New York Senate Bill 655

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Pending: Senate Corporations, Authorities and Commissions Committee
Text: Latest bill text (Introduced) [HTML]

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.

Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.

Sen. Liz Krueger [D]

Sen. Jamaal Bailey [D]

Sen. John Liu [D]

Sen. Kevin Parker [D]

Date	Chamber	Action
2025-01-08	Senate	REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2025/S655
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S00655&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00655