Bill Text: NY S07173 | 2015-2016 | General Assembly | Introduced
Bill Title: Requires taxpayers claiming certain tax credits, exemptions, grants and loans related to real estate development to be in compliance with certain requirements relating to minority and women-owned business enterprise participation in contracts; requires that local laws providing for a tax exemption or abatement for certain projects be in compliance with certain requirements relating to minority and women-owned business enterprise participation in contracts; makes certain technical changes and provides for the expiration and repeal of such provisions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-04-05 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S07173 Detail]
Download: New_York-2015-S07173-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7173 IN SENATE April 5, 2016 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the public housing law and the real property tax law, in relation to requiring taxpayers claiming certain tax credits, abate- ments and exemptions related to real estate development to be in compliance with certain requirements relating to minority and women- owned business enterprise participation in contracts; to amend the private housing finance law, in relation to requiring that certain applicants for grants and loans through the low income turnkey/enhanced housing trust fund program be in compliance with certain requirements relating to minority and women-owned business enterprise participation in contracts; to amend the private housing finance law, in relation to requiring that applicants for contracts for the furnishing of housing for persons of low income be in compli- ance with certain requirements relating to minority and women-owned business enterprise participation in contracts; to amend the real property tax law, the private housing finance law and the administra- tive code of the city of New York, in relation to requiring that local laws providing for a tax exemption or abatement for certain residen- tial projects be in compliance with certain requirements relating to minority and women-owned business enterprise participation in contracts; to amend the real property tax law, in relation to making certain technical changes; and to provide for the expiration and repeal of such provisions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 22 of the public housing law is amended by adding a 2 new subdivision 8 to read as follows: 3 8. Minority and women-owned business enterprise participation. No 4 credit shall be allowable under the provisions of this section unless 5 the taxpayer claiming the credit is in full compliance with the 6 provisions of sections three hundred twelve and three hundred thirteen 7 of the executive law, to the extent that such provisions apply; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14729-03-6