NIXING CITY INCOME TAX

 

On the heels of Council Speaker Christine Quinn’s State of the City address where she proposed nixing city income tax for residents making less than $45,000 a year, State Sen. Liz Krueger will introduce a bill to allow the city to turn that plan into law. Currently, Albany would have to pass legislation to allow the city to enact this plan. Krueger’s legislation would enable the city to make changes to the tax code without Albany approval.

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