New York S 339: Relates to exemptions from assessments on residential health care facilities

Bill Text

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S00339 Summary:

BILL NOS00339 

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SAME ASNo Same As

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SPONSORBAILEY

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COSPNSRADDABBO, COMRIE, GONZALEZ, GOUNARDES, HOYLMAN-SIGAL, MAY, PARKER, PERSAUD, RAMOS, SANDERS

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MLTSPNSR

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Rpld & add §104-a, Ec Dev L; amd §§1836-a, 1836-b, 1836-c, 1836-d & 1836-e, Pub Auth L; amd §612, Tax L

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Relates to the establishment of a state university-based center for employee ownership that provides education and outreach to business owners regarding employee ownership.

Go to top S00339 Actions:

BILL NOS00339 

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01/08/2025REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

03/12/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

05/13/2026REPORTED AND COMMITTED TO FINANCE

Go to topS00339 Committee&nbspVotes:

Go to topS00339 Floor&nbspVotes:

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

Go to topS00339 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 339

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. BAILEY, ADDABBO, COMRIE, GOUNARDES, HOYLMAN-SIGAL,
 MAY, PARKER, PERSAUD, RAMOS, SANDERS -- read twice and ordered print-
 ed, and when printed to be committed to the Committee on Commerce,
 Economic Development and Small Business

 AN ACT to amend the economic development law, the public authorities law
 and the tax law, in relation to the establishment of a state universi-
 ty-based center for employee ownership; and to repeal certain
 provisions of the economic development law relating thereto

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

 1 Section 1. Section 104-a of the economic development law is REPEALED
 2 and a new section 104-a is added to read as follows:
 3 § 104-a. Establishment of a state university-based center for employee
 4 ownership. With respect to employee ownership, the department shall
 5 establish a state university-based center for employee ownership "the
 6 center".
 7 1. The center shall:
 8 (a) provide education and outreach to inform business owners about the
 9 benefits of employee ownership successions;
 10 (b) organize workshops and conferences on employee ownership
 11 successions;
 12 (c) prepare and distribute materials concerning employee ownership
 13 successions;
 14 (d) provide initial consultation to business owners exploring the
 15 possibility of transferring full or partial ownership to employees;
 16 (e) provide a referral service to help business owners find legal,
 17 financial, and technical advice in connection with employee ownership
 18 successions;
 19 (f) partner with key organizations, such as professional and trade
 20 associations, financial institutions, unions, economic development

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00214-01-5

 S. 339 2

 1 organizations, and other non-profit entities, to promote employee owner-
 2 ship successions;
 3 (g) conduct investigations, research, studies, and analyses on the
 4 subject of employee ownership; and
 5 (h) support the growth of associations of employee-owned companies.
 6 2. The center shall additionally provide support and access in govern-
 7 ment relations, including providing access to information regarding
 8 rules and regulations that relate to employee ownership and develop
 9 proposals for changes in policies to promote employee ownership.
 10 § 2. Section 1836-a of the public authorities law, as added by chapter
 11 788 of the laws of 1983, is amended to read as follows:
 12 § 1836-a. Legislative findings. The legislature hereby finds and
 13 declares that [the health, safety and general welfare of the people of
 14 this state are directly dependent upon the state economy, and that one
 15 of the principal problems of our present economy is the permanent clos-
 16 ing of industrial and manufacturing plants, and their relocation out of
 17 state, which results in the loss of jobs and increasing unemployment.
 18 It is the purpose of this subtitle to encourage the employees of
 19 plants that are about to be permanently closed, or relocated, to acquire
 20 such plants and to continue to o