start_up_ny

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STATE OF NEW YORK________________________ ____________________________ ____________________

8096

2013-2014 Regular Sessions

IN ASSEMBLY

June 18, 2013

___________

Introduced by M. of A. SILVER, MORELLE, GLICK, FARRELL -- read once and

referred to the Committee on Ways and Means

AN ACT to amend the economic development law, the tax law, the adminis-

trative code of the city of New York, the real property tax law andthe education law, in relation to establishing the START-UP NY program

The People of the State of New York, represented in Senate and Assem-___________________________ ____________________________ _______________

bly, do enact as follows:________________________ _

1 Sect ion 1. The econ omic deve lopm ent law is ame nded by adding a ne w

2 article 21 to read as follows:

3 ARTICLE 21__________

4 START-UP NY PROGRAM___________________

5 Section 430. Short title.________________________ _

6 431. Definitions._________________

7 43 2. El igibi lity crit eria for unive rsit ies a nd co lleg es.__________________________ ___________________________ ___

8 433. Eligibility criteria for businesses.__________________________ _______________

9 434. Tax benefits.__________________

10 435. Approval of tax-free NY areas.__________________________ _________

11 436. Businesses locating in tax-free NY areas.__________________________ ____________________

12 437. MWBE and prevailing wage requirements.__________________________ _________________

13 43 8. Di sclos ure autho rizat ion and r epor ting requi reme nts.__________________________ ___________________________ ____

14 439. Conflict of interest guidelines.__________________________ ___________

15 440. Prohibition of anti-competitive behavior.__________________________ ____________________

16 430. S hort t itle. This a rticle shall b e known a nd may be cited as___________________________ ____________________________ _______________

17 the "SUNY Tax-free Areas to Revitalize and Transform UPstate New York________________________ ____________________________ ____________________

18 program," or the "START-UP NY program".________________________ _______________

19 431. Definitions. For purposes of this article:___________________________ ______________________

20 1. "State university campus" shall mean any of the colleges and___________________________ ____________________________ _______________

21 universities described in subdivision three of section three hundred________________________ ____________________________ ____________________22 fifty-two of the education law.________________________ _______

23 2. "Community college" means a college established and operated pursu-___________________________ ____________________________ _______________

24 ant to the provisions of article one hundred twenty-six of the education________________________ ____________________________ ____________________

EXPLANATION--Matter in italics (underscored) is new; matter in brackets_______

[ ] is old law to be omitted.

LBD11595-01-3


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1 law, and providing two-year or four-year post secondary programs in________________________ ____________________________ ____________________

2 general and technical educational subjects and receiving financial________________________ ____________________________ ____________________

3 assistance from the state, other than a community college of the city________________________ ____________________________ ____________________

4 university of New York._______________________

5 3. "City university campus" means a campus of the city university of___________________________ ____________________________ _______________

6 New York, as defined in subdivision two of section sixty-two hundred two________________________ ____________________________ ____________________

7 of the education law._____________________

8 4. "Private college or university" means a not-for-profit two or four___________________________ ____________________________ _______________

9 year university or college given the power to confer associate, bacca-________________________ ____________________________ ____________________10 laureate or higher degrees in this state by the legislature or by the________________________ ____________________________ ____________________

11 regents under article five of the education law.________________________ ________________________

12 5. "Net new job" means a job created in a tax-free NY area that satis-___________________________ ____________________________ _______________

13 fies all of the following criteria:________________________ ___________

14 (a) is new to the state;________________________

15 (b) has not bee n t ransf erred fro m emp loym ent with anoth er bu sines s___________________________ ____________________________ _______________

16 located in this state, through an acquisition, merger, consolidation or________________________ ____________________________ ____________________

17 o ther reo rgani zatio n o f bu sines ses or the acqu isiti on of ass ets of________________________ ____________________________ ____________________

18 another business, or except as provided in paragraph (d) of subdivision________________________ ____________________________ ____________________

