New York S 4731: Provides a tax credit for certain durable medical equipment

Bill Text

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S04731 Summary:

BILL NOS04731 

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SAME ASNo Same As

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SPONSORSANDERS

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COSPNSRFERNANDEZ, PARKER, WEBB

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MLTSPNSR

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Add Art 25-D §§863 - 863-l, Lab L; add §87-j, Work Comp L

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Establishes the small contractors relief act; creates the New York small contractor safety group, inc. pilot program; appropriates money therefor.

Go to top S04731 Actions:

BILL NOS04731 

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02/12/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

Go to topS04731 Committee&nbspVotes:

Go to topS04731 Floor&nbspVotes:

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

Go to topS04731 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4731

 2025-2026 Regular Sessions

 IN SENATE

 February 12, 2025
 ___________

 Introduced by Sens. SANDERS, FERNANDEZ, PARKER, WEBB -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Finance

 AN ACT to amend the labor law and the workers' compensation law, in
 relation to establishing the New York small contractor safety group,
 inc. and providing for its functions, powers and duties, and estab-
 lishing the New York small contractor safety group fund within the New
 York state insurance fund and making an appropriation therefor

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

 1 Section 1. This act shall be known and may be cited as the "small
 2 contractors relief act".
 3 § 2. The labor law is amended by adding a new article 25-D to read as
 4 follows:
 5 ARTICLE 25-D
 6 NEW YORK SMALL CONTRACTOR SAFETY GROUP, INC. PILOT PROGRAM
 7 Section 863. Definitions.
 8 863-a. New York small contractor safety group, inc. pilot
 9 program.
 10 863-b. Management of the safety group; board of directors.
 11 863-c. Plan of operation.
 12 863-d. Membership.
 13 863-e. Securing coverage.
 14 863-f. Assessment of safety group members.
 15 863-g. Audit authority.
 16 863-h. Financial oversight of the safety group.
 17 863-i. Exemption from taxes.
 18 863-j. Mandatory work safety program attendance and partic-
 19 ipation.
 20 863-k. Expiration of pilot program.
 21 863-l. Rules and regulations.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09263-01-5

 S. 4731 2

 1 § 863. Definitions. For purposes of this article the following terms
 2 shall have the following meanings:
 3 1. "Board" means the board of directors of the safety group.
 4 2. "Liability insurance" means personal injury liability insurance,
 5 property damage liability insurance and employer's liability insurance,
 6 as such terms are defined in paragraphs thirteen, fourteen and fifteen
 7 of subsection (a) of section one thousand one hundred thirteen of the
 8 insurance law and shall also include any type of insurance deemed by the
 9 superintendent of financial services to be substantially similar pursu-
 10 ant to paragraph thirty of subsection (a) of such section.
 11 3. "Small contractor" means any contractor which (i) is a resident in
 12 this state, (ii) is independently owned and operated, (iii) is either
 13 (A) a certified minority or women owned business as provided for in law
 14 or (B) if not such a certified minority or women owned business, both
 15 (1) in the fiscal year prior to the year for which application for
 16 coverage under this article is requested, had less than one million
 17 dollars in gross revenues, and (2) provides adequate proof, as evidenced
 18 by a letter of rejection or otherwise appropriate documentation, that
 19 after written application for liability insurance coverage from an
 20 insurer licensed in this state to provide such insurance, it has been
 21 denied coverage for either the prior fiscal year, or the fiscal year for
 22 which liability insurance is requested. Additionally, it shall also
 23 include contractors with a gross revenue of one million dollars or more,
 24 up to a limit to be determined by the safety group following actuarially
 25 prudent principles, provided that such contractors can provide adequate
 26 proof that they are unable to secure insurance coverage as provided for
 27 herein.
 28 4. "Safety group" means the New York small contractor safety group,
 29 inc. establi