New York S 10259: Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit

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S10259 Summary:

BILL NOS10259 

&nbsp

SAME ASSAME AS A10513

&nbsp

SPONSORBYNOE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §353, Ec Dev L

&nbsp

Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

Go to top S10259 Actions:

BILL NOS10259 

&nbsp

05/08/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

Go to topS10259 Committee&nbspVotes:

Go to topS10259 Floor&nbspVotes:

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

Go to topS10259 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10259

 IN SENATE

 May 8, 2026
 ___________

 Introduced by Sen. BYNOE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Commerce, Economic Devel-
 opment and Small Business

 AN ACT to amend the economic development law, in relation to prohibiting
 mobile sports wagering operators from being eligible to receive the
 excelsior jobs program credit

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

 1 Section 1. Subdivision 5 of section 353 of the economic development
 2 law, as amended by section 2 of part K of chapter 59 of the laws of
 3 2015, is amended to read as follows:
 4 5. [A] The following entities, including any parent company or subsid-
 5 iary thereof, shall not be eligible to receive the tax credit under this
 6 article or any component thereof: (a) a not-for-profit business enti-
 7 ty[,]; (b) a business entity whose primary function is the provision of
 8 services including personal services, business services, or the
 9 provision of utilities[, and]; (c) a business entity engaged predomi-
 10 nantly in the retail or entertainment industry, other than a business
 11 operating as an entertainment company as defined in this article and
 12 other than a business entity engaged in music production[, and]; (d) a
 13 company engaged in the generation or distribution of electricity, the
 14 distribution of natural gas, or the production of steam associated with
 15 the generation of electricity [are not eligible to receive the tax cred-
 16 it described in this article]; and (e) a mobile sports wagering opera-
 17 tor, as defined by section thirteen hundred sixty-seven of the racing,
 18 pari-mutuel wagering and breeding law.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15055-01-6

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