19 s ix o f t his secti on has not b een t rans ferr ed fr om em ploy ment w ith a________________________ ____________________________ ____________________

20 related person in this state;________________________ _____

21 (c) i s not fi lled b y an ind ividu al e mploy ed w ithin the st ate withi n___________________________ ____________________________ _______________

22 the immediately preceding sixty months by a related person;________________________ ____________________________ _______23 (d) is either a full-time wage-paying job or equivalent to a full-time___________________________ ____________________________ _______________

24 wage-paying job requiring at least thirty-five hours per week; and________________________ ____________________________ ______________

25 (e) i s filled f or m ore t han s ix m ont hs.___________________________ ____________

26 6. "New business" means a business that satisfies all of the following___________________________ ____________________________ _______________

27 t ests:______

28 (a) the business must not be operating or located within the state at___________________________ ____________________________ _______________

29 the time it submits its application to participate in the START-UP NY________________________ ____________________________ ____________________

30 program;________

31 (b) the business must not be moving existing jobs into the tax-free NY___________________________ ____________________________ _______________

32 area from another area in the state;________________________ ____________

33 (c) the bus iness is not sub stan tiall y si milar in o pera tion and i n___________________________ ____________________________ _______________

34 ownership to a business entity (or entities) taxable, or previously________________________ ____________________________ ____________________

35 taxable within the last five taxable years, under section one hundred________________________ ____________________________ ____________________

36 eighty-three, one hundred eighty-four, one hundred eighty-five or one________________________ ____________________________ ____________________

37 hundred eighty-six of the tax law, article nine-A, thirty-two or thir-________________________ ____________________________ ____________________

38 ty-three of the tax law, article twenty-three of the tax law or which________________________ ____________________________ ____________________

39 would have been subject to tax under such article twenty-three (as such________________________ ____________________________ ____________________

40 article was in effect on January first, nineteen hundred eighty), or the________________________ ____________________________ ____________________

41 income (or losses) of which is (or was) includable under article twen-________________________ ____________________________ ____________________

42 t y-two of the t ax la w; a nd________________________ __

43 (d) the bus iness mu st n ot ha ve caused ind ividu als to tr ansfe r fro m___________________________ ____________________________ _______________

44 existing employment with a related person located in the state to simi-________________________ ____________________________ ____________________

45 lar employment with the business, unless such business has received________________________ ____________________________ ____________________

46 approval for such transfers from the commissioner after demonstrating________________________ ____________________________ ____________________

47 that the related person has not eliminated those existing positions.________________________ ____________________________ ________________

48 7. "Tax -free NY a rea " mea ns t he l and o r v ac ant s pace o f a u niv ersit y___________________________ ____________________________ _______________

49 or college that meets the eligibility criteria specified in section four________________________ ____________________________ ____________________50 hundred thirty-two of this article and that has been approved as a tax-________________________ ____________________________ ____________________

51 free NY area pursuant to the provisions in section four hundred thirty-________________________ ____________________________ ____________________

52 f ive o f t his a rticle . It a lso m ean s a s trat egic sta te a sset tha t ha s________________________ ____________________________ ____________________

53 been approved by the START-UP NY approval board pursuant to the________________________ ____________________________ ____________________

54 provisions of subdivision four of section four hundred thirty-five of________________________ ____________________________ ____________________

55 this article._____________


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1 8. "Related person" means a "related person" pursuant to subparagraph___________________________ ____________________________ _______________

2 (c) of paragraph three of subsection (b) of section four hundred sixty-________________________ ____________________________ ____________________

3 five of the internal revenue code.________________________ __________

4 9. "Strategic state asset" means land or a building or group of build-___________________________ ____________________________ _______________

5 ings owned by the state of New York, that is: (a) closed; (b) vacant; or________________________ ____________________________ ____________________

6 (c) for which notice of closure has been given pursuant to any statutory________________________ ____________________________ ____________________

