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NY A11029
Bill
Status
Introduced
10/7/2020
Primary Sponsor
Michaelle Solages
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AI Summary
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Adds new section 863 to the General Municipal Law prohibiting county industrial development agencies from offering any incentives in municipalities that have their own industrial development agency
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Defines prohibited incentives to include financial assistance, tax incentives, payments in lieu of taxes, funding, or any other incentive
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Takes effect two years after the bill becomes law
Legislative Description
Disallows county industrial development agencies from offering incentives in municipalities which have their own industrial development agency.
Last Action
referred to local governments
10/7/2020
Committee Referrals
Local Governments10/7/2020
Full Bill Text
No bill text available