New York A 5233: Authorizes municipalities in Suffolk county to establish programs for senior citizen rent exemptions and real property tax abatements

Bill Text

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A05233 Summary:

BILL NOA05233 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBrabenec

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Add §99-ss, St Fin L

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Establishes the New York small business relief fund consisting of monetary penalties imposed by the state liquor authority to provide grants to small businesses which have suffered economic hardship as a result of the COVID-19 pandemic.

Go to top A05233 Actions:

BILL NOA05233 

&nbsp

02/12/2025referred to small business

01/07/2026referred to small business

Go to topA05233 Committee&nbspVotes:

Go to topA05233 Floor&nbspVotes:

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

Go to topA05233 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5233

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 12, 2025
 ___________

 Introduced by M. of A. BRABENEC -- read once and referred to the Commit-
 tee on Small Business

 AN ACT to amend the state finance law, in relation to establishing the
 New York small business relief fund

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

 1 Section 1. The state finance law is amended by adding a new section
 2 99-ss to read as follows:
 3 § 99-ss. New York small business relief fund. 1. There is hereby
 4 established in the joint custody of the commissioner of taxation and
 5 finance and the comptroller a fund to be known as the "New York state
 6 small business relief fund".
 7 2. The fund shall consist of all fines or penalties collected by the
 8 state liquor authority pursuant to section seventeen of the alcoholic
 9 beverage control law.
 10 3. Monies of the fund, following appropriation by the legislature,
 11 shall be made available for grants to small businesses which have
 12 suffered economic hardship as a result of the COVID-19 pandemic.
 13 4. For the purposes of this section (a) "small business" shall mean a
 14 business employing one hundred or fewer employees; and (b) "economic
 15 hardship" shall mean that a business has experienced a revenue loss
 16 greater than forty percent between April two thousand twenty and Decem-
 17 ber two thousand twenty compared to that same time period in the previ-
 18 ous year.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05364-01-5

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