Do you support this bill?

Assembly Bill A11396

2025-2026 Legislative Session

Extends the tax credits under the economic transformation and facility redevelopment program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Investigations And Government Operations Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2025-A11396 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Economic Development Law
Laws Affected:
Amd Part V §12, Chap 61 of 2011; amd §400, Ec Dev L

2025-A11396 (ACTIVE) - Summary

Extends the tax credits under the economic transformation and facility redevelopment program until 2031.

2025-A11396 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11396
 
                           I N  A S S E M B L Y
 
                               May 15, 2026
                                ___________
 
 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Williams) --
   read once and referred to the Committee on Real Property Taxation
 
 AN  ACT  to  amend  chapter 61 of the laws of 2011 amending the economic
   development law, the tax law and the real property tax law relating to
   establishing the economic transformation  and  facility  redevelopment
   program  and  providing  tax benefits under that program; and to amend
   the economic development law, in relation to extending the tax credits
   under the economic transformation and facility redevelopment program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  12  of part V of chapter 61 of the laws of 2011,
 amending the economic development law, the tax law and the real property
 tax law relating to establishing the economic transformation and facili-
 ty redevelopment program and providing tax benefits under that  program,
 as amended by section 1 of part JJ of chapter 59 of the laws of 2021, is
 amended to read as follows:
   §  12.  This act shall take effect immediately and shall expire and be
 deemed repealed December 31, [2026] 2031.
   § 2. Paragraph (a) of subdivision 11 of section 400  of  the  economic
 development law, as amended by section 2 of part JJ of chapter 59 of the
 laws of 2021, is amended to read as follows:
   (a)  a  correctional facility, as defined in paragraph (a) of subdivi-
 sion four of section two of the correction law, that has  been  selected
 by  the governor of the state of New York for closure after April first,
 two thousand eleven but no later than March thirty-first,  two  thousand
 [twenty-six] THIRTY-ONE; or
   §  3.  This act shall take effect immediately; provided, however, that
 the amendments to section 400 of the economic development  law  made  by
 section  two of this act shall not affect the repeal of such section and
 shall be deemed repealed therewith.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15923-01-6

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.