senate Bill S661

2019-2020 Legislative Session

Relates to reporting requirements for the START-UP NY program

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Sponsored By

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to commerce, economic development and small business
Jan 09, 2019 referred to commerce, economic development and small business

Co-Sponsors

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S661 (ACTIVE) - Details

See Assembly Version of this Bill:
A2429
Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Amd §§438 & 433, Ec Dev L
Versions Introduced in 2017-2018 Legislative Session:
S5985, A7427

S661 (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.

S661 (ACTIVE) - Sponsor Memo

S661 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   661

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sens.  BOYLE,  AKSHAR,  HELMING, LANZA, ORTT, SEPULVEDA,
  SERINO -- 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  TWENTY  AND
ANNUALLY  THEREAFTER.   Such report shall include the number of business
applicants, number of businesses approved, the names  and  addresses  of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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