Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.
STATE OF NEW YORK
________________________________________________________________________
10513
IN ASSEMBLY
March 6, 2026
___________
Introduced by M. of A. STECK, K. BROWN -- read once and referred to the
Committee on Economic Development
AN ACT to amend the economic development law, in relation to prohibiting
mobile sports wagering operators from being eligible to receive the
excelsior jobs program credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 5 of section 353 of the economic development
2 law, as amended by section 2 of part K of chapter 59 of the laws of
3 2015, is amended to read as follows:
4 5. [A] The following entities, including any parent company or subsid-
5 iary thereof, shall not be eligible to receive the tax credit under this
6 article or any component thereof: (a) a not-for-profit business enti-
7 ty[,]; (b) a business entity whose primary function is the provision of
8 services including personal services, business services, or the
9 provision of utilities[, and]; (c) a business entity engaged predomi-
10 nantly in the retail or entertainment industry, other than a business
11 operating as an entertainment company as defined in this article and
12 other than a business entity engaged in music production[, and]; (d) a
13 company engaged in the generation or distribution of electricity, the
14 distribution of natural gas, or the production of steam associated with
15 the generation of electricity [are not eligible to receive the tax cred-
16 it described in this article]; and (e) a mobile sports wagering opera-
17 tor, as defined by section thirteen hundred sixty-seven of the racing,
18 pari-mutuel wagering and breeding law.
19 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15055-01-6
