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A09636 Summary:

BILL NOA09636
 
SAME ASSAME AS S08418
 
SPONSORSolages
 
COSPNSR
 
MLTSPNSR
 
Amd §862, Gen Muni L
 
Relates to prohibiting the use of funds, financial incentives or subsidies where facilities or property are used primarily for e-commerce storage and transfers, or the facilitation thereof.
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A09636 Actions:

BILL NOA09636
 
03/28/2022referred to local governments
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A09636 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A9636
 
SPONSOR: Solages
  TITLE OF BILL: An act to amend the general municipal law, in relation to prohibiting the use of funds, financial incentives or subsidies where facilities or property are used primarily for e-commerce storage and transfers, or the facilitation thereof   PURPOSE: The purpose of this bill is to prevent industrial development agencies from providing subsidies to large multi-national corporations to build storage and warehouse facilities.   SUMMARY OF PROVISIONS: Section 1 amends section 862 of the general municipal law to include a new subdivision, subdivision 3, which would prohibit industrial develop- ment agencies from giving funds, financial incentives, and subsidies to any project where facilities or property are used primarily for e-com- merce storage and transfers. Section 2 is the effective date.   JUSTIFICATION: Industrial development agencies, or IDAs, exist primarily to incentivize economic development by attracting businesses and creating jobs. The incentives offered by IDAs often include the waiving state and local taxes, which results in significant loss over the term of the incentive, and in return often only provides a few minimum wage or low wage jobs. Additionally, many incentives have recently been given to large multi- national corporations at the expense of New York Taxpayers. New York IDA subsidies given to Amazon have diverted a quarter billion dollars in just the past two years. This was not the legislative intent when IDAs were established in 1969 to improve economic conditions and facilitate economic development in localities. This bill would prohibit IDAs from offering incentives for e-commerce storage and transfer facilities often given to large, multi-billion-dol- lar corporations with dubious economic growth projections at the expense of local municipalities and their residents.   LEGISLATIVE HISTORY: New bill.   FISCAL IMPLICATIONS: None to the State.   LOCAL FISCAL IMPLICATIONS: TBD.   EFFECTIVE DATE: This act shall take effect immediately.
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A09636 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9636
 
                   IN ASSEMBLY
 
                                     March 28, 2022
                                       ___________
 
        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  prohibiting
          the  use  of funds, financial incentives or subsidies where facilities
          or property are used primarily for e-commerce storage  and  transfers,
          or the facilitation thereof

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 862 of the general  municipal  law  is  amended  by
     2  adding a new subdivision 3 to read as follows:
     3    (3) No funds, financial incentives or subsidies of the agency shall be
     4  used  in  respect  of  any project where facilities or property are used
     5  primarily for electronic commerce (e-commerce) storage and transfers, or
     6  the facilitation thereof.
     7    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14807-02-2
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