New York S 4797: Relates to establishing the manufacturing development zone program and tax credits related thereto

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S04797 Summary:

BILL NOS04797 

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SAME ASNo Same As

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Add Art 23 §§450 - 453, Ec Dev L; add §423-a, RPT L; amd §606, Tax L

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Relates to establishing the manufacturing development zone program and tax credits related thereto.

Go to top S04797 Actions:

BILL NOS04797 

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02/12/2025REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

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

Go to topS04797 Committee&nbspVotes:

Go to topS04797 Floor&nbspVotes:

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

Go to topS04797 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4797

 2025-2026 Regular Sessions

 IN SENATE

 February 12, 2025
 ___________

 Introduced by Sen. SANDERS -- 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, the real property tax law
 and the tax law, in relation to the manufacturing development zone
 program and tax credits related thereto

 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 23 to read as follows:
 3 ARTICLE 23
 4 MANUFACTURING DEVELOPMENT ZONE PROGRAM
 5 Section 450. Definitions.
 6 451. Purpose.
 7 452. Eligibility and application process.
 8 453. Tax credit incentives.
 9 § 450. Definitions. As used in this article, the following terms shall
 10 have the following meanings:
 11 1. "Area" means a geographic area in one or more political subdivi-
 12 sions in the state described by a closed perimeter boundary.
 13 2. "Business entity" means a person that operates or conducts a trade
 14 or business that is engaged in heavy manufacturing.
 15 3. "Heavy manufacturing" means a manufacturing process that involves
 16 large scale projects. It includes construction, mining, and metal proc-
 17 essing, but does not include the processing, fabricating, assembly or
 18 disassembly of apparel, decorations, electronic devices, food, home
 19 accessories, instruments, jewelry, leather, paper, or textiles.
 20 4. "Manufacturing development zone" means an area designated as a
 21 manufacturing development zone by the commissioner under subdivision
 22 four of section four hundred fifty-two of this article.
 23 5. "Political subdivision" means a county or municipal corporation.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09614-01-5

 S. 4797 2

 1 6. "Submission date" means April fifteenth or October fifteenth.
 2 § 451. Purpose. The purpose of the manufacturing development zone
 3 program is to encourage business entities engaged in manufacturing
 4 outside the state to invest in manufacturing facilities in manufacturing
 5 development zones.
 6 § 452. Eligibility and application process. 1. The following political
 7 subdivisions may apply to designate a manufacturing development zone:
 8 (a) a political subdivision for an area within a political subdivi-
 9 sion;
 10 (b) with the prior consent of the municipal corporation, a county on
 11 behalf of a municipal corporation for an area in the municipal corpo-
 12 ration; or
 13 (c) two or more political subdivisions jointly for an area astride
 14 their common boundaries;
 15 2. The application shall:
 16 (a) be in the form and manner and contain the information that the
 17 commissioner requires by regulation;
 18 (b) be submitted for a political subdivision by its chief elected
 19 officer or, if none, its governing body;
 20 (c) state whether the political subdivision has examined the feasibil-
 21 ity of creating educational or training opportunities for employers and
 22 employees of business entities located or to be located in the proposed
 23 manufacturing development zone;
 24 (d) state the standards established by the political subdivision that
 25 a business entity shall meet before receiving the incentives and initi-
 26 atives under section four hundred fifty-three of this article; and
 27 (e) state the methods that the political subdivisions will use to
 28 tar