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News
Freelancers Await Senate Action on Reduced Business Tax
by Ilya Marritz
NEW YORK, NY June 22, 2009 —As the stalemate drags on in Albany a key change to the city tax code hangs in the balance. Groups representing self-employed workers convinced the Mayor, the City Council, and the State Assembly to repeal or reduce the Unincorporated Business Tax for 17,000 freelancers.
Now they're waiting for approval from the state senate, where no bills have been passed since an apparent coup on June 9th. Sara Horowitz is the founder of Freelancers Union.
HOROWITZ: We just want to make sure that freelancers get the money that should be theirs and we are confident that that will happen.
REPORTER: The rollback of the Unincorporated Business Tax will cost the city about $25 million a year.
Horowitz says Freelancers Union had already done extensive outreach to Senators, and is prepared to resume lobbying as soon as the deadlock is broken.
Vote 2009
WNYC provides analysis of the characters and debates of those running for mayor, comptroller, public advocate, district attorney and City Council. Share your election story or gripe and post your comments on the news blog.
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Financial 411
WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 weekdays which is available via podcast, with highlights from the day and a preview of what you can expect tomorrow.
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Main Street NYC
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Uncommon Economic Indicators
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