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NY S03159

Bill

Official Source

Status

Introduced

1/23/2025

Primary Sponsor

James Skoufis

Click for details

Origin

Senate

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 incentive programs

  • Adds new section 863 to the General Municipal Law establishing these restrictions

  • Takes effect two years after becoming law, providing a transition period for existing arrangements

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

1/7/2026

Committee Referrals

Local Government1/23/2025

Full Bill Text

No bill text available