New York Advertising Tax Impact Survey
In November, 2007, New York’s Governor Spitzer proposed the Advertising Tax and was shot down.
Three months later, he proposed it again and it was subsequently championed by Governor Paterson.
In June 2008, the New York Advertising Tax kicked-in after a brief 6-month deliberation by the state legislators, who estimated that the revenue that New York would realize from the passing of the tax would be somewhere in the $100 million per year range(1).
However, these elected officials had not taken the following ramifications under consideration:
A year has passed and additional states have blindly followed in New York’s footsteps without any analysis of the effect that Advertising Tax has had on New York State small businesses.
Therefore, Affiliate Summit has decided to gather relevant information from affiliates whose lives have been upset from the passing of the New York State Advertising Tax.
From July 29, 2009 through August 31, 2009, we will be conducting an impact survey and are asking all affiliates who resided in New York during the calendar year 2008 to participate.
The aggregated information ascertained from this survey will be used to inform policy makers about the impact the New York Advertising Tax has had on New York affiliates.
It is our hope that legislators around the country will evaluate the findings of this report and measure it against the revenue they anticipate collecting from enacting Advertising Tax in their state.
Click here to take the survey.
(1)Goldstein, Joseph. Spitzer’s Christmas Tax Surprise. New York Sun: November 11, 2007
