Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 30, 2023 |
referred to economic development delivered to assembly passed senate |
May 22, 2023 |
ordered to third reading cal.1072 committee discharged and committed to rules |
Jan 25, 2023 |
reported and committed to finance |
Jan 09, 2023 |
referred to commerce, economic development and small business |
Senate Bill S962
2023-2024 Legislative Session
Sponsored By
(D) 36th Senate District
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) 15th Senate District
(D) 14th Senate District
(D) 26th Senate District
(D, WF) 47th Senate District
2023-S962 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1920
- Current Committee:
- Assembly Economic Development
- 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 2023-2024 Legislative Session:
-
S962, A1920
2023-S962 (ACTIVE) - Sponsor Memo
BILL NUMBER: S962 SPONSOR: BAILEY TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: This bill provides several updates and revisions to current law to support the expansion of employee-owned enterprises or worker cooper- ative businesses. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the Economic Development Law and creates the Center for Employee Ownership, housed within the State University of New York, out of a defunct economic development program to support education and outreach on employee ownership succession plans.
2023-S962 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 962 2023-2024 Regular Sessions I N S E N A T E January 9, 2023 ___________ Introduced by Sens. BAILEY, ADDABBO, COMRIE, GOUNARDES, HOYLMAN, MAY, 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. LBD01164-01-3 S. 962 2
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