Today, the Tax Foundation (an independent tax policy think tank) released its 2022 State Business Tax Climate Index. The report compares all fifty states on various tax policies, then ranks their overall business tax climate. New York ranked below every state except New Jersey.
NY’s rank in the State Business Tax Climate Index
The poor ranking comes as no surprise. New York has oscillated between 48-50 for over ten years. After enacting new tax increases this year, New York dropped from 48th to 49th.Read More
The BNP recently wrote to Governor Kathy Hochul suggesting steps she can take to maximize the incoming infrastructure investment from Washington.
President Biden recently signed into law the bipartisan Infrastructure Investment and Jobs Act. The BNP advocated for this bill, which has the potential for transformative change in Buffalo Niagara. However, in our current landscape, this historic investment may not go as far in New York as it will in other states.Read More