STATE OF NEW YORK
________________________________________________________________________
1560
2019-2020 Regular Sessions
IN SENATE
January 15, 2019
___________
Introduced by Sen. JACOBS -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to direct the commissioner of taxation and finance to utilize a
third-party evaluator for investigating the effectiveness of state tax
incentives
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The commissioner of taxation and finance shall utilize a
2 third-party evaluator to prepare reports, pursuant to the schedule set
3 forth in section two of this act, which shall include the following:
4 (a) a listing and description of tax exemption, abatement, credit or
5 other benefits allowed against state tax liability for the purpose of
6 spurring economic development, whether against the rate of the tax, the
7 subject on which the rate is applied or the payment amount due;
8 (b) the eligibility requirements for, and general objectives of, each
9 such tax benefit;
10 (c) aggregate data regarding utilization of each such tax benefit. For
11 benefits with respect to which taxpayers are eligible to carry over
12 benefits into future tax years, aggregate amounts carried over per tax
13 benefit shall be identified;
14 (d) the total amount of tax benefits received by taxpayers with
15 respect to each such tax benefit;
16 (e) an assessment, including such data and supporting documentation as
17 is meaningful and available, regarding the economic effectiveness and
18 other consequences of the provision of such tax benefit currently and as
19 anticipated going forward;
20 (f) an analysis of similar incentives and benefits provided in other
21 states and cities, including an assessment of the success of such incen-
22 tives in such states and cities in comparison with comparable current
23 state programs; and
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05786-01-9
S. 1560 2
1 (g) recommendations as to which state incentives and benefits should
2 be maintained, changed or eliminated in order to best promote the objec-
3 tives of the state with respect to the use of such programs.
4 § 2. The first report shall be a fully comprehensive report covering
5 all tax incentive and exemption programs in effect as of the first of
6 January preceding the effective date of this act, and shall be submitted
7 to the legislature no later than the first of January following the
8 effective date of this act. A report evaluating materially changed
9 state incentives and benefits, and any other materially changed condi-
10 tions, shall be provided every three years to the legislature with
11 respect to the period since the last report.
12 § 3. This act shall take effect one year after it shall have become a
13 law.