Revising the unincorporated business tax.

State Legislation Resolution requesting the New York State Legislature to pass bills introduced by Senators Maltese, Lanza and Padavan, S.6009-B, and Assembly Member Farrell, A.8275-B, “AN ACT to amend the administrative code of the city of New York, in relation to increasing the deduction for compensation of partners and proprietors under the unincorporated business tax; in relation to decreasing the alternative income plus compensation base under the general corporation tax; in relation to eliminating the alternative tax on income plus compensation and the tax on capital and simplifying tax return filing under the general corporation tax for certain taxpayers with gross income less than two hundred fifty thousand dollars; and in relation to revising the unincorporated business tax paid credit”.