What's happening
This bill requires companies receiving certain property tax exemptions to have at least 85% of employees be New York State residents, with limited exceptions.
Why it matters
Strengthens the link between property tax breaks and local job creation. by making tax exemptions contingent on hiring New York State residents, potentially ensuring that taxpayer-supported incentives benefit the state’s workforce directly.
Pressures companies to prioritize local hiring. unless they can demonstrate a legitimate need for out-of-state employees, which could increase employment opportunities for New Yorkers and reduce local unemployment rates.
Includes specific, limited exceptions. for positions requiring specialized skills or when qualified New York residents cannot be found, balancing workforce localization goals with the practical needs of businesses operating in competitive or specialized industries.
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Who cares
Headline styles
Hire New Yorkers for Tax Breaks
Plain English, a few words. Used as the page title.
Sponsors
1 Multi-sponsor
History
- Enacting clause stricken
- Referred to real property taxation
- Referred to real property taxation
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Require Local Hiring for Tax Breaks
In Senate Committee · Local Government · Sponsor Marisol Alcantara
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3173
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
Introduced by M. of A. SEPULVEDA -- Multi-Sponsored by -- M. of A. JAFFEE, LOPEZ -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to the employment of New York state residents by entities receiving certain tax breaks
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 13 of section 485-b of the real property tax law, as renumbered by chapter 305 of the laws of 1994, is renumbered subdivision 14 and a new subdivision 13 is added to read as follows:
13. (a) Any entity shall not be entitled to receive the exemption provided by this section unless at least eighty-five percent of its employees are residents of this state or the entity falls within an exception listed in paragraph (b) of this subdivision.
(b) An entity may receive the exemption provided by this section with a workforce where less than eighty-five percent of the employees are residents of this state if it can show that:
(i) it made diligent efforts to hire resident employees, but no such employees existed or were qualified for the employment position; or
(ii) the employment position requires specialized talents that can only be filled by individuals who happen to reside outside this state.
§ 2. This act shall take effect on the ninetieth day after it shall have become a law and shall apply to any exemption claimed on or after such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06943-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.