Cuomo proposes simplifying NY tax code
ALBANY — Gov. Andrew Cuomo says he wants to simplify New York's tax code.
The governor wants to rid the code of provisions he calls a nuisance, such as the boxing and wrestling exhibitions tax, a tax on agricultural cooperatives and the stock transfer tax.
The proposals are part of a larger tax effort unveiled Monday that includes corporate income tax cuts and property tax freezes.
Cuomo says he also wants to raise the threshold for the filing of a personal income tax return from $4,000 to the level of the taxpayer's standard deduction. He said that would eliminate the need for 270,000 taxpayers to file a return.