Loading chat...

NY A04379

Bill

Official Source

Status

Introduced

1/30/2015

Primary Sponsor

Kieran Lalor

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Repeals Article 21 of the Economic Development Law, which established the START-UP NY program
  • Removes all tax exemptions and credits related to START-UP NY businesses, including payroll expense exemptions and sales tax refunds for businesses located in tax-free NY areas
  • Eliminates real property tax exemptions that previously applied to property used for START-UP NY program purposes at educational institutions
  • Removes provisions allowing State University trustees to lease property to START-UP NY businesses
  • Takes effect immediately, with education law amendments expiring and reverting according to existing statutory timelines

Legislative Description

Repeals the START-UP NY program.

Last Action

held for consideration in ways and means

6/15/2016

Committee Referrals

Ways and Means1/30/2015

Full Bill Text

No bill text available