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NY A04684
Bill
Status
2/4/2021
Primary Sponsor
Gina Sillitti
Click for details
AI Summary
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Entities receiving tax exemptions under real property tax law section 485-b must employ at least 85% New York state residents or qualify for an exception.
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Entities may employ less than 85% state residents if they can demonstrate diligent hiring efforts failed to find qualified resident employees for the position.
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Entities may employ less than 85% state residents if the position requires specialized talents that can only be filled by out-of-state individuals.
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The act takes effect 90 days after becoming law and applies to any exemption claimed on or after the effective date.
Legislative Description
Requires entities receiving a certain tax exemption to utilize New York State residents as at least eighty-five percent of its workforce during the course of a project for which the exemption is claimed.
Last Action
referred to real property taxation
1/5/2022