A 5248 New York Assembly · 2023 Regular Session

Relates to including providing onsite child daycare facilities by a project into a uniform tax exemption policy

This bill updates the rules for granting tax exemptions to large development projects to include a specific evaluation of whether the project provides onsite child daycare facilities. It requires state agencies and public authorities to create a uniform policy that considers various factors, such as job creation, environmental impact, and revenue generation, before approving tax breaks. By adding daycare provision to the list of criteria, the legislation ensures that future tax exemptions are part of a broader assessment of a project's benefits to the community. The changes apply immediately to new projects but do not affect those already under review before the law takes effect.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2023 Last action Jun 7, 2024
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Full legislative history

Actions timeline

Total actions
9
Key actions
2
Committee
4
Amendments
2
Jun 5, 2024
Committee
REPORTED REFERRED TO RULES
lower
May 29, 2024
Lower · Passed
PRINT NUMBER 5248A
lower
May 29, 2024
Lower · Passed
AMEND AND RECOMMIT TO WAYS AND MEANS
lower
May 29, 2024
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Jan 3, 2024
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
Mar 7, 2023
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
1 primary · 5 co-sponsors

Sponsors