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Assembly Bill A6650

2017-2018 Legislative Session

Relates to defining and establishing a micro-business

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2017-A6650 (ACTIVE) - Details

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

2017-A6650 (ACTIVE) - Summary

Relates to defining and establishing a micro-business.

2017-A6650 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6650
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 10, 2017
                                ___________
 
 Introduced by M. of A. GJONAJ -- 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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