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A00351 Summary:

COSPNSRWallace, Lunsford, Rivera, Shrestha, Bichotte Hermelyn, Eachus, Burdick, Lupardo, Solages, McMahon, Slater, Steck, Shimsky, Jacobson, Gunther, Stirpe, Meeks
Add §889, Gen Muni L
Prohibits a town, city, or county industrial development agency from waiving taxes which would be received by a school district.
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A00351 Actions:

01/06/2023referred to education
01/03/2024referred to education
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A00351 Memo:

submitted in accordance with Assembly Rule III, Sec 1(f)
SPONSOR: Bronson
  TITLE OF BILL: An act to amend the general municipal law, in relation to waiving school taxes by a town, city, or county industrial development agency   PURPOSE: This purpose of this bill is to prevent town, city, or county IDAs from waiving taxes that would otherwise go to a school district.   SUMMARY OF PROVISIONS: Section 1 creates a new section 889 of the General Municipal Law which dictates that town, city, or county industrial development agencies may not waive any taxes or enter into an agreement for payment in lieu of taxes if such taxes would otherwise be received by the school district. Section 2 is the effective date.   JUSTIFICATION: The stated purpose of industrial development agencies, or IDAs, is to incentivize economic development by attracting businesses and creating new jobs. The incentives offered by IDAs often include the waiving of all or some state or local taxes, including those taxes that would have otherwise been received by the local school district or districts. IDAs have been around since 1969, and since that time, they have offered billions of dollars of incentives large multi-national corporations. The only data the state receives regarding job creation and economic bene- fits as a result of IDA activity is self-reported by the corporations, and their exact effectiveness in this area is unknown. The past two years have been very challenging for students and educators alike. New York State is experiencing a teacher shortage, and many schools lack the resources to attract and retain educators. State offi- cials have estimated that NYS will need 180,000 new teachers in the next decade. This bill proposes a simple means of increasing funding to school districts. While the impact of IDAs remains largely unknown, we cannot overstate the importance of education and the impact of good teachers and a strong school district. Preventing IDAs from waiving school taxes will have a massive impact on our state's children, and the amount of money is negligible to the large, multi-national corporations that bene- fit from agreements with IDAs.   LEGISLATIVE HISTORY: 2022: referred to Education   FISCAL IMPLICATIONS: None to the State.   LOCAL FISCAL IMPLICATIONS: Generates additional funding for school districts.   EFFECTIVE DATE: This act shall take effect immediately.
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A00351 Text:

                STATE OF NEW YORK
                               2023-2024 Regular Sessions
                   IN ASSEMBLY
                                     January 6, 2023
        Introduced  by  M.  of  A.  BRONSON,  WALLACE, LUNSFORD -- read once and
          referred to the Committee on Education
        AN ACT to amend the general municipal law, in relation to waiving school
          taxes by a town, city, or county 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 889 to read as follows:
     3    § 889.  Special provisions applicable to town, city, or county agency.
     4  A town, city, or county agency shall not enter into agreements requiring
     5  payment in lieu of taxes or waive any other tax where such tax would  be
     6  received by a school district.
     7    § 2.  This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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