senate Bill S3313

2021-2022 Legislative Session

Relates to the establishment of a state university-based center for employee ownership; repealer

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance 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
Feb 24, 2021 reported and committed to finance
Jan 28, 2021 referred to commerce, economic development and small business

Votes

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Feb 24, 2021 - Commerce, Economic Development and Small Business committee Vote

S3313
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Commerce, Economic Development and Small Business committee vote details

Commerce, Economic Development and Small Business Committee Vote: Feb 24, 2021

Co-Sponsors

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S3313 (ACTIVE) - Details

See Assembly Version of this Bill:
A6125
Current Committee:
Senate Finance
Law Section:
Economic Development Law
Laws Affected:
Rpld & add §104-a, Ec Dev L; amd §§1836-a, 1836-b, 1836-c, 1836-d & 1836-e, Pub Auth L; amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5685
2019-2020: S2184, A7731

S3313 (ACTIVE) - Summary

Relates to the establishment of a state university-based center for employee ownership.

S3313 (ACTIVE) - Sponsor Memo

S3313 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3313
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 28, 2021
                                ___________
 
 Introduced  by  Sens. BAILEY, ADDABBO, COMRIE, HOYLMAN, PARKER, PERSAUD,
   RAMOS, SANDERS -- 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, the public authorities law
   and the tax law, in relation to the establishment of a state universi-
   ty-based  center  for  employee  ownership;  and  to  repeal   certain
   provisions of the economic development law relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 104-a of the economic development law  is  REPEALED
 and a new section 104-a is added to read as follows:
   § 104-A. ESTABLISHMENT OF A STATE UNIVERSITY-BASED CENTER FOR EMPLOYEE
 OWNERSHIP.  WITH  RESPECT  TO  EMPLOYEE  OWNERSHIP, THE DEPARTMENT SHALL
 ESTABLISH A STATE UNIVERSITY-BASED CENTER FOR  EMPLOYEE  OWNERSHIP  "THE
 CENTER".
   1. THE CENTER SHALL:
   (A) PROVIDE EDUCATION AND OUTREACH TO INFORM BUSINESS OWNERS ABOUT THE
 BENEFITS OF EMPLOYEE OWNERSHIP SUCCESSIONS;
   (B)   ORGANIZE   WORKSHOPS   AND  CONFERENCES  ON  EMPLOYEE  OWNERSHIP
 SUCCESSIONS;
   (C) PREPARE AND DISTRIBUTE  MATERIALS  CONCERNING  EMPLOYEE  OWNERSHIP
 SUCCESSIONS;
   (D)  PROVIDE  INITIAL  CONSULTATION  TO  BUSINESS OWNERS EXPLORING THE
 POSSIBILITY OF TRANSFERRING FULL OR PARTIAL OWNERSHIP TO EMPLOYEES;
   (E) PROVIDE A REFERRAL SERVICE TO HELP  BUSINESS  OWNERS  FIND  LEGAL,
 FINANCIAL,  AND  TECHNICAL  ADVICE IN CONNECTION WITH EMPLOYEE OWNERSHIP
 SUCCESSIONS;
   (F) PARTNER WITH KEY ORGANIZATIONS, SUCH  AS  PROFESSIONAL  AND  TRADE
 ASSOCIATIONS,   FINANCIAL  INSTITUTIONS,  UNIONS,  ECONOMIC  DEVELOPMENT

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07053-01-1

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