Bill Text: NY S05155 | 2017-2018 | General Assembly | Amended


Bill Title: Relates to retail sales on funds of the Industrial Development Agency.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2018-06-20 - COMMITTED TO RULES [S05155 Detail]

Download: New_York-2017-S05155-Amended.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                         5155--B
                               2017-2018 Regular Sessions
                    IN SENATE
                                      March 9, 2017
                                       ___________
        Introduced  by  Sens. RANZENHOFER, AKSHAR, AMEDORE, SERINO -- read twice
          and ordered printed, and when printed to be committed to the Committee
          on Local Government -- committee  discharged,  bill  amended,  ordered
          reprinted  as amended and recommitted to said committee -- recommitted
          to the Committee on Local Government in accordance with Senate Rule 6,
          sec. 8 -- committee discharged, bill  amended,  ordered  reprinted  as
          amended and recommitted to said committee
        AN  ACT  to amend the general municipal law, in relation to retail sales
          of the industrial development agency
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (b) of subdivision 2 of section 862 of the gener-
     2  al  municipal  law, as added by section 1 of part J of chapter 59 of the
     3  laws of 2013, is amended to read as follows:
     4    (b) Notwithstanding the provisions of paragraph (a) of  this  subdivi-
     5  sion,  financial assistance may, however, be provided to a project where
     6  facilities or property that are primarily used in making retail sales of
     7  goods or services to customers who personally visit such  facilities  to
     8  obtain  such  goods  or  services  constitute more than one-third of the
     9  total project cost, where: (i) the predominant purpose  of  the  project
    10  would  be  to  make available goods or services which would not, but for
    11  the project, be reasonably accessible to  the  residents  of  the  city,
    12  town,  or  village  within  which  the proposed project would be located
    13  because of a lack  of  reasonably  accessible  retail  trade  facilities
    14  offering  such  goods or services; [or] (ii) the project is located in a
    15  highly distressed area; or (iii) "retail sales" consist of  professional
    16  offices  including medical, dental, chiropractic, insurance, accounting,
    17  optician or consulting professions, as  part  of  a  mixed  use  project
    18  including residential and/or office uses or adaptive re-use development.
    19    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10441-04-7
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