senate Bill S5997A

2013-2014 Legislative Session

Enacts the HIRE NY act to provide loans through the urban development corporation for hiring by micro-businesses

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Archive: Last Bill Status - In 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 (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2014 print number 5997b
amend (t) and recommit to finance
Mar 10, 2014 notice of committee consideration - requested
Jan 23, 2014 print number 5997a
amend and recommit to finance
Jan 08, 2014 referred to finance
Nov 27, 2013 referred to finance

Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

Co-Sponsors

S5997 - Details

Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-w, UDC Act

S5997 - Summary

Enacts the HIRE NY act to provide zero interest loans through the urban development corporation for hiring by micro-businesses.

S5997 - Sponsor Memo

S5997 - Bill Text download pdf

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

                                  5997

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 27, 2013
                               ___________

Introduced  by  Sen.  GIPSON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the New York state urban development corporation act, in
  relation to enacting the HIRE NY  act;  and  making  an  appropriation
  therefor

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

  Section 1. This act shall be known and may be cited as the "hire indi-
viduals in the real economy New York (HIRE NY) act".
  S 2. 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-w to read as follows:
  S 16-W. THE HIRE NEW YORK PROGRAM. 1. LEGISLATIVE INTENT. THE LEGISLA-
TURE  HEREBY  FINDS THAT MICRO-BUSINESSES ARE THE ENGINES OF OUR ECONOMY
AND ARE VITAL TO THE REVITALIZATION  OF  COMMUNITIES  AND  NEIGHBORHOODS
THROUGHOUT  THE  STATE.  THE  LEGISLATURE FURTHER FINDS THAT CURRENT LAW
FAILS TO MOTIVATE PEOPLE TO START OR EXPAND BUSINESSES. THE  LEGISLATURE
FINDS  THAT  IT IS IMPORTANT TO SPUR START-UP MICRO-BUSINESSES THAT HAVE
THE POTENTIAL TO BECOME THE JOB  ENGINES  FOR  TOMORROW'S  ECONOMY.  THE
LEGISLATURE  FURTHER  FINDS  INVESTMENTS IN ECONOMIC DEVELOPMENT FAIL TO
PROVIDE ANY FUNDING TO MICRO-BUSINESSES. THE LEGISLATURE  FURTHER  FINDS
THAT  SMALL  MICRO-BUSINESSES  WITH  THE PROPER INCENTIVES ARE POISED TO
PROVIDE SIGNIFICANT LOCAL JOB CREATION ACROSS THE STATE. THE LEGISLATURE
FURTHER FINDS THAT TAX CREDITS ARE NOT AN EFFECTIVE JOB CREATION  INCEN-
TIVE  FOR  MICRO-BUSINESSES  BECAUSE  MANY  OF THESE BUSINESSES LACK THE
INCOME THAT MAKES A TAX CREDIT MEANINGFUL. THE LEGISLATURE FURTHER FINDS
THAT CREATION OF A STATEWIDE HIRE NEW YORK FUND WILL PROVIDE THE  NEEDED
CAPITAL FOR THE BUSINESSES OF TOMORROW TO GROW AND EMPLOY MORE NEW YORK-
ERS.
  2.  DEFINITIONS.  AS  USED  IN THIS SECTION, THE FOLLOWING TERMS SHALL
HAVE THE MEANINGS INDICATED:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13164-01-3

Co-Sponsors

view additional co-sponsors

S5997A - Details

Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-w, UDC Act

S5997A - Summary

Enacts the HIRE NY act to provide zero interest loans through the urban development corporation for hiring by micro-businesses.

S5997A - Sponsor Memo

S5997A - Bill Text download pdf

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

                                 5997--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 27, 2013
                               ___________

Introduced  by  Sens. GIPSON, DILAN, MONTGOMERY, PARKER, TKACZYK -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee  on  Finance  --  recommitted to the Committee on Finance in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the New York state urban development corporation act, in
  relation to enacting the HIRE NY  act;  and  making  an  appropriation
  therefor

