senate Bill S446A

2011-2012 Legislative Session

Enacts the corporate accountability for tax expenditures act

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 05, 2012 defeated in corporations, authorities and commissions
Feb 21, 2012 notice of committee consideration - requested
Jan 04, 2012 referred to corporations, authorities and commissions
Dec 23, 2011 print number 446a
amend and recommit to corporations, authorities and commissions
Jan 05, 2011 referred to corporations, authorities and commissions

Votes

view votes

Mar 5, 2012 - Corporations, Authorities and Commissions committee Vote

S446A
2
4
committee
2
Aye
4
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Mar 5, 2012

aye (2)

Co-Sponsors

S446 - Details

See Assembly Version of this Bill:
A5920A
Law Section:
Business Corporation Law
Laws Affected:
Add Art 14 §§1401 - 1405, BC L; add Art 10-E §§3980 - 3984, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S750, A557

S446 - Summary

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures (view more) makes certain recapture provisions; and defines relevant terms.

S446 - Sponsor Memo

S446 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   446

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sens.  KRUEGER,  DUANE, PARKER -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Corpo-
  rations, Authorities and Commissions

AN  ACT to amend the business corporation law and the public authorities
  law, in relation to enacting the  "corporate  accountability  for  tax
  expenditures act"

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Short title.  This act shall be known and may be  cited  as
the "corporate accountability for tax expenditures act".
  S  2.  The business corporation law is amended by adding a new article
14 to read as follows:
                                ARTICLE 14
              CORPORATE ACCOUNTABILITY FOR TAX EXPENDITURES
SECTION 1401. DEFINITIONS.
        1402. UNIFIED ECONOMIC DEVELOPMENT BUDGET.
        1403. STANDARDIZED APPLICATIONS FOR  STATE  DEVELOPMENT  ASSIST-
                ANCE.
        1404. STATE DEVELOPMENT ASSISTANCE DISCLOSURE.
        1405. RECAPTURE.
S 1401. DEFINITIONS.
  AS USED IN THIS ARTICLE:
  (A) "BASE YEARS" MEANS THE FIRST TWO COMPLETE CALENDAR YEARS FOLLOWING
THE EFFECTIVE DATE OF A RECIPIENT RECEIVING DEVELOPMENT ASSISTANCE.
  (B) "DATE OF ASSISTANCE" MEANS THE COMMENCEMENT DATE OF THE ASSISTANCE
AGREEMENT,  WHICH DATE TRIGGERS THE PERIOD DURING WHICH THE RECIPIENT IS
OBLIGATED TO CREATE OR  RETAIN  JOBS  AND  CONTINUE  OPERATIONS  AT  THE
SPECIFIC PROJECT SITE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00989-01-1

Co-Sponsors

S446A (ACTIVE) - Details

See Assembly Version of this Bill:
A5920A
Law Section:
Business Corporation Law
Laws Affected:
Add Art 14 §§1401 - 1405, BC L; add Art 10-E §§3980 - 3984, Pub Auth L
Versions Introduced in 2009-2010 Legislative Session:
S750, A557

S446A (ACTIVE) - Summary

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures (view more) makes certain recapture provisions; and defines relevant terms.

S446A (ACTIVE) - Sponsor Memo

S446A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 446--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sens.  KRUEGER,  DUANE, PARKER -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Corpo-
  rations,  Authorities  and  Commissions  -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT to amend the business corporation law and the public authorities
  law, in relation to enacting the  "corporate  accountability  for  tax
  expenditures act"

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Short title.  This act shall be known and may be  cited  as
the "corporate accountability for tax expenditures act".
  S  2.  The business corporation law is amended by adding a new article
14 to read as follows:
                                ARTICLE 14
              CORPORATE ACCOUNTABILITY FOR TAX EXPENDITURES
SECTION 1401. DEFINITIONS.
        1402. UNIFIED ECONOMIC DEVELOPMENT BUDGET.
        1403. STANDARDIZED APPLICATIONS FOR  STATE  DEVELOPMENT  ASSIST-
                ANCE.
        1404. STATE DEVELOPMENT ASSISTANCE DISCLOSURE.
        1405. RECAPTURE.
S 1401. DEFINITIONS.
  AS USED IN THIS ARTICLE:
  (A) "BASE YEARS" MEANS THE FIRST TWO COMPLETE CALENDAR YEARS FOLLOWING
THE EFFECTIVE DATE OF A RECIPIENT RECEIVING DEVELOPMENT ASSISTANCE.
  (B) "DATE OF ASSISTANCE" MEANS THE COMMENCEMENT DATE OF THE ASSISTANCE
AGREEMENT,  WHICH DATE TRIGGERS THE PERIOD DURING WHICH THE RECIPIENT IS
OBLIGATED TO CREATE OR  RETAIN  JOBS  AND  CONTINUE  OPERATIONS  AT  THE
SPECIFIC PROJECT SITE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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