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NY S02786
Bill
Status
Introduced
1/24/2023
Primary Sponsor
James Skoufis
Click for details
AI Summary
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Adds new section 863 to the General Municipal Law restricting county industrial development agencies from offering any incentives in municipalities within their county that have their own industrial development agency.
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Prohibits county agencies from providing financial assistance, tax incentives, payments in lieu of taxes, funding, or any other incentive to businesses in municipalities with their own agency.
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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 GOVERNMENT
1/3/2024
Committee Referrals
Local Government1/24/2023
Full Bill Text
No bill text available