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Assembly Bill A10513

2025-2026 Legislative Session

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit

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2025-A10513 (ACTIVE) - Details

See Senate Version of this Bill:
S10259
Current Committee:
Assembly Ways And Means
Law Section:
Economic Development Law
Laws Affected:
Amd §353, Ec Dev L

2025-A10513 (ACTIVE) - Summary

Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

2025-A10513 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10513
 
                           I N  A S S E M B L Y
 
                               March 6, 2026
                                ___________
 
 Introduced  by M. of A. STECK, K. BROWN -- read once and referred to the
   Committee on Economic Development
 
 AN ACT to amend the economic development law, in relation to prohibiting
   mobile sports wagering operators from being eligible  to  receive  the
   excelsior jobs program credit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 5 of section 353 of  the  economic  development
 law,  as  amended  by  section  2 of part K of chapter 59 of the laws of
 2015, is amended to read as follows:
   5. [A] THE FOLLOWING ENTITIES, INCLUDING ANY PARENT COMPANY OR SUBSID-
 IARY THEREOF, SHALL NOT BE ELIGIBLE TO RECEIVE THE TAX CREDIT UNDER THIS
 ARTICLE OR ANY COMPONENT THEREOF:  (A) A not-for-profit  business  enti-
 ty[,];  (B) a business entity whose primary function is the provision of
 services  including  personal  services,  business  services,   or   the
 provision  of  utilities[,  and]; (C) a business entity engaged predomi-
 nantly in the retail or entertainment industry, other  than  a  business
 operating  as  an  entertainment  company as defined in this article and
 other than a business entity engaged in music production[, and];  (D)  a
 company  engaged  in  the generation or distribution of electricity, the
 distribution of natural gas, or the production of steam associated  with
 the generation of electricity [are not eligible to receive the tax cred-
 it  described  in this article]; AND (E) A MOBILE SPORTS WAGERING OPERA-
 TOR, AS DEFINED BY SECTION THIRTEEN HUNDRED SIXTY-SEVEN OF  THE  RACING,
 PARI-MUTUEL WAGERING AND BREEDING LAW.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15055-01-6



              

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