New York Assembly Bill 8675 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on October 23 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Establishes an interstate compact agreement to phase out corporate giveaways which prohibits member states from offering or providing any company-specific tax incentive or company-specific grant to any entity for a corporate headquarters, manufacturing facility, office space or other real estate development located in any other member state as an inducement for the corporate headquarters, manufacturing facility, office space or other real estate development to relocate to the offering member state.

Establishes an interstate compact agreement to phase out corporate giveaways which prohibits member states from offering or providing any company-specific tax incentive or company-specific grant to any entity for a corporate headquarters, manufacturing facility, office space or other real estate development located in any other member state as an inducement for the corporate headquarters, manufacturing facility, office space or other real estate development to relocate to the offering member state.

Asm. Ron Kim [D]	Asm. Walter Mosley [D]	Asm. Phillip Steck [D]	Asm. Kevin Cahill [D]
Asm. Anthony D'Urso [D]	Asm. Thomas Abinanti [D]	Asm. Felix Ortiz [D]

Date	Chamber	Action
2020-01-08	Assembly	referred to economic development
2019-10-23	Assembly	referred to economic development

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/A8675
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A08675&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08675