New York State Assembly

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A00434 Summary:

BILL NO	A00434
SAME AS	SAME AS S01959
SPONSOR	John
COSPNSR
MLTSPNSR
Amd S485-b, RPT L
Requires entities receiving a certain tax exemption to utilize New York State residents as at least eighty-five percent of its workforce during the course of a project for which the exemption is claimed.

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A00434 Actions:

BILL NO	A00434
01/07/2009	referred to real property taxation
01/06/2010	referred to real property taxation

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A00434 Floor Votes:

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A00434 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           434
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 7, 2009
                                       ___________
 
        Introduced  by  M. of A. JOHN -- read once and referred to the Committee
          on Real Property Taxation
 
        AN ACT to amend the real property tax law, in relation to the employment
          of New York state residents by entities receiving certain tax breaks
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision  13 of section 485-b of the real property tax
     2  law, as renumbered by chapter 305 of the laws  of  1994,  is  renumbered
     3  subdivision 14 and a new subdivision 13 is added to read as follows:
     4    13.  (a)  Any  entity  shall  not be entitled to receive the exemption
     5  provided by this section unless at  least  eighty-five  percent  of  its
     6  employees  are  residents  of  this  state or the entity falls within an
     7  exception listed in paragraph (b) of this subdivision.
     8    (b) An entity may receive the exemption provided by this section  with
     9  a  workforce  where  less  than eighty-five percent of the employees are

    10  residents of this state if it can show that:
    11    (i) it made diligent efforts to hire resident employees, but  no  such
    12  employees existed or were qualified for the employment position; or
    13    (ii)  the  employment  position  requires specialized talents that can
    14  only be filled by individuals who happen to reside outside this state.
    15    § 2. This act shall take effect on the ninetieth day  after  it  shall
    16  have  become  a law and shall apply to any exemption claimed on or after
    17  such effective date.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02625-01-9

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