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

  Section 1. This act shall be known and may be cited as the "hire indi-
viduals in the real economy New York (HIRE NY) act".
  S 2. 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-w to read as follows:
  S 16-W. THE HIRE NEW YORK PROGRAM. 1. LEGISLATIVE INTENT. THE LEGISLA-
TURE  HEREBY  FINDS THAT MICRO-BUSINESSES ARE THE ENGINES OF OUR ECONOMY
AND ARE VITAL TO THE REVITALIZATION  OF  COMMUNITIES  AND  NEIGHBORHOODS
THROUGHOUT  THE  STATE.  THE  LEGISLATURE FURTHER FINDS THAT CURRENT LAW
FAILS TO MOTIVATE PEOPLE TO START OR EXPAND BUSINESSES. THE  LEGISLATURE
FINDS  THAT  IT IS IMPORTANT TO SPUR START-UP MICRO-BUSINESSES THAT HAVE
THE POTENTIAL TO BECOME THE JOB  ENGINES  FOR  TOMORROW'S  ECONOMY.  THE
LEGISLATURE  FURTHER  FINDS  INVESTMENTS IN ECONOMIC DEVELOPMENT FAIL TO
PROVIDE ANY FUNDING TO MICRO-BUSINESSES. THE LEGISLATURE  FURTHER  FINDS
THAT  SMALL  MICRO-BUSINESSES  WITH  THE PROPER INCENTIVES ARE POISED TO
PROVIDE SIGNIFICANT LOCAL JOB CREATION ACROSS THE STATE. THE LEGISLATURE
FURTHER FINDS THAT TAX CREDITS ARE NOT AN EFFECTIVE JOB CREATION  INCEN-
TIVE  FOR  MICRO-BUSINESSES  BECAUSE  MANY  OF THESE BUSINESSES LACK THE
INCOME THAT MAKES A TAX CREDIT MEANINGFUL. THE LEGISLATURE FURTHER FINDS
THAT CREATION OF A STATEWIDE HIRE NEW YORK FUND WILL PROVIDE THE  NEEDED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13164-02-4

Co-Sponsors

view additional co-sponsors

S5997B (ACTIVE) - Details

Current Committee:
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-w, UDC Act

S5997B (ACTIVE) - Summary

Enacts the HIRE NY act to provide zero interest loans through the urban development corporation for hiring by micro-businesses.

S5997B (ACTIVE) - Sponsor Memo

S5997B (ACTIVE) - Bill Text download pdf

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

                                 5997--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 27, 2013
                               ___________

Introduced by Sens. GIPSON, DILAN, KRUEGER, LATIMER, MONTGOMERY, PARKER,
  STAVISKY,  TKACZYK -- read twice and ordered printed, and when printed
  to be committed to the Committee on  Finance  --  recommitted  to  the
  Committee  on  Finance  in  accordance  with  Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted  to  said committee -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT to amend the New York state urban development corporation act, in
  relation to enacting the HIRE NY act

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

  Section 1. This act shall be known and may be cited as the "hire indi-
viduals in the real economy New York (HIRE NY) act".
  S  2.  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-x to read as follows:
  S 16-X. THE HIRE NEW YORK PROGRAM. 1. LEGISLATIVE INTENT. THE LEGISLA-
TURE HEREBY FINDS THAT MICRO-BUSINESSES ARE THE ENGINES OF  OUR  ECONOMY
AND  ARE  VITAL  TO  THE REVITALIZATION OF COMMUNITIES AND NEIGHBORHOODS
THROUGHOUT THE STATE. THE LEGISLATURE FURTHER  FINDS  THAT  CURRENT  LAW
FAILS  TO MOTIVATE PEOPLE TO START OR EXPAND BUSINESSES. THE LEGISLATURE
FINDS THAT IT IS IMPORTANT TO SPUR START-UP MICRO-BUSINESSES  THAT  HAVE
THE  POTENTIAL  TO  BECOME  THE  JOB ENGINES FOR TOMORROW'S ECONOMY. THE
LEGISLATURE FURTHER FINDS INVESTMENTS IN ECONOMIC  DEVELOPMENT  FAIL  TO
PROVIDE  ANY  FUNDING TO MICRO-BUSINESSES. THE LEGISLATURE FURTHER FINDS
THAT SMALL MICRO-BUSINESSES WITH THE PROPER  INCENTIVES  ARE  POISED  TO
PROVIDE SIGNIFICANT LOCAL JOB CREATION ACROSS THE STATE. THE LEGISLATURE
FURTHER  FINDS THAT TAX CREDITS ARE NOT AN EFFECTIVE JOB CREATION INCEN-
TIVE FOR MICRO-BUSINESSES BECAUSE MANY  OF  THESE  BUSINESSES  LACK  THE
INCOME THAT MAKES A TAX CREDIT MEANINGFUL. THE LEGISLATURE FURTHER FINDS
THAT  CREATION OF A STATEWIDE HIRE NEW YORK FUND WILL PROVIDE THE NEEDED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13164-08-4

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