:
- July 13, 2008
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Byline: Mike McAndrew Staff writer
A year after a consultant to the governor called the Empire Zone tax breaks ineffective, New York has made little progress in fixing the nearly $600 million-per-year program.
A state Tax Department crackdown on businesses that took advantage of the program's loopholes resulted in benefits being denied to seven businesses.
The state agency that runs the Empire Zones has had minimal success in weeding out businesses that haven't created jobs.
And the Legislature recessed last month without approving Empire Zone reforms. For the second consecutive year, the Assembly in June passed a sweeping Empire Zone ...