New York S 9143: Establishes the empire state sports and entertainment fund

Bill Text

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S09143 Summary:

BILL NOS09143 

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SAME ASSAME AS A09562

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SPONSORRYAN C

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COSPNSRCHAN, MYRIE

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MLTSPNSR

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Add Art 29 §§520 - 526, Ec Dev L

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Establishes the empire state sports and entertainment fund to create competitive financial incentives to attract sports and entertainment events in the state with an emphasis on economic development in upstate New York.

Go to top S09143 Actions:

BILL NOS09143 

&nbsp

02/05/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

Go to topS09143 Committee&nbspVotes:

Go to topS09143 Floor&nbspVotes:

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

Go to topS09143 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9143

 IN SENATE

 February 5, 2026
 ___________

 Introduced by Sen. C. RYAN -- 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 establish-
 ing the empire state sports and entertainment fund

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

 1 Section 1. The economic development law is amended by adding a new
 2 article 29 to read as follows:
 3 ARTICLE 29
 4 EMPIRE STATE SPORTS AND ENTERTAINMENT FUND
 5 Section 520. Short title.
 6 521. Statement of legislative findings and declaration.
 7 522. Definitions.
 8 523. Eligibility criteria.
 9 524. Application and approval process.
 10 525. Powers and duties of the commissioner.
 11 526. Maintenance of records.
 12 § 520. Short title. This article shall be known and may be cited as
 13 the "empire state sports and entertainment fund".
 14 § 521. Statement of legislative findings and declaration. It is hereby
 15 found and declared that New York state needs, as a matter of public
 16 policy, to create competitive financial incentives to attract sports and
 17 entertainment events that can be located in any state. The empire state
 18 sports and entertainment fund is created to help New York compete with
 19 other states for the siting of these unique opportunities.
 20 This article creates a fund that will make New York venues more
 21 competitive when trying to secure these types of events. The sports and
 22 entertainment opportunities targeted by this fund will be events that
 23 are not currently designated for New York and that are not part of a
 24 regular schedule in New York and could reasonably be located in other
 25 markets.
 26 § 522. Definitions. For the purposes of this article:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14308-01-5

 S. 9143 2

 1 1. "Qualifying sports or entertainment event" means a sports or enter-
 2 tainment event that is not part of a fixed, recurring residency or
 3 exclusive home schedule at a single venue in the state, that has a live
 4 audience of at least five thousand ticketholders, and is capable of
 5 being held in other states or markets and is not contractually, legally
 6 or otherwise obligated to take place in the state.
 7 2. "Certificate of eligibility" means the document issued by the
 8 department to an applicant that has completed an application to be
 9 admitted into the empire state sports and entertainment fund program and
 10 has been accepted into the program by the department. Possession of a
 11 certificate of eligibility does not by itself guarantee the eligibility
 12 to claim any funds.
 13 3. "Certificate of funding" means the document issued to a participant
 14 by the department, after the department has verified that the partic-
 15 ipant has met all applicable eligibility criteria in this article. The
 16 certificate shall be issued if such criteria are satisfied and shall
 17 specify the exact amount of funding under this article that a partic-
 18 ipant may claim and shall specify the taxable year in which such funding
 19 may be awarded.
 20 4. "Participant" means a business entity that:
 21 (a) has completed an application prescribed by the department to be
 22 admitted into the program;
 23 (b) has been issued a certificate of eligibility by the department;
 24 (c) has demonstrated that it meets the eligibil