Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 19, 2014 |
referred to economic development delivered to assembly passed senate |
May 05, 2014 |
advanced to third reading |
Apr 30, 2014 |
2nd report cal. |
Apr 29, 2014 |
1st report cal.402 |
Apr 11, 2014 |
referred to commerce, economic development and small business |
Senate Bill S6990
2013-2014 Legislative Session
Sponsored By
(R, C) 7th Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S6990 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9423
- Current Committee:
- Assembly Economic Development
- Law Section:
- Economic Development Law
- Laws Affected:
- Amd §§352 & 353, Ec Dev L
2013-S6990 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6990 TITLE OF BILL: An act to amend the economic development law, in relation to the excelsior jobs program and eligible business entities Purpose of the Bill: The bill would amend the Excelsior Jobs Program to include corporate headquarters as strategic businesses eligible for the Program. Summary of Provisions: Section 1 of the bill would add the definition of "corporate headquarters" in a new subdivision 6 of Economic Development Law (EDL) § 352. The subsequent subdivisions previously numbered 6 through 19 would be renumbered. Section 2 of the bill would revise renumbered subdivision 15 of EDL 152 to include corporate headquarters under the definition of "regionally significant project." Section 3 of the bill would insert a new paragraph (h) into EDL 353(1) to include corporate headquarters as strategic business entities eligible for the Program. Subdivisions 3 and 4 of EDL § 353 would be amended to require corporate headquarters to create at least 100 net new jobs, or meet the existing requirements of subdivision 4,
2013-S6990 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6990 I N S E N A T E April 11, 2014 ___________ Introduced by Sen. MARTINS -- (at request of the Empire State Develop- ment) -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Development and Small Business AN ACT to amend the economic development law, in relation to the excels- ior jobs program and eligible business entities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19 of section 352 of the economic development law are renumbered subdivisions 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20 and a new subdivision 6 is added to read as follows: 6. "CORPORATE HEADQUARTERS" MEANS A PLACE WHERE THE EXECUTIVES AND SENIOR MANAGERS OF A COMPANY OR BUSINESS UNIT DIRECT, CONTROL AND COOR- DINATE THE OPERATIONS OF THE COMPANY OR BUSINESS UNIT AS A WHOLE ON A DAY-TO-DAY BASIS. IT IS THE PART OF A CORPORATE STRUCTURE THAT COMMONLY DEALS WITH IMPORTANT TASKS SUCH AS STRATEGIC PLANNING, CORPORATE COMMU- NICATIONS, TAXES, LAW, MARKETING, FINANCE, HUMAN RESOURCES, AND INFORMA- TION TECHNOLOGY. THESE TASKS INCLUDE ALL CORPORATE FUNCTIONS NECESSARY TO STEER THE FIRM BY DEFINING AND ESTABLISHING CORPORATE POLICY. S 2. Subdivision 15 of section 352 of the economic development law, as added by section 1 of part MM of chapter 59 of the laws of 2010 and as renumbered by section one of this act, is amended to read as follows: 15. "Regionally significant project" means (a) a manufacturer creating at least fifty net new jobs in the state and making significant capital investment in the state; (b) a business creating at least twenty net new jobs in agriculture in the state and making significant capital invest- ment in the state, (c) a financial services firm, distribution center, [or] back office operation OR CORPORATE HEADQUARTERS creating at least three hundred net new jobs in the state and making significant capital investment in the state, or (d) a scientific research and development firm creating at least twenty net new jobs in the state, and making significant capital investment in the state. Other businesses creating three hundred or more net new jobs in the state and making significant EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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