Bill Text: NY S06593 | 2023-2024 | General Assembly | Introduced

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Bill Title: Enacts the "New York Business Emergency Relief Act of 2023"; directs the governor to use unallocated settlement funds reserved in the economic uncertainties, and any further settlement money received by the state or state surplus funds to pay the debt to the federal unemployment insurance trust fund.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced) 2024-01-03 - REFERRED TO FINANCE [S06593 Detail]

Download: New_York-2023-S06593-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6593

                               2023-2024 Regular Sessions

                    IN SENATE

                                     April 28, 2023
                                       ___________

        Introduced  by Sen. BORRELLO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance

        AN ACT in relation to enacting the "New York Business  Emergency  Relief
          Act of 2023"

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

     1    Section 1. Short title. This act shall be known and may  be  cited  as
     2  the "New York Business Emergency Relief Act of 2023".
     3    §  2.  Legislative  intent. The legislature recognizes that New York's
     4  businesses are instrumental to the state's economy and  to  the  state's
     5  recovery  from  the  COVID-19 pandemic. New York state's policies during
     6  the pandemic have already harmed  businesses  enough  and  the  interest
     7  assessment surcharge being levied on New York businesses at this time is
     8  an unnecessary and burdensome tax that New York state can end. It is the
     9  state's  obligation  to  remove this burden from New York businesses and
    10  pay its debts owed to the federal government for the  federal  unemploy-
    11  ment  insurance  trust  fund and not shift this obligation to businesses
    12  already struggling to recover from the pandemic.
    13    § 3. Funds. Notwithstanding any other law, rule and regulation to  the
    14  contrary,  the  governor  shall immediately direct all unallocated funds
    15  that are reserved in the "economic uncertainties" fund and  any  further
    16  settlement  money  that  may  be  received by the state or state surplus
    17  funds to small business relief purposes consistent with  the  intent  of
    18  repaying any outstanding debt owed to the federal unemployment insurance
    19  trust fund.
    20    § 4. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00273-01-3