New York A 10900: Establishes the incentive evaluation act

Bill Text

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A10900 Summary:

BILL NOA10900 

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SAME ASNo Same As

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SPONSORBores

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COSPNSRSimone

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MLTSPNSR

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Add Art 29 §§510 - 514, Ec Dev L

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Establishes the incentive evaluation act; creates the incentive evaluation commission to at least once every four years evaluate each incentive provided by the state and report to the governor and the legislature on their effectiveness and provide recommendations relating thereto.

Go to top A10900 Actions:

BILL NOA10900 

&nbsp

04/08/2026referred to economic development

Go to topA10900 Committee&nbspVotes:

Go to topA10900 Floor&nbspVotes:

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

Go to topA10900 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10900

 IN ASSEMBLY

 April 8, 2026
 ___________

 Introduced by M. of A. BORES -- read once and referred to the Committee
 on Economic Development

 AN ACT to amend the economic development law, in relation to establish-
 ing the incentive evaluation act

 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 INCENTIVE EVALUATION ACT
 5 Section 510. Short title.
 6 511. Definitions.
 7 512. Incentive evaluation commission.
 8 513. Periodic evaluations.
 9 514. Evaluation process.
 10 § 510. Short title. This article shall be known and may be cited as
 11 the "incentive evaluation act".
 12 § 511. Definitions. As used in this article, the following terms shall
 13 have the following meanings:
 14 1. "business entity" shall mean any person, corporation, partnership,
 15 sole proprietor, limited partnership, association or any other business
 16 entity.
 17 2. "commission" shall mean the incentive evaluation commission estab-
 18 lished under this article.
 19 3. "incentive" shall mean a tax credit, tax exemption, tax deduction,
 20 tax expenditure, rebate, grant, or loan that is intended to encourage
 21 businesses to locate, expand, invest, or remain in New York, or to hire
 22 or retain employees in New York.
 23 4. "substantial interest" shall mean the ownership, directly or indi-
 24 rectly, of more than fifty percent of the equity interest with voting
 25 rights of a business entity.
 26 § 512. Incentive evaluation commission. 1. There is hereby established
 27 the incentive evaluation commission consisting of:
 28 (a) A certified public accountant appointed by the state comptroller;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09441-04-6

 A. 10900 2

 1 (b) A chartered financial analyst appointed by the speaker of the
 2 assembly;
 3 (c) An auditor who is employed as an internal auditor by a company or
 4 who is employed by a private auditing firm appointed by the state comp-
 5 troller;
 6 (d) An economist from a New York college or university appointed by
 7 the temporary president of the senate;
 8 (e) A lay person who is not an elected official appointed by the
 9 governor;
 10 (f) The commissioner of the department of taxation and finance or
 11 their designee who is also a member of the department of taxation and
 12 finance, which shall be an ex officio and nonvoting position;
 13 (g) The director of the authorities budget office or their designee
 14 who is an employee of the authorities budget office which shall be an ex
 15 officio and nonvoting position; and
 16 (h) The commissioner or their designee who is an employee of empire
 17 state development which shall be an ex officio and nonvoting position.
 18 2. Initial appointments to the commission of voting members shall
 19 occur within ninety days of the effective date of this article and such
 20 members shall have their term expire on the thirty-first of December
 21 next succeeding the ninetieth day after the effective date of this arti-
 22 cle. Thereafter, such members shall be appointed for terms of four years
 23 beginning on January first. Any vacancy shall be filled by the appoint-
 24 ing authority for the remainder of the unexpired term.
 25 3. No person shall serve on the commission or be appointed to the
 26 commission who is employed by a business entity that rec