This report shows the liability incurred under the City's three business income taxes: the General Corporation Tax, Banking Corporation Tax, and Unincorporated Business Tax. The reports include distributions by industry sector, liability range, allocation status, and entity type
This report shows the liability incurred under the City's three business income taxes: the General Corporation Tax, Banking Corporation Tax, and Unincorporated Business Tax. The reports include distributions by industry sector, liability range, allocation status, and entity type
New York City furthers its social and economic objectives through a variety of programs. Some programs are funded by direct governmental appropriations while others are funded by reductions in tax liability and are referred to as tax expenditures. This report, mandated by the New York City Charter, identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data. The City administers approximately 60 real property, business income, and excise tax expenditure programs.