Assembly Actions -
Senate Actions - UPPERCASE
|Feb 14, 2023||
referred to consumer affairs and protection
Assembly Bill A4333
2023-2024 Legislative Session
Current Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
Jo Anne Simon
2023-A4333 (ACTIVE) - Details
2023-A4333 (ACTIVE) - Summary
Requires fashion sellers to be accountable to standardized environmental and social due diligence policies; establishes a fashion remediation fund for the purpose of implementing one or more environmental benefit projects or labor remediation projects that directly and verifiably benefit the workers and communities directly impacted, to the extent practicable, at the location the injury has occurred.
2023-A4333 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4333 2023-2024 Regular Sessions I N A S S E M B L Y February 14, 2023 ___________ Introduced by M. of A. KELLES, EPSTEIN, SIMON, HEVESI, GONZALEZ-ROJAS, FORREST, BURGOS, WEPRIN, REYES, FAHY, STECK, SEAWRIGHT, MITAYNES, GALLAGHER -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to requiring fash- ion sellers to be accountable to environmental and social standards; and to amend the state finance law, in relation to establishing a fashion remediation fund 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 "Fashion sustainability and social accountability act". § 2. The general business law is amended by adding a new section 399- mm to read as follows: § 399-MM. FASHION SUSTAINABILITY AND SOCIAL ACCOUNTABILITY ACT. 1. DEFINITIONS. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "DOING BUSINESS IN THIS STATE" SHALL MEAN ACTIVELY ENGAGING IN ANY TRANSACTION FOR THE PURPOSE OF FINANCIAL OR PECUNIARY GAIN OR PROFIT. (B) "GROSS RECEIPTS" SHALL MEAN THE GROSS AMOUNTS REALIZED, OTHERWISE KNOWN AS THE SUM OF MONEY AND THE FAIR MARKET VALUE OF OTHER PROPERTY OR SERVICES RECEIVED, ON THE SALE OR EXCHANGE OF PROPERTY, THE PERFORMANCE OF SERVICES, OR THE USE OF PROPERTY OR CAPITAL, INCLUDING RENTS, ROYAL- TIES, INTEREST, AND DIVIDENDS, IN A TRANSACTION THAT PRODUCES BUSINESS INCOME, IN WHICH THE INCOME, GAIN, OR LOSS IS RECOGNIZED, OR WOULD BE RECOGNIZED IF THE TRANSACTION WERE IN THE UNITED STATES, UNDER THE INTERNAL REVENUE CODE, AS APPLICABLE FOR PURPOSES OF THIS SECTION. AMOUNTS REALIZED ON THE SALE OR EXCHANGE OF PROPERTY SHALL NOT BE REDUCED BY THE COST OF GOODS SOLD OR THE BASIS OF PROPERTY SOLD. GROSS RECEIPTS, EVEN IF BUSINESS INCOME, SHALL NOT INCLUDE THE FOLLOWING ITEMS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03469-02-3
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