Skip to comments.Colleges as tax havens [ Same Ole tired economic policies from Cuomo ]
Posted on 05/23/2013 5:12:20 AM PDT by Fitzy_888
Gov. Andrew Cuomo calling job creation the state's "number-one mission" on Wednesday unveiled a plan for dozens of tax-free zones on public college campuses across the state.
The zones would be available to new businesses as well as to businesses that relocate from outside the state, and to those that create net new jobs. In the zones, they would face no business or corporate tax, no sales tax, no property tax, no franchise fee and no state income tax for the owner of the company or its employees. The breaks would last for 10 years.
One of the reasons the NanoCollege was chosen for the first announcement is that the school has been buying up properties across upstate in places like Utica and Rochester to set up research operations. Companies from both within the state and outside have been invited to set up operations in these college-owned labs as a job-creation tool.
(Excerpt) Read more at timesunion.com ...
Cuomo's big plan now is to seed economic growth in the one place that universally nobody has any money to spend => college campuses. Once a student buys they're tax free hemp tapestry for their dorm room then what? They're broke, that's what.
However, to the extent this plan is analogous to a "PX" store on a military base...guess it will further militarize the leftist indoctrination on college campuses. Check that box!
so the Ivory Tower Libs are going to get first dibs special treatment over the blue collar schlubs from places like Buffalo.
If your a liberal arts professor and only show up 12-16 hours per week...that leaves a lot of time for tax free shopping.
Every business on the planet gets some similar tax incentive benefit to locate to specific areas. I guess it is ok, but generally, only the lowly farmer gets condemned for subsidies that amount to diddly by comparison. I am for ending all subsidies, all government checks doled out for nothing should be terminated. Let the free market rule.