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
- 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
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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