Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 03, 2018 |
referred to local government |
Jan 13, 2017 |
referred to local government |
Senate Bill S2331
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(D) 32nd Senate District
2017-S2331 (ACTIVE) - Details
2017-S2331 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2331 TITLE OF BILL : An act to amend the real property tax law, in relation to the employment of New York state residents by entities receiving certain tax breaks PURPOSE : The purpose of this bill is to exclude those business entities that are otherwise eligible to receive the business investment tax exemption, from receiving such exemption unless eighty-five percent of their employees reside in New York State. This exclusion may be waived in circumstances in which suitable employees axe unavailable in New York State. SUMMARY OF PROVISIONS : This bill amends Section 485-B, subdivision (13) of the Real Property Tax Law by adding a new subdivision (13), which would exclude certain business entities, which fail to maintain a staff of employees, eighty-five percent of whom are residents of New York State, from receiving a business investment tax exemption. JUSTIFICATION : In order to promote the employment of workers who reside in New York
2017-S2331 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2331 2017-2018 Regular Sessions I N S E N A T E January 13, 2017 ___________ Introduced by Sen. ALCANTARA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to the employment of New York state residents by entities receiving certain tax breaks THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 13 of section 485-b of the real property tax law, as renumbered by chapter 305 of the laws of 1994, is renumbered subdivision 14 and a new subdivision 13 is added to read as follows: 13. (A) ANY ENTITY SHALL NOT BE ENTITLED TO RECEIVE THE EXEMPTION PROVIDED BY THIS SECTION UNLESS AT LEAST EIGHTY-FIVE PERCENT OF ITS EMPLOYEES ARE RESIDENTS OF THIS STATE OR THE ENTITY FALLS WITHIN AN EXCEPTION LISTED IN PARAGRAPH (B) OF THIS SUBDIVISION. (B) AN ENTITY MAY RECEIVE THE EXEMPTION PROVIDED BY THIS SECTION WITH A WORKFORCE WHERE LESS THAN EIGHTY-FIVE PERCENT OF THE EMPLOYEES ARE RESIDENTS OF THIS STATE IF IT CAN SHOW THAT: (I) IT MADE DILIGENT EFFORTS TO HIRE RESIDENT EMPLOYEES, BUT NO SUCH EMPLOYEES EXISTED OR WERE QUALIFIED FOR THE EMPLOYMENT POSITION; OR (II) THE EMPLOYMENT POSITION REQUIRES SPECIALIZED TALENTS THAT CAN ONLY BE FILLED BY INDIVIDUALS WHO HAPPEN TO RESIDE OUTSIDE THIS STATE. § 2. This act shall take effect on the ninetieth day after it shall have become a law and shall apply to any exemption claimed on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06943-01-7
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