New York S 10100: Relates to reforming the industrial development authority program and adding a tax clearance process

Bill Text

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S10100 Summary:

BILL NOS10100 

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SAME ASSAME AS A11214

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SPONSORKRUEGER

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COSPNSR

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MLTSPNSR

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Amd §§875 & 862, Gen Muni L; amd §4, Pub Auth L; add §171-x, Tax L

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Relates to reforming the industrial development authority program, authorizing the commissioner of taxation and finance to audit IDA projects and IDA agents and project operators with regard to the requirements and restrictions, requiring IDAs to post certain information on their websites, and requiring IDA members to comply with certain provisions of the public officers law; adds a tax clearance process.

Go to top S10100 Actions:

BILL NOS10100 

&nbsp

04/28/2026REFERRED TO LOCAL GOVERNMENT

Go to topS10100 Committee&nbspVotes:

Go to topS10100 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10100 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10100

 IN SENATE

 April 28, 2026
 ___________

 Introduced by Sen. KRUEGER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the general municipal law and the public authorities
 law, in relation to reforming the industrial development authority
 program; and to amend the tax law, in relation to adding a tax clear-
 ance process

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The section heading and subdivisions 1, 2, 3, 4, 6, 7 and 9
 2 of section 875 of the general municipal law, as added by section 2 of
 3 part J of chapter 59 of the laws of 2013, are amended to read as
 4 follows:
 5 Special provisions applicable to state [sales and compensating use]
 6 taxes and certain types of facilities. 1. For purposes of this section:
 7 ["state] (a) "State sales and use taxes" means sales and compensating
 8 use taxes and fees imposed by article twenty-eight or twenty-eight-A of
 9 the tax law but excluding such taxes imposed in a city by section eleven
 10 hundred seven or eleven hundred eight of such article twenty-eight[.];
 11 (b) "State taxes" means any or all of the following: state sales and
 12 use taxes, any mortgage recording tax imposed under section two hundred
 13 fifty-three of the tax law, any state real estate transfer tax imposed
 14 by article thirty-one of the tax law;
 15 (c) "IDA" means an industrial development agency established by this
 16 article or an industrial development authority created by the public
 17 authorities law[.];
 18 (d) "Commissioner" means the commissioner of taxation and finance[.];
 19 (e) "ABO" means the authorities budget office established by section
 20 four of the public authorities law; and
 21 (f) "PACB" means the public authorities control board established by
 22 article one-A of the public authorities law.
 23 2. An IDA shall keep records of the amount of state and local sales
 24 and use tax exemption benefits and any other state tax exemption bene-
 25 fits provided to each project and each agent or project operator and
 26 shall make such records available to the commissioner upon request. Such

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14209-02-6

 S. 10100 2

 1 IDA shall also, within thirty days of providing financial assistance to
 2 a project that includes any amount of state [sales and use] tax
 3 exemption benefits, report to the commissioner the amount of such bene-
 4 fits for such project, the project to which they are being provided,
 5 together with such other information and such specificity and detail as
 6 the commissioner may prescribe. This report may be made in conjunction
 7 with the statement required by subdivision nine of section eight hundred
 8 seventy-four of this title or it may be made as a separate report, at
 9 the discretion of the commissioner. An IDA that fails to make such
 10 records available to the commissioner or to file such reports shall be
 11 prohibited from providing any state [sales and use] tax exemption bene-
 12 fits for any project unless and until such IDA comes into compliance
 13 with all such requirements.
 14 3. (a) An IDA shall include within its resolutions and project docu-
 15 ments establishing