Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 04, 2012 | referred to economic development |
Jun 13, 2011 | referred to economic development |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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A8327 (ACTIVE) - Details
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Add §16-u, UDC Act; add §36, Tax L
A8327 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8327 2011-2012 Regular Sessions I N A S S E M B L Y June 13, 2011 ___________ Introduced by M. of A. LENTOL -- read once and referred to the Committee on Economic Development AN ACT to amend the urban development corporation act, in relation to creating a north Brooklyn creative economic zone; and to amend the tax law, in relation to establishing tax credits for the north Brooklyn creative economic zone THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act is amended by adding a new section 16-u to read as follows: S 16-U. NORTH BROOKLYN CREATIVE ECONOMIC ZONE. 1. DEFINITIONS. FOR PURPOSES OF THIS SECTION: (A) "CREATIVE BUSINESS" SHALL MEAN ANY CURRENT OR NEW BUSINESS THAT DEVELOPS PLANS TO ADD JOBS TO THE LOCAL ECONOMY WHILE CREATING NEW TECH- NOLOGY OR NEW PRODUCT DESIGN AND WHICH HAS SUCCESSFULLY APPLIED FOR PATENTS IN THE TECHNOLOGY OR DESIGN THAT IT IS DEVELOPING OR HAS DEVEL- OPED. (B) "MIXED-USE BUILDING" SHALL MEAN ANY SINGLE BUILDING THAT HOUSES RESIDENTIAL AND BUSINESS SPACE SHARED BY FOUR OR MORE BUSINESSES OR A NEW OR REDESIGNED BUILDING DESIGNED TO HOUSE SUCH USES. 2. THE EMPIRE STATE DEVELOPMENT CORPORATION SHALL ESTABLISH A NORTH BROOKLYN CREATIVE ECONOMIC ZONE IN THE FOLLOWING GEOGRAPHICAL AREA: ALL OF THAT LAND WEST OF NEWTOWN CREEK AND, BEGINNING IN A SOUTHERLY DIRECTION ON FLUSHING AVENUE TO BUSHWICK AVENUE AND THEN CONTINUING IN A SOUTHEASTERLY DIRECTION TO ARION PLACE AND THEN CONTINUING IN A SOUTH- WESTERLY DIRECTION TO BROADWAY AND THEN CONTINUING IN A SOUTHEASTERLY DIRECTION TO GATES AVENUE AND THEN CONTINUING IN A WESTERLY DIRECTION TO FULTON AVENUE AND THEN CONTINUING IN A NORTHWESTERLY DIRECTION TO FLAT- BUSH AVENUE AND THEN CONTINUING IN A NORTHWESTERLY DIRECTION TO THE EAST RIVER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13050-01-1