New York bills · 2025 Regular Session
New York A 248
Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- William Magnarelli (Democratic)
Cosponsors (1)
- Christopher Eachus (Democratic)
Summary
Official abstract published by the New York legislature
Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · House
REFERRED TO GOVERNMENTAL OPERATIONS - Jan 8, 2025 · House
REFERRED TO GOVERNMENTAL OPERATIONS