S T A T E O F N E W Y O R K
________________________________________________________________________
8232
I N S E N A T E
April 27, 2020
___________
Introduced by Sen. BROOKS -- read twice and ordered printed, and when
printed to be committed to the Committee on Consumer Protection
AN ACT to amend the general business law, in relation to price gouging
associated with the novel coronavirus, COVID-19 emergency
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 396-r of the general business law is amended by
adding a new subdivision 5 to read as follows:
5. WHEN A COURT HAS DETERMINED THAT A VIOLATION HAS OCCURRED FOR
PRICE GOUGING ASSOCIATED WITH THE NOVEL CORONAVIRUS, COVID-19 EMERGENCY,
ANY COMPANY, CORPORATION, ASSOCIATION, PARTNERSHIP, LIMITED LIABILITY
COMPANY, INDIVIDUAL, BUSINESS OR LOCATION SHALL BE SUBJECT TO THE
FOLLOWING RESTRICTIONS:
(A) SHALL NOT QUALIFY FOR ANY ECONOMIC RELIEF OR SUPPORT PROGRAMS
ASSOCIATED WITH ECONOMIC RELIEF PROVIDED BY OR TO THE STATE OF NEW YORK
AS A RESULT OF THE NOVEL CORONAVIRUS, COVID-19;
(B) SHALL NOT APPLY FOR ANY CONTRACTS WITH THE STATE FOR A PERIOD OF
FIVE YEARS;
(C) SHALL, EFFECTIVE MARCH THIRTY-FIRST, TWO THOUSAND TWENTY, HAVE ANY
STATE OR LOCAL PROGRAM AND BENEFITS RESCINDED IN WHICH IT IS CURRENTLY
PARTICIPATING AND RECEIVING A REDUCTION IN PROPERTY TAXES, SALES TAX
RELIEF OR A PAYMENT IN LIEU OF TAXES; AND
(D) SHALL NOT PARTICIPATE IN ANY INDUSTRIAL DEVELOPMENT AGENCY
PROGRAMS FOR A FIVE-YEAR PERIOD.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16079-02-0