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NY A07747
Bill
Status
6/6/2023
Primary Sponsor
Brian Maher
Click for details
AI Summary
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Requires businesses to employ at least 80% "local labor" to qualify for real property tax exemptions under Section 485-b (business investment) and Section 487 (solar, wind, and farm waste energy systems)
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Defines "local labor" as individuals residing within the same economic development region (established under Economic Development Law Section 230) where the business is located
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Allows exemptions from the 80% local labor requirement when specialized manufacturing or installation warranties require non-local workers who can produce or install equivalent products
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Permits exceptions when specialized construction requires skills, certifications, or training that local contractors or workers do not possess
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Provides additional exemptions when no local labor is available for the project or when contractors need key personnel such as supervisors or foremen with specialized skills not found in the local labor market
Legislative Description
Requires the use of local labor to qualify for certain real property tax exemptions relating to business investment and the installation of certain energy systems; defines local labor; provides for exceptions from the local labor requirement in certain circumstances where local labor is not qualified to perform the work or available.
Last Action
held for consideration in real property taxation
5/14/2024