7 notice requirement or which is otherwise authorized to be closed pursu-________________________ ____________________________ ____________________

8 ant to any chapter of the laws of New York.________________________ ___________________

9 10. "START-UP NY approval board" or "board" means a board consisting___________________________ ____________________________ _______________10 of three members, one each appointed by the governor, the speaker of the________________________ ____________________________ ____________________

11 assembly and the temporary president of the senate. Each member of the________________________ ____________________________ ____________________

12 START-UP NY approval board must have significant expertise and experi-________________________ ____________________________ ____________________

13 ence in academic based economic development and may not have a personal________________________ ____________________________ ____________________

14 interest in any project that comes before the board.________________________ ____________________________

15 11. "Underutilized property" means vacant or abandoned land or space___________________________ ____________________________ _______________

16 in an existing industrial park, manufacturing facility, a brownfield________________________ ____________________________ ____________________

17 site as defined in article twenty-seven of the environmental conserva-________________________ ____________________________ ____________________

18 tion law, or a distressed or abandoned property, which shall be deter-________________________ ____________________________ ____________________

19 m ined b y factor s inc ludi ng p overty , id entif ied by the coun ty o r th e________________________ ____________________________ ____________________

20 town, village or city that contains such distressed or abandoned proper-________________________ ____________________________ ____________________

21 ty, as of the effective date of this article. A college or university________________________ ____________________________ ____________________

22 shall work with local municipalities or local economic development enti-________________________ ____________________________ ____________________23 ties to identify underutilized properties.________________________ __________________

24 12. "Eligible land" means land eligible pursuant to section four___________________________ ____________________________ _______________

25 hundred thirty-two of this article for approval as a tax-free NY area.________________________ ____________________________ __________________

26 13. "Sponsoring campus, university or college" means a university or___________________________ ____________________________ _______________

27 college that has received approval to sponsor a tax-free NY area pursu-________________________ ____________________________ ____________________

28 ant to section four hundred thirty-five of this article.________________________ ____________________________ ____

29 432. Eligibility criteria for universities and colleges. 1. State___________________________ ____________________________ _______________

30 university campuses, community colleges and city university campuses.________________________ ____________________________ ____________________

31 (a) Subject to the limitations in paragraph (c) of this subdivision, the________________________ ____________________________ ____________________

32 f ollow ing will con stit ute the elig ible lan d of a s tate univ ersit y________________________ ____________________________ ____________________

33 campus, community college, or city university campus:________________________ ____________________________ _

34 (i) a ny v acant space i n any b uilding l ocated o n a campus of a state___________________________ ____________________________ _______________

35 university campus, community college or city university campus;________________________ ____________________________ ___________

36 (ii) any vacant land on a campus of a state university campus, commu-___________________________ ____________________________ _______________

37 nity college or city university campus;________________________ _______________

38 (iii) for a state university campus or community college, a total of___________________________ ____________________________ _______________

39 two hundred thousand square feet of vacant land or vacant building space________________________ ____________________________ ____________________

40 that, except as provided under paragraph (b) of this subdivision, is________________________ ____________________________ ____________________

41 located within one mile of a campus of the state university campus or________________________ ____________________________ ____________________

42 community college; provided that this subparagraph shall not apply to a________________________ ____________________________ ____________________

43 state university campus or community college located in Nassau county,________________________ ____________________________ ____________________

44 Suffolk county or Westchester county; and________________________ _________________

45 (iv) a New York state incubator as the term is used in subdivision___________________________ ____________________________ _______________

46 four of section four hundred thirty-three of this article with a bona________________________ ____________________________ ____________________

47 fide affiliation to the state university campus, community college or________________________ ____________________________ ____________________

48 city university campus, with approval of the commissioner. In order for________________________ ____________________________ ____________________

49 there to be a bona fide affiliation of a New York state incubator with a________________________ ____________________________ ____________________50 state university campus, community college or city university campus,________________________ ____________________________ ____________________

