|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to corporations, authorities and commissions|
|Jan 14, 2011||referred to corporations, authorities and commissions|
senate Bill S1910
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1910 - Details
- Law Section:
- Public Authorities Law
- Laws Affected:
- Rpld §2975-a, Pub Auth L
- Versions Introduced in 2009-2010 Legislative Session:
S1910 - Sponsor Memo
BILL NUMBER:S1910 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.
S1910 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1910 2011-2012 Regular Sessions I N S E N A T E January 14, 2011 ___________ Introduced by Sens. VALESKY, ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions 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 Section 2975-a of the public authorities law is REPEALED.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, 2010. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06460-01-1
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