STATE OF NEW YORK
________________________________________________________________________
5258
2025-2026 Regular Sessions
IN ASSEMBLY
February 12, 2025
___________
Introduced by M. of A. SOLAGES -- read once and referred to the Commit-
tee on Local Governments
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.
LBD07005-01-5
