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Assembly Bill A10838

2017-2018 Legislative Session

Relates to defining and establishing a micro-business

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Archive: Last Bill Status - In Assembly Committee

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2017-A10838 (ACTIVE) - Details

Current Committee:
Assembly Small Business
Law Section:
Economic Development Law
Laws Affected:
Add §131-a, Ec Dev L
Versions Introduced in 2015-2016 Legislative Session:
A10038

2017-A10838 (ACTIVE) - Summary

Relates to defining and establishing a micro-business.

2017-A10838 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10838
 
                           I N  A S S E M B L Y
 
                               May 23, 2018
                                ___________
 
 Introduced  by  M.  of  A.  FERNANDEZ  --  read once and referred to the
   Committee on Small Business
 
 AN ACT to amend the economic development law, in  relation  to  defining
   and establishing a micro-business
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The economic development law is amended  by  adding  a  new
 section 131-a to read as follows:
   § 131-A. DEFINITION OF A MICRO BUSINESS. FOR PURPOSES OF THIS CHAPTER,
 UNLESS OTHERWISE PROVIDED IN LAW, A MICRO BUSINESS SHALL BE DEEMED TO BE
 ONE  WHICH  IS RESIDENT IN THIS STATE, INDEPENDENTLY OWNED AND OPERATED,
 NOT DOMINANT IN ITS FIELD, AND EMPLOYS FIVE  OR LESS FULL-TIME EMPLOYEES
 OR FULL-TIME EQUIVALENT EMPLOYEES.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10509-01-7

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