Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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May 24, 2022 | referred to economic development delivered to assembly passed senate ordered to third reading cal.1493 committee discharged and committed to rules |
May 09, 2022 | print number 1275a |
May 09, 2022 | amend (t) and recommit to corporations, authorities and commissions |
Jan 05, 2022 | referred to corporations, authorities and commissions returned to senate died in assembly |
Jun 02, 2021 | referred to economic development delivered to assembly passed senate |
May 24, 2021 | ordered to third reading cal.1266 committee discharged and committed to rules |
Jan 08, 2021 | referred to corporations, authorities and commissions |
senate Bill S1275A
Sponsored By
Liz Krueger
(D, WF) 28th Senate District
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
Votes
Bill Amendments
Co-Sponsors
Alessandra Biaggi
(D, WF) 0 Senate District
Andrew Gounardes
(D) 26th Senate District
John C. Liu
(D) 16th Senate District
Rachel May
(D, WF) 48th Senate District
S1275 - Details
S1275 - Sponsor Memo
BILL NUMBER: S1275 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the business corporation law, in relation to enacting the unified economic development budget act PURPOSE: Directs the Division of the Budget to prepare an annual Unified Economic Development Budget that outlines the aggregate amounts of State invest- ments in economic development projects statewide, the benefactors of these investments and the number of jobs businesses created or retained as a result of this development assistance. SUMMARY OF PROVISIONS: Section 1. Short title. § 2. The Business Corporation Law is amended by adding a new article
S1275 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1275 2021-2022 Regular Sessions I N S E N A T E January 8, 2021 ___________ Introduced by Sens. KRUEGER, BIAGGI, GOUNARDES, LIU, SERRANO, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the business corporation law, in relation to enacting the unified economic development budget act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "unified economic development budget act". § 2. The business corporation law is amended by adding a new article 14 to read as follows: ARTICLE 14 UNIFIED ECONOMIC DEVELOPMENT BUDGET SECTION 1401. DEFINITIONS. 1402. UNIFIED ECONOMIC DEVELOPMENT BUDGET. 1403. STANDARDIZED APPLICATIONS FOR STATE DEVELOPMENT ASSIST- ANCE. 1404. STATE DEVELOPMENT ASSISTANCE DISCLOSURE. § 1401. DEFINITIONS. AS USED IN THIS ARTICLE: (A) "ANNUAL TAX EXPENDITURE REPORT" IS AS DEFINED BY SECTION ONE HUNDRED EIGHTY-ONE OF THE EXECUTIVE LAW. (B) "BASE YEARS" MEANS THE FIRST TWO COMPLETE CALENDAR YEARS FOLLOWING THE EFFECTIVE DATE OF A RECIPIENT RECEIVING DEVELOPMENT ASSISTANCE. (C) "DATE OF ASSISTANCE" MEANS THE COMMENCEMENT DATE OF THE ASSISTANCE AGREEMENT, WHICH DATE TRIGGERS THE PERIOD DURING WHICH THE RECIPIENT IS OBLIGATED TO CREATE OR RETAIN JOBS AND CONTINUE OPERATIONS AT THE SPECIFIC PROJECT SITE. (D) "DEVELOPMENT ASSISTANCE" MEANS: (1) TAX EXPENDITURES GIVEN AS AN INCENTIVE TO RECIPIENT BUSINESSES, NOT-FOR-PROFIT ORGANIZATIONS AND GOVERNMENT ENTITIES FOR ECONOMIC DEVELOPMENT PURPOSES; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
Alessandra Biaggi
(D, WF) 0 Senate District
Andrew Gounardes
(D) 26th Senate District
John C. Liu
(D) 16th Senate District
Rachel May
(D, WF) 48th Senate District
S1275A (ACTIVE) - Details
S1275A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1275A SPONSOR: KRUEGER TITLE OF BILL: An act to amend the public authorities law, in relation to establishing a local authorities searchable subsidy and economic development benefits database; to amend the general municipal law, in relation to the obli- gations of certain industrial development agencies; and to amend the not-for-profit corporation law, in relation to the status of certain local development corporations PURPOSE: Directs the Authorities Budget Office to create searchable database regarding economic development projects that outlines the aggregate amounts of State investments in economic development projects statewide, the benefactors of these investments and the number of jobs businesses created or retained as a result of this development assistance. SUMMARY OF PROVISIONS:
S1275A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1275--A 2021-2022 Regular Sessions I N S E N A T E January 8, 2021 ___________ Introduced by Sens. KRUEGER, BIAGGI, GOUNARDES, LIU, MAY, SERRANO, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commis- sions -- recommitted to the Committee on Corporations, Authorities and Commissions 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 public authorities law, in relation to establishing a local authorities searchable subsidy and economic development bene- fits database; to amend the general municipal law, in relation to the obligations of certain industrial development agencies; and to amend the not-for-profit corporation law, in relation to the status of certain local development corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public authorities law is amended by adding a new section 8 to read as follows: § 8. LOCAL AUTHORITIES SEARCHABLE SUBSIDY AND ECONOMIC DEVELOPMENT BENEFITS DATABASE. (1) FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN: (I) FUNDS MADE AVAILABLE BY A LOCAL AUTHORITY, INCLUDING WITHOUT LIMI- TATION ANY ENTITY CREATED INCORPORATED PURSUANT TO SECTION FOURTEEN HUNDRED ELEVEN OF THE NOT-FOR-PROFIT CORPORATION LAW, FOR ECONOMIC DEVELOPMENT, OR JOB CREATION PURPOSES INCLUDING, BUT NOT LIMITED TO, GRANTS, LOANS, LOAN GUARANTEES, LOAN INTEREST SUBSIDIES, AND SUBSIDIES; AND (II) TAX CREDITS, TAX EXEMPTIONS, REDUCED TAX RATES OR OTHER TAX INCENTIVES WHICH ARE APPLIED FOR AND PREAPPROVED OR CERTIFIED BY OR ON BEHALF OF A LOCAL AUTHORITY, INCLUDING WITHOUT LIMITATION ANY ENTITY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05752-02-2 S. 1275--A 2
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