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NY S08959

Bill

Official Source

Status

Introduced

9/2/2020

Primary Sponsor

James Skoufis

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Adds Section 863 to New York General Municipal Law prohibiting county agencies from offering any incentives to businesses in municipalities that have their own industrial development agency.

  • Defines prohibited incentives to include financial assistance, tax incentives, payments in lieu of taxes, funding, and any other incentive.

  • Takes effect two years after enactment into law.

Legislative Description

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

Last Action

REFERRED TO RULES

9/2/2020

Committee Referrals

Rules9/2/2020

Full Bill Text

No bill text available