Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 29, 2017 |
approval memo.26 signed chap.435 |
Nov 17, 2017 |
delivered to governor |
Jun 21, 2017 |
returned to senate passed assembly ordered to third reading rules cal.659 substituted for a8179 |
Jun 15, 2017 |
referred to small business delivered to assembly passed senate |
Jun 14, 2017 |
ordered to third reading cal.1759 committee discharged and committed to rules |
Jun 05, 2017 |
print number 5349a |
Jun 05, 2017 |
amend (t) and recommit to education |
Mar 22, 2017 |
referred to education |
Senate Bill S5349A
Signed By Governor2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(D) Senate District
(D, WF) Senate District
(D, IP) Senate District
2017-S5349 - Details
- See Assembly Version of this Bill:
- A8179
- Law Section:
- Economic Development Law
- Laws Affected:
- Add §139, Ec Dev L
2017-S5349 - Sponsor Memo
BILL NUMBER: S5349 REVISED MEMO 04/28/2017 TITLE OF BILL : An act to amend the education law, in relation to employee-owned enterprises; to amend the cooperative corporations law, in relation to creating an advisory panel on the viability of increasing employee-owned enterprises; and to amend the tax law, in relation to a capital gains exemption PURPOSE OR GENERAL IDEA OF BILL : THIS BILL WILL PROVIDE BUSINESS AND INDUSTRY TRAINING TO MEMBERS OF AN EMPLOYEE-OWNED ENTERPRISE, CREATE AN ADVISORY PANEL THAT WILL EXPLORE THE VIABILITY OF INCREASING EMPLOYEE-OWNED ENTERPRISES IN THE STATE, AND PROVIDE A 100% CAPITAL GAINS EXEMPTION FOR THE SALE OF STOCK TO AN EMPLOYEE-OWNED ENTERPRISE. SUMMARY OF SPECIFIC PROVISIONS : Section 1 amends paragraph (a) of subdivision 4 of section 3032 of the education law to include training that will promote the successful management and/or operation of employee-owned enterprises. Section 2 amends the cooperative corporations law by adding a new section 95, which creates an advisory panel on the viability of increasing employee-owned enterprises in the State.
2017-S5349 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5349 2017-2018 Regular Sessions I N S E N A T E March 22, 2017 ___________ Introduced by Sen. ALCANTARA -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law, in relation to employee-owned enter- prises; to amend the cooperative corporations law, in relation to creating an advisory panel on the viability of increasing employee- owned enterprises; and to amend the tax law, in relation to a capital gains exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 4 of section 3032 of the education law, as amended by chapter 683 of the laws of 1986, is amended to read as follows: (a) Employer specific skill training grant programs shall be designed to support, supplement and contribute to the expansion and maintenance of the economy of the state. Local education agencies shall apply to the commissioner for grants for conducting employer specific skill training programs. Application for funds by local education agencies for training programs shall be in a manner consistent with the application process for business and industry specific training programs under the voca- tional education act of 1963 and the job training partnership act; the sum of such grants per region shall not exceed the total funds allocated or reallocated to the region for such purposes. Such programs shall provide retraining and upgrading to existing or potential personnel in order to improve technology, quality control, production efficiency, or to adapt to other changes in the labor market, or to provide unique training programs to meet the emerging needs and occupations of the state's business and industry or providing training to individuals to promote the successful management and/or operation of [a business purchased by such individuals to provide for their continued employment through the formation of a worker owned cooperative or an employee stock ownership plan] EMPLOYEE-OWNED ENTERPRISES, AS DEFINED BY SUBDIVISION EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
(D, WF) Senate District
(D, IP) Senate District
2017-S5349A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8179
- Law Section:
- Economic Development Law
- Laws Affected:
- Add §139, Ec Dev L
2017-S5349A (ACTIVE) - Summary
Relates to establishing an advisory panel on employee-owned enterprises; provides such panel shall consist of twelve members who shall report and make recommendations on how best to support existing employee-owned enterprises and promote new employee-owned enterprises.
2017-S5349A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5349A TITLE OF BILL : An act to amend the economic development law, in relation to establishing an advisory panel on employee-owned enterprises within the division of small business services; and providing for the repeal of such provisions upon expiration thereof PURPOSE OF THE BILL : This bill would create an advisory panel on employee-owned enterprises in order to report and make recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York State. SUMMARY OF SPECIFIC PROVISIONS : This bill would establish an advisory panel within the Department of Economic Development for the purpose of reviewing state laws and programs in order to report and make recommendations on how to support and promote employee-owned enterprises in New York State. The panel would consist of twelve members with expertise related to employee-owned enterprises, including the Commissioners of Economic Development, Labor, and Tax and Finance. The panel would be responsible for identifying and recommending strategies to promote the creation and development of new
2017-S5349A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5349--A 2017-2018 Regular Sessions I N S E N A T E March 22, 2017 ___________ Introduced by Sens. ALCANTARA, HAMILTON, PERALTA, SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the economic development law, in relation to establish- ing an advisory panel on employee-owned enterprises within the divi- sion of small business services; and providing for the repeal of such provisions upon expiration thereof 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 139 to read as follows: § 139. ADVISORY PANEL ON EMPLOYEE-OWNED ENTERPRISES. 1. DEFINITION. AS USED IN THIS SECTION, THE TERM "EMPLOYEE-OWNED ENTERPRISE" SHALL MEAN A BUSINESS IN WHICH THE EMPLOYEES CONTROL THE MAJORITY OF THE VOTING STOCK, OR IF THE BUSINESS IS HELD IN A TRUST WHICH CONTROLS THE MAJORITY OF THE VOTING STOCK, THE TRUSTEES ARE ELECTED BY THE EMPLOYEES. THE TERM "EMPLOYEE-OWNED ENTERPRISE" SHALL ALSO REFER TO A WORKER COOPERATIVE AS DEFINED IN SECTION EIGHTY-ONE OF THE COOPERATIVE CORPORATIONS LAW. 2. ESTABLISHMENT OF ADVISORY PANEL. AN ADVISORY PANEL IS HEREBY CREATED WITHIN THE DEPARTMENT FOR THE PURPOSE OF REVIEWING STATE LAWS AND PROGRAMS IN ORDER TO REPORT AND MAKE RECOMMENDATIONS ON HOW BEST TO SUPPORT EXISTING EMPLOYEE-OWNED ENTERPRISES, PROMOTING THE FORMATION OF NEW EMPLOYEE-OWNED ENTERPRISES, AND PROMOTING THE CONTINUED GROWTH OF SUCH BUSINESSES IN THE STATE. 3. COMPOSITION OF ADVISORY PANEL. (A) THE ADVISORY PANEL SHALL CONSIST OF TWELVE MEMBERS, INCLUDING: (I) THE COMMISSIONER, OR HIS OR HER DESIGNEE, WHO SHALL BE DESIGNATED AS CHAIR OF THE ADVISORY PANEL; (II) THE COMMISSIONER OF LABOR, OR HIS OR HER DESIGNEE; (III) THE COMMISSIONER OF TAX AND FINANCE, OR HIS OR HER DESIGNEE; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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