Bill > A01951

This bill modifies the real property tax law to require businesses seeking certain tax exemptions for construction, alteration, or improvement projects to employ at least 80% local labor, defined as individuals residing within the same economic development region where the business is located. The bill applies to two specific tax exemption sections (485-b and 487) and provides several exceptions to the local labor requirement, including: cases involving specialized manufacturing or installation warranties where local labor cannot produce equivalent products; situations requiring specialized construction skills that local workers do not possess; instances where no local labor is available; and circumstances where key project personnel with specific skills cannot be found in the local labor market. The goal appears to be promoting local employment and economic development by incentivizing businesses to hire workers from their immediate geographic region in exchange for property tax benefits. Businesses seeking these tax exemptions must now demonstrate their compliance with the local labor requirement or justify any exemptions through specific, documented reasons.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1951