The Senate's package won approval of the Senate Finance Committee Wednesday. It may be considered by the full Senate as soon as next week. E ncourage the cleaning of Superfund sites by dedicating corporate tax revenues to that end. E xpand the state's 52 Empire Zones and create 14 new ones. In zones, employers can get tax credits and other benefits if they create jobs there.
E xtend the state's investment tax credit to include leased equipment.
E liminate the minimum tax on the net value of capital stock for telecommunications companies. C reate a credit against corporate taxes for 10 percent of eligible small businesses' costs of employee health insurance premiums. The Senate has also urged repeal of the sales tax on gasoline and diesel fuel. Assembly Minority Leader John Faso has also urged this tax cut. As gasoline prices in recent weeks have increase, the Senate has increased its emphasis on the need to eliminate the sales tax on gasoline and diesel fuel.