51 the incubator and the state university campus, community college or city________________________ ____________________________ ____________________

52 university campus must have a partnership to provide assistance and________________________ ____________________________ ____________________

53 physical space to eligible businesses, as the term is used in section________________________ ____________________________ ____________________

54 sixteen-v of the urban development corporation act; the incubator and________________________ ____________________________ ____________________

55 the state university campus, community college or city university campus________________________ ____________________________ ____________________

56 must directly work towards the goals of jointly creating jobs and incu-________________________ ____________________________ ____________________


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1 bating new startup businesses; and the mission and activities of the________________________ ____________________________ ____________________

2 incubator must align with or further the academic mission of the state________________________ ____________________________ ____________________

3 university campus, community college or city university campus.________________________ ____________________________ ___________

4 (b) A state uni vers ity campu s or comm unit y col lege whic h qua lifie s___________________________ ____________________________ _______________

5 under subparagraph (iii) of paragraph (a) of this subdivision may apply________________________ ____________________________ ____________________

6 to the commissioner for a determination that identified vacant land or________________________ ____________________________ ____________________

7 identified vacant space in a building that is located more than one mile________________________ ____________________________ ____________________

8 from its campus, and is not located in Nassau county, Suffolk county,________________________ ____________________________ ____________________

9 Westchester county or New York city, is eligible land for purposes of________________________ ____________________________ ____________________10 this program. The commissioner shall give consideration to factors________________________ ____________________________ ____________________

11 including rural, suburban and urban geographic considerations and may________________________ ____________________________ ____________________

12 qualify the identified land or space in a building as eligible land if________________________ ____________________________ ____________________

13 the commissioner, in consultation with the chancellor or his or her________________________ ____________________________ ____________________

14 designee, determines that the state university campus or community________________________ ____________________________ ____________________

15 college has shown that the use of the land or space will be consistent________________________ ____________________________ ____________________

16 w ith t he r equir ement s of t his p rog ram a nd the plan sub mitt ed b y th e________________________ ____________________________ ____________________

17 state university campus or community college pursuant to section four________________________ ____________________________ ____________________

18 hundred thirty-five of this article. In addition, two hundred thousand________________________ ____________________________ ____________________

19 square feet of vacant land or vacant building space affiliated with or________________________ ____________________________ ____________________

20 in partnership with Maritime College shall be eligible under this para-________________________ ____________________________ ____________________

21 graph. The aggregate amount of qualified land or space under this para-________________________ ____________________________ ____________________

22 graph and subparagraph (iii) of paragraph (a) of this subdivision may________________________ ____________________________ ____________________23 n ot e xcee d tw o hu ndre d th ousan d s quare fe et fo r a state univ ersit y________________________ ____________________________ ____________________

24 campus or community college.________________________ ____

25 (c) The provisions of paragraphs (a) and (b) of this subdivision shall___________________________ ____________________________ _______________

26 apply only to:______________

27 (i) a state university campus other than the following: (A) any empire___________________________ ____________________________ _______________

28 state college campus except for the empire state college campus in Sara-________________________ ____________________________ ____________________

29 toga Springs, (B) any property of downstate medical center located in________________________ ____________________________ ____________________

30 N assau co unty, Suf folk cou nty, Wes tches ter coun ty o r Ne w Yor k cit y________________________ ____________________________ ____________________

31 e xcept for pro perty af filia ted with dow nsta te m edica l c enter tha t________________________ ____________________________ ____________________

32 constitutes a New York state incubator as the term is used in subdivi-________________________ ____________________________ ____________________

33 sion four of section four hundred thirty-three of this article, and (C)________________________ ____________________________ ____________________

34 any property of the college of optometry or maritime college located in________________________ ____________________________ ____________________

35 Nassau county, Suffolk county, Westchester county or New York city.________________________ ____________________________ _______________

