What's happening
This bill requires entities receiving certain property tax exemptions to employ at least 85% New York residents, with limited exceptions.
Why it matters
Strengthens the connection between property tax breaks and local employment. by requiring businesses receiving these exemptions to primarily hire New York residents, aiming to ensure that public incentives directly benefit the state’s workforce.
Introduces accountability and verification measures. , as entities must demonstrate either diligent hiring efforts or a legitimate need for out-of-state expertise if they fail to meet the 85% resident threshold, potentially increasing administrative oversight.
May impact workforce diversity and business recruitment strategies. , as companies seeking property tax exemptions could shift hiring practices, prioritize local talent development, or show documented recruitment efforts, affecting how businesses operate and compete for specialized workers.
Could influence the effectiveness and appeal of property tax incentive programs. , possibly making them more targeted toward supporting local economic development, but also adding compliance hurdles that could deter some applicants.
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Who cares
Headline styles
Hire Local for Tax Breaks
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 7
No co-sponsors yet.
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
2867
2019-2020 Regular Sessions
IN SENATE
January 30, 2019
Introduced by Sen. KAPLAN -- 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.
LBD09003-01-9
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
S. 2331 Referred to Local Government
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.