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Assembly Bill A5258

2025-2026 Legislative Session

Relates to disallowing county industrial development agencies from offering incentives in municipalities which have their own industrial development agency

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Current Bill Status - In Assembly Committee

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2025-A5258 (ACTIVE) - Details

See Senate Version of this Bill:
S3159
Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Add §863, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2019-2020: A11029, S8959
2021-2022: A6676, S1888
2023-2024: A8326, S2786

2025-A5258 (ACTIVE) - Summary

Disallows county industrial development agencies from offering incentives in municipalities which have their own industrial development agency.

2025-A5258 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5258
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 12, 2025
                                ___________
 
 Introduced  by M. of A. SOLAGES -- read once and referred to the Commit-
   tee on Local Governments
 
 AN ACT to amend the general municipal law, in  relation  to  disallowing
   county  industrial  development  agencies  from offering incentives in
   municipalities which have their own industrial development agency

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  general  municipal  law  is  amended by adding a new
 section 863 to read as follows:
   § 863. RESTRICTIONS ON INCENTIVES. NO COUNTY AGENCY  SHALL  OFFER  ANY
 INCENTIVES,  INCLUDING,  BUT  NOT  LIMITED TO, FINANCIAL ASSISTANCE, TAX
 INCENTIVES, PAYMENTS IN LIEU OF TAXES, FUNDING, OR ANY OTHER  INCENTIVE,
 IN  A MUNICIPALITY LOCATED WITHIN THE COUNTY WHERE SUCH MUNICIPALITY HAS
 ITS OWN AGENCY.
   § 2. This act shall take effect two years after it shall have become a
 law.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07005-01-5

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