36 (ii) a community college, except that for a community college whose___________________________ ____________________________ _______________

37 main campus is in New York city, paragraphs (a) and (b) of this subdivi-________________________ ____________________________ ____________________

38 sion shall not apply to property of such community college in Nassau________________________ ____________________________ ____________________

39 county, Suffolk county, Westchester county or New York city.________________________ ____________________________ ________

40 (iii) a total of five city university campuses, one each in the___________________________ ____________________________ _______________

41 boroughs of Manhattan, Brooklyn, Bronx, Queens and Staten Island, which________________________ ____________________________ ____________________

42 will be designated by the board of trustees of the city university of________________________ ____________________________ ____________________

43 New York. The campus designated in each borough must be located in an________________________ ____________________________ ____________________

44 economically distressed community. The commissioner shall establish a________________________ ____________________________ ____________________

45 list of economically distressed communities for the purpose of this________________________ ____________________________ ____________________

46 designation, based on criteria indicative of economic distress, includ-________________________ ____________________________ ____________________

47 ing poverty rates, numbers of persons receiving public assistance, unem-________________________ ____________________________ ____________________

48 ployment rates, and such other indicators as the commissioner deems________________________ ____________________________ ____________________

49 appropriate to be in need of economic assistance. In addition, para-________________________ ____________________________ ____________________50 graphs (a) and (b) of this subdivision shall apply to property of the________________________ ____________________________ ____________________

51 city university located outside of Nassau county, Suffolk county, West-________________________ ____________________________ ____________________

52 chester county and New York city.________________________ _________

53 (d) The eligible land of a state university campus, community college,___________________________ ____________________________ _______________

54 or city university campus will also include eligible land designated________________________ ____________________________ ____________________

55 under paragraph (c) of subdivision two of this section.________________________ ____________________________ ___


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1 2. Private colleges and universities and certain other campuses. (a)___________________________ ____________________________ _______________

2 Subject to the limitations in paragraph (c) of this subdivision, the________________________ ____________________________ ____________________

3 f ollow ing w ill c onst itut e the e lig ible l and of a priva te colle ge o r________________________ ____________________________ ____________________

4 university:___________

5 (i) any vaca nt s pace in a ny b ui ldin g loc ated on a camp us o f a p rivat e___________________________ ____________________________ _______________

6 university or college other than a campus which is located in Nassau________________________ ____________________________ ____________________

7 county, Suffolk county, Westchester county or New York city;________________________ ____________________________ ________

8 (ii) an y va cant lan d on a cam pus of a priv ate univer sity or colleg e___________________________ ____________________________ _______________

9 other than a campus which is located in Nassau county, Suffolk county,________________________ ____________________________ ____________________10 Westchester county or New York city;________________________ ____________

11 (iii) any vacant land or vacant space in a building which is not___________________________ ____________________________ _______________

12 located in Nassau county, Suffolk county, Westchester county or New York________________________ ____________________________ ____________________

13 c ity; and_________

14 (iv) a New York state incubator as the term is used in subdivision___________________________ ____________________________ _______________

15 four of section four hundred thirty-three of this article with a bona________________________ ____________________________ ____________________

16 fide affiliation to the private university or college, with approval of________________________ ____________________________ ____________________

17 the commissioner. In order for there to be a bona fide affiliation of a________________________ ____________________________ ____________________

18 New York state incubator with a private university or college, the incu-________________________ ____________________________ ____________________

19 bator and the private university or college must have a partnership to________________________ ____________________________ ____________________

20 provide assistance and physical space to eligible businesses as the term________________________ ____________________________ ____________________

21 is used in section sixteen-v of the urban development corporation act;________________________ ____________________________ ____________________

22 the incubator and the private university or college must directly work________________________ ____________________________ ____________________23 towards the goals of jointly creating jobs and incubating new startup________________________ ____________________________ ____________________

24 businesses; and the mission and activities of the incubator must align________________________ ____________________________ ____________________

