senate Bill S5985A

2017-2018 Legislative Session

Relates to reporting requirements for the START-UP NY program

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Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2018 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1126
committee discharged and committed to rules
Apr 23, 2018 print number 5985a
Apr 23, 2018 amend and recommit to commerce, economic development and small business
Jan 03, 2018 referred to commerce, economic development and small business
Jun 07, 2017 reported and committed to rules
May 09, 2017 referred to commerce, economic development and small business

Votes

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May 9, 2018 - Rules committee Vote

S5985A
25
0
committee
25
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Jun 7, 2017 - Commerce, Economic Development and Small Business committee Vote

S5985
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Jun 7, 2017

Co-Sponsors

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S5985 - Details

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

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.

S5985 - Sponsor Memo

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

view additional co-sponsors

S5985A (ACTIVE) - Details

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

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.

S5985A (ACTIVE) - Sponsor Memo

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.

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