Lalor says Tax-Free NY plan is ‘corporate welfare’

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http://midhudsonnews.com/News/2013/June/07/TaxFreeNY_Lalor-07Jun13.html

WAPPINGERS FALLS – State Assemblyman Kieran Michael Lalor (R-Fishkill) Thursday charged that Democrat Governor Cuomo’s Tax-Free NY proposal a “corporate welfare scheme.”

The plan would create essentially new business incubators at SUNY colleges that would include a no-tax provision for those businesses.

Lalor stood at the Market Street Industrial Park in Wappingers Falls, saying existing business would be subsidizing the tax-free status of those new businesses.

“These businesses are carrying the big, heavy New York State tax burdens 10 years, 20 years, 30 years, 40 years, and they get nothing out of this, they continue to pay the freight, and in fact they are going to be subsidizing their competitors,” Lalor said. “I wouldn’t want to be the owner of a commercial rental property if potential tenants could go 20 miles up the road to a SUNY campus and be free of all the taxes I am paying.”

Market Street Industrial Park owner Jack Fedigan said New York’s taxes “are out of control.” He said all business needs a tax cut.