Senate Bill S5985A

2017-2018 Legislative Session

Relates to reporting requirements for the START-UP NY program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

2017-S5985 - Details

See Assembly Version of this Bill:
A7427
Current Committee:
Assembly Ways And Means
Law Section:
Economic Development Law
Laws Affected:
Amd §§438 & 433, Ec Dev L
Versions Introduced in 2019-2020 Legislative Session:
S661, A2429

2017-S5985 - Summary

Relates to reporting requirements for the START-UP NY program; requires an annual report be prepared and provided to the governor and the legislature including, but not limited to, the number of business applicants, number of businesses approved, benefits distributed and received and the number of net new jobs created per business including cumulative data that reflects the amount previously recorded and adjusted for net new jobs that have been lost.

2017-S5985 - Sponsor Memo

2017-S5985 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5985
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 9, 2017
                                ___________
 
 Introduced  by  Sens.  BOYLE, DeFRANCISCO, AKSHAR, CROCI, MURPHY -- 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 reporting
   requirements for the  START-UP  NY  program  including  specific  data
   relating to net new jobs
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding the provisions of article 5 of the  general
 construction law, the provisions of section 438 of the economic develop-
 ment  law, as amended by section two of this act, are hereby revived and
 shall continue in full force and effect as such  provisions  existed  on
 April 10, 2017.
   §  2. Section 438 of the economic development law, as added by section
 1 of part A of chapter 68 of the laws of 2013, is  amended  to  read  as
 follows:
   §  438.  Disclosure  authorization  and reporting requirements. 1. The
 commissioner and the department shall disclose publicly  the  names  and
 addresses  of the businesses located within a tax-free NY area. In addi-
 tion, the commissioner and the department shall  disclose  publicly  and
 include  in  the  annual  report  required under subdivision two of this
 section such other information contained in  such  businesses'  applica-
 tions and annual reports, including the projected number of net new jobs
 to  be  created, as they determine is relevant and necessary to evaluate
 the success of this program.
   2. (a) The commissioner shall prepare an annual report to the governor
 and the legislature NO LATER THAN APRIL FIRST, TWO THOUSAND EIGHTEEN AND
 ANNUALLY THEREAFTER.  Such report shall include the number  of  business
 applicants,  number  of  businesses approved, the names and addresses of
 the businesses located within a tax-free NY area, total amount of  bene-
 fits distributed, benefits received per business, number of net new jobs

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

co-Sponsors

2017-S5985A (ACTIVE) - Details

See Assembly Version of this Bill:
A7427
Current Committee:
Assembly Ways And Means
Law Section:
Economic Development Law
Laws Affected:
Amd §§438 & 433, Ec Dev L
Versions Introduced in 2019-2020 Legislative Session:
S661, A2429

2017-S5985A (ACTIVE) - Summary

Relates to reporting requirements for the START-UP NY program; requires an annual report be prepared and provided to the governor and the legislature including, but not limited to, the number of business applicants, number of businesses approved, benefits distributed and received and the number of net new jobs created per business including cumulative data that reflects the amount previously recorded and adjusted for net new jobs that have been lost.

2017-S5985A (ACTIVE) - Sponsor Memo

2017-S5985A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5985--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 9, 2017
                                ___________
 
 Introduced  by  Sens. BOYLE, DeFRANCISCO, AKSHAR, CROCI, HELMING, LANZA,
   MURPHY, ORTT, SERINO -- read  twice  and  ordered  printed,  and  when
   printed  to be committed to the Committee on Commerce, Economic Devel-
   opment and Small Business -- recommitted to the Committee on Commerce,
   Economic Development and Small Business in accordance with Senate Rule
   6, sec. 8 -- committee discharged, bill amended, ordered reprinted  as
   amended and recommitted to said committee
 
 AN  ACT  to amend the economic development law, in relation to reporting
   requirements for the  START-UP  NY  program  including  specific  data
   relating to net new jobs
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding the provisions of article 5 of the  general
 construction law, the provisions of section 438 of the economic develop-
 ment  law, as amended by section two of this act, are hereby revived and
 shall continue in full force and effect as such  provisions  existed  on
 April 10, 2017.
   §  2. Section 438 of the economic development law, as added by section
 1 of part A of chapter 68 of the laws of 2013, is  amended  to  read  as
 follows:
   §  438.  Disclosure  authorization  and reporting requirements. 1. The
 commissioner and the department shall disclose publicly  the  names  and
 addresses  of the businesses located within a tax-free NY area. In addi-
 tion, the commissioner and the department shall  disclose  publicly  and
 include  in  the  annual  report  required under subdivision two of this
 section such other information contained in  such  businesses'  applica-
 tions and annual reports, including the projected number of net new jobs
 to  be  created, as they determine is relevant and necessary to evaluate
 the success of this program.
   2. (a) The commissioner shall prepare an annual report to the governor
 and the legislature NO LATER THAN APRIL FIRST, TWO THOUSAND NINETEEN AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.