Closing Corporate Tax Loopholes

There are a number of loopholes that have been identified in recent years by various community, labor, and advocacy groups that should be closed to save New York State money.

Closing one of these loopholes - improving the method under which limited liability corporations' annual fees are calculated - was estimated by the Division of the Budget to save $75 million annually as of 2007.

Learn about these other options for raising revenue (Click an item for more information):

• Bigger Better Bottle Bill
• Bulk Purchasing of Prescription Drugs
• Closing Certain Juvenile Detention Centers
• Eliminate Private College and University Aid (aka, Bundy Aid)
• Eliminate Unnecessary State Employee Overtime
• Limit Use of Private Consultants
• Reforming the Empire Zones Program
• Rockfeller Drug Law Reform

Or, click here to return to the Raising Revenue main page.