|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 09, 2018||referred to ways and means|
delivered to assembly
ordered to third reading cal.1124
committee discharged and committed to rules
|Mar 19, 2018||notice of committee consideration - requested|
|Jan 03, 2018||referred to corporations, authorities and commissions|
|Jan 23, 2017||referred to corporations, authorities and commissions|
senate Bill S3354
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3354 (ACTIVE) - Details
S3354 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3354 TITLE OF BILL : An act to amend the business corporation law, in relation to enacting the unified economic development budget act PURPOSE : Directs the Division of the Budget to prepare an annual Unified Economic Development Budget that outlines the aggregate amounts of State investments in economic development projects statewide, the benefactors of these investments and the number of jobs businesses created or retained as a result of this development assistance. SUMMARY OF PROVISIONS : Section 1. Short title. § 2. The Business Corporation Law is amended by adding a new article 14. § 1401. Definitions. § 1402. Unified Economic Development Budget. (a) The Division of the Budget, in collaboration with the Department of Taxation and Finance, is directed to prepare each fiscal year, ending on or after June 30, 2020, a Unified Economic Development Budget. (b) Specifies that all
S3354 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3354 2017-2018 Regular Sessions I N S E N A T E January 23, 2017 ___________ Introduced by Sens. KRUEGER, PERKINS, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Corpo- rations, Authorities and Commissions AN ACT to amend the business corporation law, in relation to enacting the unified economic development budget act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "unified economic development budget act". § 2. The business corporation law is amended by adding a new article 14 to read as follows: ARTICLE 14 UNIFIED ECONOMIC DEVELOPMENT BUDGET SECTION 1401. DEFINITIONS. 1402. UNIFIED ECONOMIC DEVELOPMENT BUDGET. 1403. STANDARDIZED APPLICATIONS FOR STATE DEVELOPMENT ASSIST- ANCE. 1404. STATE DEVELOPMENT ASSISTANCE DISCLOSURE. § 1401. DEFINITIONS. AS USED IN THIS ARTICLE: (A) "ANNUAL TAX EXPENDITURE REPORT" IS AS DEFINED BY SECTION ONE HUNDRED EIGHTY-ONE OF THE EXECUTIVE LAW. (B) "BASE YEARS" MEANS THE FIRST TWO COMPLETE CALENDAR YEARS FOLLOWING THE EFFECTIVE DATE OF A RECIPIENT RECEIVING DEVELOPMENT ASSISTANCE. (C) "DATE OF ASSISTANCE" MEANS THE COMMENCEMENT DATE OF THE ASSISTANCE AGREEMENT, WHICH DATE TRIGGERS THE PERIOD DURING WHICH THE RECIPIENT IS OBLIGATED TO CREATE OR RETAIN JOBS AND CONTINUE OPERATIONS AT THE SPECIFIC PROJECT SITE. (D) "DEVELOPMENT ASSISTANCE" MEANS: (1) TAX EXPENDITURES GIVEN AS AN INCENTIVE TO RECIPIENT BUSINESSES, NOT-FOR-PROFIT ORGANIZATIONS AND GOVERNMENT ENTITIES FOR ECONOMIC DEVELOPMENT PURPOSES; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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