| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Mar 11, 2010 |
print number 6962a |
| Mar 11, 2010 |
amend (t) and recommit to corporations, authorities and commissions |
| Mar 01, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S6962
2009-2010 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
Actions
Bill Amendments
co-Sponsors
(D, IP) Senate District
(D) Senate District
(D, WF) Senate District
(D) Senate District
2009-S6962 - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Rpld §2975-a, Pub Auth L
- Versions Introduced in 2011-2012 Legislative Session:
-
S1910
2009-S6962 - Sponsor Memo
BILL NUMBER: S6962
TITLE OF BILL :
An act to repeal section 2975-a of the public authorities law relating
to the recovery of governmental costs from industrial development
agencies
PURPOSE OR GENERAL IDEA OF BILL :
This bill would repeal section 2975-a of the public authorities law
that allows the state to seek recovery of governmental costs from
industrial development agencies.
JUSTIFICATION :
This bill repeals section 2975-a of the public authorities law. Under
this section, the New York State Department of Taxation and Finance is
authorized to seek reimbursement from IDA's for supposed state costs
attributable to our IDA's.
Often times, the IDA is one of the only economic development tools
that counties have to offer companies that are looking to expand or
relocate here. So, for the state to begin assessing charges on IDA's
would harm their ability to promote economic development and tax base
expansion. To that end, this bill recognizes that by repealing this
unneeded fee on economic development.
2009-S6962 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6962
I N S E N A T E
March 1, 2010
___________
Introduced by Sens. VALESKY, AUBERTINE, FOLEY, C. JOHNSON, STACHOWSKI --
read twice and ordered printed, and when printed to be committed to
the Committee on Corporations, Authorities and Commissions
AN ACT to repeal section 2975-a of the public authorities law relating
to the recovery of governmental costs from industrial development
agencies
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 2975-a of the public authorities law is REPEALED.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16204-01-0
co-Sponsors
(D, WF) Senate District
(D, IP) Senate District
(D) Senate District
(D, WF) Senate District
2009-S6962A (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Rpld §2975-a, Pub Auth L
- Versions Introduced in 2011-2012 Legislative Session:
-
S1910
2009-S6962A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6962A
TITLE OF BILL :
An act in relation to the recovery of state governmental costs from
industrial development agencies; and to repeal section 2975-a of the
public authorities law relating thereto
PURPOSE OR GENERAL IDEA OF BILL :
This bill would repeal section 2975-a of the public authorities law
that allows the state to seek recovery of governmental costs from
industrial development agencies.
JUSTIFICATION :
This bill repeals section 2975-a of the public authorities law. Under
this section, the New York State Department of Taxation and Finance is
authorized to seek reimbursement from IDA's for supposed state costs
attributable to our IDA's.
Often times, the IDA is one of the only economic development tools
that counties have to offer companies that are looking to expand or
relocate here. So, for the state to begin assessing charges on IDA's
would harm their ability to promote economic development and tax base
expansion. To that end, this bill recognizes that by repealing this
unneeded fee on economic development.
2009-S6962A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6962--A
I N S E N A T E
March 1, 2010
___________
Introduced by Sens. VALESKY, AUBERTINE, ESPADA, FOLEY, C. JOHNSON,
STACHOWSKI -- read twice and ordered printed, and when printed to be
committed to the Committee on Corporations, Authorities and Commis-
sions -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT in relation to the recovery of state governmental costs from
industrial development agencies; and to repeal section 2975-a of the
public authorities law relating thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 2975-a of the public authorities law is REPEALED.
S 2. All monies paid by or on behalf of any industrial development
agency or authority to reimburse to New York state an allocable share of
state governmental costs attributable to the provision of services to
industrial development agencies as determined in section 2975-a of the
public authorities law shall be reimbursed to the paying entity within
ninety days of the effective date of this act.
S 3. This act shall take effect immediately and shall be deemed to
have been in full force and effect on and after April 1, 2009.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16204-02-0
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