Startup New York - Pay No Taxes For 10 Years

[Ravens_Shadow]

To any one interested, NY has a new program that allows eligible businesses to reap the benefits of having no taxes for a 10 year period.

http://startup.ny.gov/

Maybe this is of interest to some one. A few cons from what I can see:

• Obvious limitations of what your business can be
• Must be on or near a college/university campus

 

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[McCoyH]

Non Eligeable business....... What the f*** business does that leave?!?! Retail and wholesale being on the non eligeable list pretty much wipes out everything.... Is this for real?

 

[Enki]

Non Eligeable business....... What the f*** business does that leave?!?! Retail and wholesale being on the non eligeable list pretty much wipes out everything.... Is this for real?

I don't know. But so many factories are going under elsewhere. Maybe you could buy equipment for pennies on the dollar and open some type of manufacturing company.

I think this tax break is probably to encourage creation of low skill manufacturing jobs.

 

[McCoyH]

I don't know. But so many factories are going under elsewhere. Maybe you could buy equipment for pennies on the dollar and open some type of manufacturing company.

I think this tax break is probably to encourage creation of low skill manufacturing jobs.

It says WHOLESALE and retail are ineligeable though

 

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[Enki]

It says WHOLESALE and retail are ineligeable though

Wholesale is a distribution model. manufacturing is production.

 

[Ravens_Shadow]

I'm thinking a tech start up might be eligible, but even that walks a thin line with business services etc.

 

[Enki]

I'm thinking a tech start up might be eligible, but even that walks a thin line with business services etc.

I'm guessing that APPLE probably spent huge money lobbying to get a tax break like this. I remember reading something somewhere about them moving some jobs back to the u.s

 

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