25 w ith o r fu rther the aca demic mis sion of the pri vate uni versi ty o r________________________ ____________________________ ____________________

26 college.________

27 (b) Subject to the limitations in paragraph (c) of this subdivision,___________________________ ____________________________ _______________

28 three million square feet is the maximum aggregate amount of tax-free NY________________________ ____________________________ ____________________

29 areas of private universities and colleges that may be utilized for this________________________ ____________________________ ____________________

30 program, which shall be designated in a manner that ensures regional________________________ ____________________________ ____________________

31 balance and balance among eligible rural, urban and suburban areas in________________________ ____________________________ ____________________

32 the state. The commissioner shall maintain an accounting of the vacant________________________ ____________________________ ____________________

33 l and and spac e of pr ivate uni vers ities an d col leges tha t hav e bee n________________________ ____________________________ ____________________

34 approved as tax-free NY areas and shall stop accepting applications for________________________ ____________________________ ____________________

35 approval of tax-free NY areas when that maximum amount has been reached.________________________ ____________________________ ____________________

36 (c) Of the maximum aggregate amount in paragraph (b) of this subdivi-___________________________ ____________________________ _______________

37 sion, an initial amount of seventy-five thousand square feet shall be________________________ ____________________________ ____________________

38 designated as tax-free NY areas in each of the following: Nassau county,________________________ ____________________________ ____________________

39 Suffolk county, Westchester county and the boroughs of Brooklyn, Bronx,________________________ ____________________________ ____________________

40 Manhattan, Queens and Staten Island. The board may approve the desig-________________________ ____________________________ ____________________

41 nation of up to an additional seventy-five thousand square feet for any________________________ ____________________________ ____________________

42 county or borough that reaches the initial seventy-five thousand square________________________ ____________________________ ____________________

43 foot limit, provided that such additional seventy-five thousand square________________________ ____________________________ ____________________

44 feet shall not count against the square footage limitations in paragraph________________________ ____________________________ ____________________

45 (b) of this subdivision. Vacant land and vacant space in a building on________________________ ____________________________ ____________________

46 the campus of the following shall be eligible for designation under this________________________ ____________________________ ____________________

47 paragraph:__________

48 (i) a private university or college which campus is located in Nassau___________________________ ____________________________ _______________

49 county, Suffolk county, Westchester county or New York city.________________________ ____________________________ ________50 (ii) a state university campus that meets the criteria of clause (B)___________________________ ____________________________ _______________

51 or (C) of subparagraph (i) of paragraph (c) of subdivision one of this________________________ ____________________________ ____________________

52 section.________

53 (iii) a community college whose main campus is in New York city.___________________________ ____________________________ _________

54 (iv) a city university campus that is not designated under subpara-___________________________ ____________________________ _______________

55 graph (iii) of paragraph (c) of subdivision one of this section.________________________ ____________________________ ____________


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1 (d) In addition, the board may approve: (i) one application that___________________________ ____________________________ _______________

2 includes eligible land owned or leased by a city university campus that________________________ ____________________________ ____________________

3 is directly adjacent to such campus; (ii) one application that includes________________________ ____________________________ ____________________

4 eligible land owned or leased by a state university campus, community________________________ ____________________________ ____________________

5 college, or private university or college in Nassau county or Suffolk________________________ ____________________________ ____________________

6 county that is directly adjacent to such campus, university or college;________________________ ____________________________ ____________________

7 and (iii) one application that includes eligible land owned or leased by________________________ ____________________________ ____________________

8 a state university campus, community college, or private university or________________________ ____________________________ ____________________

9 college in Westchester county that is directly adjacent to such campus,________________________ ____________________________ ____________________10 university or college. The board may approve an additional application,________________________ ____________________________ ____________________

11 for a state university campus, community college, or private university________________________ ____________________________ ____________________

12 or college in the county not previously approved under subparagraph (ii)________________________ ____________________________ ____________________

