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NY A05258

Bill

Official Source

Status

Introduced

2/12/2025

Primary Sponsor

Michaelle Solages

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Prohibits county industrial development agencies from offering any incentives within municipalities that have their own municipal industrial development agency

  • Restricted incentives include financial assistance, tax incentives, payments in lieu of taxes (PILOTs), funding, and any other incentives

  • Adds a new section 863 to the general municipal law establishing these restrictions

  • Takes effect two years after becoming 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 governments

1/7/2026

Committee Referrals

Local Governments2/12/2025

Full Bill Text

No bill text available