Dear Senator Gonzalez:
Please support S1131 to create Land Value Tax districts:
"Directs the department of taxation and finance to establish a pilot program for implementation of local land value taxation based on classes of land; directs the department of taxation and finance to establish an application procedure for the pilot program."
By taxing land and untaxing buildings, we will get more and better use of land, and more buildings for people to live, work and play in. This tried and proven formula has been used in NYC before in the 1920s-1930s and is why we still have so much pre-war housing; housing was built at 4X the rate of comparable communities. The idea goes back formally to Henry George in the late 19th century, but actually has worked for 1,000s of years in all kinds of regimes.
The current bill would provide a way to ease into LVT again.