S T A T E O F N E W Y O R K
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7033
2013-2014 Regular Sessions
I N A S S E M B L Y
April 30, 2013
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Introduced by M. of A. SEPULVEDA -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to the employment
of New York state residents by entities receiving certain tax breaks
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 13 of section 485-b of the real property tax
law, as renumbered by chapter 305 of the laws of 1994, is renumbered
subdivision 14 and a new subdivision 13 is added to read as follows:
13. (A) ANY ENTITY SHALL NOT BE ENTITLED TO RECEIVE THE EXEMPTION
PROVIDED BY THIS SECTION UNLESS AT LEAST EIGHTY-FIVE PERCENT OF ITS
EMPLOYEES ARE RESIDENTS OF THIS STATE OR THE ENTITY FALLS WITHIN AN
EXCEPTION LISTED IN PARAGRAPH (B) OF THIS SUBDIVISION.
(B) AN ENTITY MAY RECEIVE THE EXEMPTION PROVIDED BY THIS SECTION WITH
A WORKFORCE WHERE LESS THAN EIGHTY-FIVE PERCENT OF THE EMPLOYEES ARE
RESIDENTS OF THIS STATE IF IT CAN SHOW THAT:
(I) IT MADE DILIGENT EFFORTS TO HIRE RESIDENT EMPLOYEES, BUT NO SUCH
EMPLOYEES EXISTED OR WERE QUALIFIED FOR THE EMPLOYMENT POSITION; OR
(II) THE EMPLOYMENT POSITION REQUIRES SPECIALIZED TALENTS THAT CAN
ONLY BE FILLED BY INDIVIDUALS WHO HAPPEN TO RESIDE OUTSIDE THIS STATE.
S 2. This act shall take effect on the ninetieth day after it shall
have become a law and shall apply to any exemption claimed on or after
such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04988-01-3