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