New York S 2489: Designates restaurants as qualified businesses for the purposes of the commercial security tax credit program

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S02489 Summary:

BILL NOS02489 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORASHBY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §845-e, Exec L

&nbsp

Designates restaurants as qualified businesses for the purposes of the commercial security tax credit program.

Go to top S02489 Actions:

BILL NOS02489 

&nbsp

01/21/2025REFERRED TO CODES

01/07/2026REFERRED TO CODES

Go to topS02489 Committee&nbspVotes:

Go to topS02489 Floor&nbspVotes:

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

Go to topS02489 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2489

 2025-2026 Regular Sessions

 IN SENATE

 January 21, 2025
 ___________

 Introduced by Sen. ASHBY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Codes

 AN ACT to amend the executive law, in relation to designating restau-
 rants as qualified businesses for the purposes of the commercial secu-
 rity tax credit program

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

 1 Section 1. Paragraphs (b), (c) and (d) of subdivision 1, paragraph (b)
 2 of subdivision 2, and paragraph (a) of subdivision 5 of section 845-e of
 3 the executive law, as added by section 1 of part E of chapter 59 of the
 4 laws of 2024, are amended to read as follows:
 5 (b) "Qualified business" means a business with fifty or fewer total
 6 employees that operates one or more physical retail or restaurant busi-
 7 ness locations open to the public in New York state that incurs costs
 8 related to protection against retail or restaurant theft of goods
 9 through retail or restaurant theft prevention measures.
 10 (c) "Qualified retail or restaurant theft prevention measure expenses"
 11 means any combination of retail or restaurant theft prevention measure
 12 costs paid or incurred by a qualified business during the taxable year
 13 that cumulatively exceed four thousand dollars for a qualified business
 14 with twenty-five or fewer total employees or six thousand dollars for a
 15 qualified business with more than twenty-five employees for each New
 16 York retail or restaurant location.
 17 (d) "Retail or restaurant theft prevention measure" means (i) the use
 18 of security officers as defined in paragraph (e) of this subdivision,
 19 (ii) security cameras, (iii) perimeter security lighting, (iv) interior
 20 or exterior locking or hardening measures, (v) alarm systems, (vi)
 21 access control systems, or (vii) other appropriate anti-theft devices as
 22 determined by the division to be eligible under this section.
 23 (b) have qualified retail or restaurant theft prevention measure
 24 expenses that exceed four thousand dollars for a qualified business with

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06668-01-5

 S. 2489 2

 1 twenty-five or fewer total employees or six thousand dollars for a qual-
 2 ified business with more than twenty-five employees for each New York
 3 retail or restaurant location during the taxable year;
 4 (a) For taxable years beginning on or after January first, two thou-
 5 sand twenty-four and before January first, two thousand twenty-six, a
 6 business entity in the commercial security tax credit program that meets
 7 the eligibility requirements of subdivision two of this section may be
 8 eligible to claim a credit equal to three thousand dollars for each
 9 retail or restaurant location of the business entity located in New York
 10 state.
 11 § 2. This act shall take effect immediately and shall apply to taxable
 12 years beginning on or after January 1, 2025.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps