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NY S07293
Bill
Status
1/16/2020
Primary Sponsor
Leroy Comrie
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AI Summary
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Extends the deadline for businesses to obtain eligibility certifications for relocation and employment assistance tax credits from July 1, 2020 to July 1, 2025
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Applies the extended deadline to four sections of New York law: General City Law sections 25-z and 25-ee, and Administrative Code sections 22-622 and 22-624
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Maintains existing requirements that businesses must purchase or lease premises, commence improvements, submit preliminary applications, and complete relocation within 36 months (or 72 months if improvements exceed $50 million) before the deadline
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Takes effect immediately upon enactment
Legislative Description
Extends certain provisions relating to relocation and employment assistance credits until July 1, 2025.
Last Action
REFERRED TO CITIES
1/16/2020