Government Affairs

Taxes

The tax code is used to support and incentive economic and socially important behavior. The tax code is used to support and incentive economic and socially important behavior. The following benefits should be considered to support the vitally important hospitality industry sector: the Excelsior Jobs Tax Credit could be extended employers in the hospitality industry;  restaurants that purchase TBD amounts of product from New York farmers and food & beverage manufactures can be provided incentives to encourage NYS commerce and jobs; the city and state Finance Departments should permit the FICA Tip Tax Credit to be an allowable subtraction from that business’s taxable income; eliminate the unfair and unique liquor excise tax imposed by the City on all local liquor license holders.


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