13 of this paragraph in which case it shall also approve a second applica-________________________ ____________________________ ____________________

14 tion under subparagraph (i) of this paragraph.________________________ ______________________

15 3. Prohibition. A state university campus, community college or city___________________________ ____________________________ _______________

16 university campus is prohibited from relocating or eliminating any________________________ ____________________________ ____________________

17 academic programs, any administrative programs, offices, housing facili-________________________ ____________________________ ____________________

18 ties, dining facilities, athletic facilities, or any other facility,________________________ ____________________________ ____________________

19 space or program that actively serves students, faculty or staff in________________________ ____________________________ ____________________

20 o rder to crea te v acan t la nd o r sp ace to be util ized for the progra m________________________ ____________________________ ____________________

21 authorized by this article. In addition, nothing in this article shall________________________ ____________________________ ____________________

22 be deemed to waive or impair any rights or benefits of employees of the________________________ ____________________________ ____________________23 state university of New York, a community college or the city university________________________ ____________________________ ____________________

24 of New York that otherwise would be available to them pursuant to the________________________ ____________________________ ____________________

25 t erms of agre ement s b etwee n th e c ertif ied repr esent ativ es o f suc h________________________ ____________________________ ____________________

26 employees and their employers pursuant to article fourteen of the civil________________________ ____________________________ ____________________

27 service law. No services or work currently performed by public employees________________________ ____________________________ ____________________

28 of the state university of New York, a community college, or the city________________________ ____________________________ ____________________

29 university of New York or future work that is similar in scope and________________________ ____________________________ ____________________

30 nature to the work being currently performed by public employees shall________________________ ____________________________ ____________________

31 be contracted out or privatized by the state university of New York, a________________________ ____________________________ ____________________

32 community college or the city university of New York or by an affiliated________________________ ____________________________ ____________________

33 e ntity or ass ociat ed entit y of th e st ate unive rsity of New York, a________________________ ____________________________ ____________________

34 community college or the city university of New York. For the purpose of________________________ ____________________________ ____________________

35 t his s ecti on, a n af fili ated enti ty or a ssoc iated ent ity shal l no t________________________ ____________________________ ____________________

36 include a business that is participating in the START-UP NY program.________________________ ____________________________ ________________

37 433. Eligibility criteria for businesses. 1. In order to participate___________________________ ____________________________ _______________

38 in the START-UP NY program, a business must satisfy all of the following________________________ ____________________________ ____________________

39 criteria._________

40 (a) The mission and activities of the business must align with or___________________________ ____________________________ _______________

41 further the academic mission of the campus, college or university spon-________________________ ____________________________ ____________________

42 soring the tax-free NY area in which it seeks to locate, and the busi-________________________ ____________________________ ____________________

43 n ess's par ticip ation in the START -UP NY prog ram must hav e po sitiv e________________________ ____________________________ ____________________

44 community and economic benefits.________________________ ________

45 (b) The bus iness m us t dem onstr ate t hat i t w ill, i n i ts f irst y ear o f___________________________ ____________________________ _______________

46 operation, create net new jobs. After its first year of operation, the________________________ ____________________________ ____________________

47 business must maintain net new jobs. In addition, the average number of________________________ ____________________________ ____________________

48 employees of the business and its related persons in the state during________________________ ____________________________ ____________________

49 the year m ust e qual o r exceed t he s um o f: (i) the average number of________________________ ____________________________ ____________________50 employees of the business and its related persons in the state during________________________ ____________________________ ____________________

51 the year immediately preceding the year in which the business submits________________________ ____________________________ ____________________

52 its application to locate in a tax-free NY area; and (ii) net new jobs________________________ ____________________________ ____________________

53 o f the b us iness i n t he t ax-fr ee N Y a re a dur ing t he y ear. T he a verag e________________________ ____________________________ ____________________

