New York A 4737: Adds medical and health insurance information within the definitions of identity theft

Bill Text

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A04737 Summary:

BILL NOA04737 

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SAME ASNo Same As

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SPONSORRajkumar

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COSPNSR

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MLTSPNSR

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Amd §8, St Fin L; add Art 2-K §25-ff, Gen City L; add §696-g, amd §970-f, Gen Muni L; amd §22-823, NYC Ad Cd

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Requires the state comptroller, and the NYC comptroller, to prepare an analysis of the return on investment of certain economic development programs and projects.

Go to top A04737 Actions:

BILL NOA04737 

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02/06/2025referred to economic development

01/07/2026referred to economic development

Go to topA04737 Committee&nbspVotes:

Go to topA04737 Floor&nbspVotes:

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

Go to topA04737 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4737

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 6, 2025
 ___________

 Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
 tee on Economic Development

 AN ACT to amend the state finance law, the general city law, the general
 municipal law, and the administrative code of the city of New York, in
 relation to an analysis of the return on investment for economic
 development programs

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "return on investment act".
 3 § 2. Section 8 of the state finance law is amended by adding a new
 4 subdivision 21 to read as follows:
 5 21. (a) Complete an analysis of the return on investment, as such term
 6 is defined in section one hundred eighty of the tax law, in the manner
 7 prescribed in this section, for every: capital expenditure; financial
 8 assistance; credit against a tax imposed; payment in lieu of taxes;
 9 development plan; local incentive; urban development action area project
 10 as defined in section six hundred ninety-two of the general municipal
 11 law; redevelopment plan pursuant to section nine hundred seventy-f of
 12 the general municipal law; community development project as defined in
 13 section nine hundred fifty-seven of the general municipal law; rebate of
 14 sales taxes paid; or rebate or discount of charges for energy, to a
 15 private entity by any department, authority, industrial development
 16 agency, development corporation, urban renewal agency, council, commis-
 17 sion, trust, or other instrument of the state for the purpose of econom-
 18 ic development, unless such analysis is otherwise provided for by anoth-
 19 er statute.
 20 (b) For any one-time project or program, the comptroller shall
 21 complete such analysis no later than two years after the completion of
 22 the project or program, or five years after its execution, whichever
 23 comes first.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08575-01-5

 A. 4737 2

 1 (c) For any recurring program, the comptroller shall complete such
 2 analysis of the program no later than two years after the effective date
 3 of this section and by January first every five years thereafter.
 4 (d) Any entity administering a program or project set forth in para-
 5 graph (a) of this subdivision shall furnish any requested information to
 6 the comptroller to complete such analysis.
 7 (e) To complete any such analysis, the comptroller may contract with
 8 an economic impact firm or may delegate such duty to any instrumentality
 9 of the state or municipal corporation which administers the program or
 10 project.
 11 (f) For the purpose of this subdivision, "economic development" shall
 12 mean any project or program for the prosperous development and
 13 protection of the legitimate interest and welfare of New York business,
 14 industry and commerce, within and outside the state; the expansion and
 15 development of markets for New York products; the location and develop-
 16 ment of new business in the state as well as the maintenance and expan-
 17 sion of existing business; urban renewal as defined in section five
 18 hundred two of the general municipal law; creation or expansion of ener-
 19 gy infrastructure; creation or expansion of transportation infrastruc-
 20 ture; promotion of tourism; promotion of the arts