Bill > A05258

This bill amends the New York General Municipal Law to prevent county industrial development agencies (IDAs) from offering financial incentives in municipalities that already have their own industrial development agency. Specifically, the bill prohibits county agencies from providing any type of economic development assistance, such as financial support, tax incentives, payments in lieu of taxes (PILOT), or other funding in municipalities within the county that have established their own local IDA. This restriction aims to reduce potential redundancy and competition between county and municipal economic development agencies, ensuring that local governments have primary control over economic incentives in their jurisdictions. The bill will take effect two years after it becomes law, giving local governments and agencies time to adapt to the new regulation. By limiting county-level incentives in areas with existing municipal IDAs, the legislation seeks to create a more streamlined and locally-controlled approach to economic development incentives.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5258