Skelos says Senate will push for downstate tax break for manufacturers

advertisement | advertise on newsday

Spin Cycle

News, views and commentary on Long Island, state and national politics.

ALBANY -- Senate co-leader Dean Skelos (R-Rockville Centre) said Monday that his chamber wants to expand a proposed manufacturing tax break to downstate companies including those on Long Island.

Skelos said the expansion is expected to be part of the Senate’s budget proposal to be released next week.

In his $142.1 billion budget proposal, Gov. Andrew M. Cuomo proposed to reduce the income tax for manufacturers to zero, from 5.9 percent. But Cuomo would target only upstate companies as a way to turn around the long stagnant upstate economy.

advertisement | advertise on newsday

On Friday, the Senate and Assembly agreed that their economic and budget forecasts provide $175 million more than Cuomo proposed in January. That funding could be used to expand the tax break and additional spending agreed to by the Legislature and governor.

Michael Whyland, spokesman for the Assembly’s Democratic majority, had no comment on the Senate proposal.

The Senate and Assembly are scheduled to release their one-house budget proposals next week. After that, budget negotiations begin in earnest headed to an April 1 deadline.

You also may be interested in: