Budget enhancement?
This article was originally published in The Gray Sheet
Executive Summary
New York City would generate $62 mil. in added revenue in 2005 and $83 mil. a year by 2008 by imposing a sales tax on cosmetic surgical and non-surgical procedures, according to an Independent Budget Office report on budget options released Feb. 12. The report notes that proponents of such a tax might argue that cosmetic enhancements should be treated on par with cosmetic products. Other options listed include commuter taxes, elimination of certain property tax exemptions, a "latte" tax and library video rental fees. IBO does not endorse any specific options...
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