Bill Text: NY S07173 | 2015-2016 | General Assembly | Introduced

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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

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                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