New York Senate Bill S02786 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 2786 2023-2024 Regular Sessions  IN SENATE January 24, 2023 ___________ Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to disallowing county industrial development agencies from offering incentives in municipalities which have their own industrial development agency The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general municipal law is amended by adding a new 2 section 863 to read as follows: 3 § 863. Restrictions on incentives. No county agency shall offer any 4 incentives, including, but not limited to, financial assistance, tax 5 incentives, payments in lieu of taxes, funding, or any other incentive, 6 in a municipality located within the county where such municipality has 7 its own agency. 8 § 2. This act shall take effect two years after it shall have become a 9 law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05842-01-3