Bill Text: NY A08326 | 2023-2024 | General Assembly | Introduced

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Bill Title: Disallows county industrial development agencies from offering incentives in municipalities which have their own industrial development agency.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to local governments [A08326 Detail]

Download: New_York-2023-A08326-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8326

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    December 13, 2023
                                       ___________

        Introduced  by M. of A. SOLAGES -- read once and referred to the Commit-
          tee on Local Governments

        AN ACT to amend the general municipal law, in  relation  to  disallowing
          county  industrial  development  agencies  from offering incentives in
          municipalities which have their own industrial development agency

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The  general  municipal  law  is  amended by adding a new
     2  section 863 to read as follows:
     3    § 863. Restrictions on incentives. No county agency  shall  offer  any
     4  incentives,  including,  but  not  limited to, financial assistance, tax
     5  incentives, payments in lieu of taxes, funding, or any other  incentive,
     6  in  a municipality located within the county where such municipality has
     7  its own agency.
     8    § 2. This act shall take effect two years after it shall have become a
     9  law.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05842-01-3