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NY A05233
Bill
Status
2/12/2025
Primary Sponsor
Karl Brabenec
Click for details
AI Summary
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Establishes the "New York State Small Business Relief Fund" under joint custody of the Commissioner of Taxation and Finance and the Comptroller
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Funds the relief fund through fines and penalties collected by the State Liquor Authority under the alcoholic beverage control law
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Provides grants to small businesses that suffered economic hardship due to the COVID-19 pandemic, subject to legislative appropriation
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Defines "small business" as a business employing 100 or fewer employees
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Defines "economic hardship" as revenue loss greater than 40% between April 2020 and December 2020 compared to the same period in 2019
Legislative Description
Establishes the New York small business relief fund consisting of monetary penalties imposed by the state liquor authority to provide grants to small businesses which have suffered economic hardship as a result of the COVID-19 pandemic.
Last Action
referred to small business
1/7/2026