SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, after the New York State Legislature passed its 2014-2015 budget:
“We commend Governor Cuomo, Speaker Silver, and Senate Leaders Skelos and Klein for supporting key tax reforms and applaud their commitment to improving the business climate for many industries throughout the State. The 2014-2015 Budget modernizes outdated rules to conform to a major retooling of federal laws governing financial institutions, providing the financial sector with updated rules to enhance business planning and retention. The new tax laws will allow the industry to remain competitive and strong in order to bring greater benefits to New York.”
