assembly Bill A4432

2021-2022 Legislative Session

Relates to reporting requirements for the START-UP NY program

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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 05, 2022 referred to economic development
Feb 04, 2021 referred to economic development

Co-Sponsors

A4432 (ACTIVE) - Details

Law Section:
Economic Development Law
Laws Affected:
Add §438, amd §433, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2017-2018: A7524
2019-2020: A4125

A4432 (ACTIVE) - Summary

Relates to disclosure authorization and reporting requirements for the START-UP NY program.

A4432 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4432
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced  by M. of A. RA -- read once and referred to the Committee on
   Economic Development
 
 AN ACT to amend the economic development law, in relation  to  reporting
   requirements for the START-UP NY program
 
   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 438 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.  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
 CREATED, NET NEW JOBS CREATED PER BUSINESS, NEW INVESTMENT PER BUSINESS,
 THE  TYPES  OF  INDUSTRIES REPRESENTED AND SUCH OTHER INFORMATION AS THE
 COMMISSIONER DETERMINES IS NECESSARY TO EVALUATE  THE  PROGRESS  OF  THE
 START-UP NY PROGRAM.
   (B)  ANY  BUSINESS LOCATED IN A TAX-FREE NY AREA MUST SUBMIT AN ANNUAL
 REPORT TO THE COMMISSIONER IN A FORM AND AT  SUCH  TIME  AND  WITH  SUCH
 INFORMATION  AS  PRESCRIBED BY THE COMMISSIONER IN CONSULTATION WITH THE
 COMMISSIONER OF TAXATION AND FINANCE. SUCH INFORMATION SHALL  BE  SUFFI-
 CIENT  FOR THE COMMISSIONER AND THE COMMISSIONER OF TAXATION AND FINANCE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.