senate Bill S6990

2013-2014 Legislative Session

Relates to the excelsior jobs program and eligible business entities

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • 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
Jun 19, 2014 referred to economic development
delivered to assembly
passed senate
May 05, 2014 advanced to third reading
Apr 30, 2014 2nd report cal.
Apr 29, 2014 1st report cal.402
Apr 11, 2014 referred to commerce, economic development and small business

Votes

view votes

Apr 29, 2014 - Commerce, Economic Development and Small Business committee Vote

S6990
11
0
committee
11
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Commerce, Economic Development and Small Business committee vote details

Commerce, Economic Development and Small Business Committee Vote: Apr 29, 2014

aye wr (1)

S6990 - Details

See Assembly Version of this Bill:
A9423
Law Section:
Economic Development Law
Laws Affected:
Amd §§352 & 353, Ec Dev L

S6990 - Summary

Relates to the excelsior jobs program and eligible business entities.

S6990 - Sponsor Memo

S6990 - Bill Text download pdf

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

                                  6990

                            I N  S E N A T E

                             April 11, 2014
                               ___________

Introduced  by  Sen. MARTINS -- (at request of the Empire State Develop-
  ment) -- read twice and  ordered  printed,  and  when  printed  to  be
  committed to the Committee on Commerce, Economic Development and Small
  Business

AN ACT to amend the economic development law, in relation to the excels-
  ior jobs program and eligible business entities

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

  Section 1.  Subdivisions 6, 7, 8, 9, 10, 11, 12, 13, 14, 15,  16,  17,
18  and 19 of section 352 of the economic development law are renumbered
subdivisions 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20  and
a new subdivision 6 is added to read as follows:
  6.  "CORPORATE  HEADQUARTERS"  MEANS  A PLACE WHERE THE EXECUTIVES AND
SENIOR MANAGERS OF A COMPANY OR BUSINESS UNIT DIRECT, CONTROL AND  COOR-
DINATE  THE  OPERATIONS  OF THE COMPANY OR BUSINESS UNIT AS A WHOLE ON A
DAY-TO-DAY BASIS. IT IS THE PART OF A CORPORATE STRUCTURE THAT  COMMONLY
DEALS  WITH IMPORTANT TASKS SUCH AS STRATEGIC PLANNING, CORPORATE COMMU-
NICATIONS, TAXES, LAW, MARKETING, FINANCE, HUMAN RESOURCES, AND INFORMA-
TION TECHNOLOGY. THESE TASKS INCLUDE ALL CORPORATE  FUNCTIONS  NECESSARY
TO STEER THE FIRM BY DEFINING AND ESTABLISHING CORPORATE POLICY.
  S 2. Subdivision 15 of section 352 of the economic development law, as
added  by  section 1 of part MM of chapter 59 of the laws of 2010 and as
renumbered by section one of this act, is amended to read as follows:
  15. "Regionally significant project" means (a) a manufacturer creating
at least fifty net new jobs in the state and making significant  capital
investment in the state; (b) a business creating at least twenty net new
jobs  in agriculture in the state and making significant capital invest-
ment in the state, (c) a financial services firm,  distribution  center,
[or]  back  office operation OR CORPORATE HEADQUARTERS creating at least
three hundred net new jobs in the state and making  significant  capital
investment  in  the  state, or (d) a scientific research and development
firm creating at least twenty net new jobs  in  the  state,  and  making
significant  capital  investment in the state. Other businesses creating
three hundred or more net new jobs in the state and  making  significant

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

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