This report presents statistical information for tax year 1999 for the three New York City business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax (GCT), and the Unincorporated Business Tax (UBT).
The Commission has, since its inception, and in accordance with its Executive Order, released annual reports detailing its activities for each past year.
New York City provides a variety of programs to further social and economic objectives by mean of targeted tax incentives or benefits which reduce tax liabilities, otherwise referred to as Tax Expenditures.