What's happening
This bill requires entities receiving certain property tax exemptions to employ at least 85% New York State residents, with limited exceptions.
Why it matters
Links property tax exemptions to local hiring. By tying tax breaks to the employment of New York State residents, the bill aims to ensure that public incentives directly benefit the state’s workforce, potentially increasing local job opportunities.
Limits loopholes with specific exceptions. The law allows exemptions only if employers can prove diligent efforts to hire local residents or that a position requires unique skills unavailable in-state. This makes it harder for companies to bypass the residency requirement without strong justification.
Encourages businesses to invest in local talent. The requirement could motivate companies to train, recruit, and develop New York-based employees, potentially leading to a more skilled and stable local workforce.
Could affect which companies receive incentives. Businesses relying heavily on out-of-state or specialized labor may find it harder to qualify for tax exemptions, possibly influencing their decisions on where to locate or expand operations within New York.
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Who cares
Headline styles
Require Local Hiring for Tax Breaks
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to local government
- Referred to local government
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2331
2017-2018 Regular Sessions
IN SENATE
January 13, 2017
Introduced by Sen. ALCANTARA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
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.
Sponsor's memo
Title of bill
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
Purpose
The purpose of this bill is to exclude those business entities that are otherwise eligible to receive the business investment tax exemption, from receiving such exemption unless eighty-five percent of their employees reside in New York State. This exclusion may be waived in circumstances in which suitable employees axe unavailable in New York State.
Summary of provisions
This bill amends Section 485-B, subdivision (13) of the Real Property Tax Law by adding a new subdivision (13), which would exclude certain business entities, which fail to maintain a staff of employees, eighty-five percent of whom are residents of New York State, from receiving a business investment tax exemption.
Justification
In order to promote the employment of workers who reside in New York State, business entities, which are eligible to receive the business investment tax exemption, should be required to retain a staff of which at least eighty-five percent are New York State residents.
Legislative history
New Bill.
Fiscal implications
None.
Effective date
This act shall take effect on the 90th day after becoming law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.