Legislative Session Kicks Off: Five Issues to Watch from the State of the State Address
Today, Governor Cuomo kicked off the 2020 legislative session with the State of the State address. This address is typically an opportunity for the Governor to outline major policy priorities for the coming year. During the address, Cuomo unveiled the broad strokes of an agenda which includes several items of interest to independent agents and brokers. Small Business Tax Cut: The governor has proposed cutting the tax rate for businesses employing fewer than 100 workers and with less than $390,000 in income from 6.5% to 4%. Gig Economy: The governor plans to introduce legislation to reclassify “gig workers" such as rideshare drivers, delivery workers, and…