54 number of employees of the business and its related persons in the state________________________ ____________________________ ____________________

55 shall be determined by adding together the total number of employees of________________________ ____________________________ ____________________

56 the business and its related persons in the state on March thirty-first,________________________ ____________________________ ____________________


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1 June thirtieth, September thirtieth and December thirty-first and divid-________________________ ____________________________ ____________________

2 ing the total by the number of such dates occurring within such year.________________________ ____________________________ _________________

3 (c) Except as provided in paragraphs (g) and (h) of this subdivision,___________________________ ____________________________ _______________

4 at the time it submits its application for the START-UP NY program, the________________________ ____________________________ ____________________

5 business must be a new business to the state.________________________ _____________________

6 (d) The bus iness ma y be orga nize d as a co rpora tion, a p artne rship ,___________________________ ____________________________ _______________

7 limited liability company or a sole proprietorship.________________________ ___________________________

8 (e) U pon c omp letio n of i ts f irst y ea r in t he S TART -UP N Y p rogra m an d___________________________ ____________________________ _______________

9 thereafter, the business must complete and timely file the annual report________________________ ____________________________ ____________________10 required under section four hundred thirty-eight of this article.________________________ ____________________________ _____________

11 (f) Except as provided in paragraphs (g) and (h) of this subdivision,___________________________ ____________________________ _______________

12 the business must not be engaged in a line of business that is currently________________________ ____________________________ ____________________

13 or was previously conducted by the business or a related person in the________________________ ____________________________ ____________________

14 last five years in New York state.________________________ __________

15 (g) If a business does not satisfy the eligibility standard set forth___________________________ ____________________________ _______________

16 i n par agra ph ( c) o r ( f) o f t his s ubdiv ision , be cause at one poi nt i n________________________ ____________________________ ____________________

17 time it operated in New York state but moved its operations out of New________________________ ____________________________ ____________________

18 York state on or before June first, two thousand thirteen, the commis-________________________ ____________________________ ____________________

19 sioner shall grant that business permission to apply to participate in________________________ ____________________________ ____________________

20 the START-UP NY program if the commissioner determines that the business________________________ ____________________________ ____________________

21 has demonstrated that it will substantially restore the jobs in New York________________________ ____________________________ ____________________

22 state that it previously had moved out of state.________________________ ________________________23 (h) I f a b usi ness s eek s to e xpan d it s cur rent o per ation s in New Yor k___________________________ ____________________________ _______________

24 state into a tax-free NY area but the business does not qualify as a new________________________ ____________________________ ____________________

25 business because it does not satisfy the criteria in paragraph (c) of________________________ ____________________________ ____________________

26 subdivision six of section four hundred thirty-one of this article or________________________ ____________________________ ____________________

27 t he b usin ess does not sat isfy the e lig ibil ity s tanda rd s et f orth i n________________________ ____________________________ ____________________

28 paragraph (f) of this subdivision, the commissioner shall grant the________________________ ____________________________ ____________________

29 business permission to apply to participate in the START-UP NY program________________________ ____________________________ ____________________

30 if the commissioner determines that the business has demonstrated that________________________ ____________________________ ____________________

31 i t wi ll creat e n et new jobs in t he t ax-fr ee N Y a re a a nd tha t i t o r a ny________________________ ____________________________ ____________________

32 related person has not eliminated any jobs in the state in connection________________________ ____________________________ ____________________

33 with this expansion.____________________

34 2. The following types of businesses are prohibited from participating___________________________ ____________________________ _______________

35 in the START-UP NY program.________________________ ___

36 (a) retail and wholesale businesses;___________________________ _________

37 (b) rest auran ts;________________

38 (c) real esta te br oker s;________________________

39 (d) law firms;______________

40 (e) medical or dental practices;___________________________ _____

41 (f) real estate management companies;___________________________ __________

42 (g) hosp itali ty;________________

43 (h) finance and financial services;___________________________ ________

44 (i) businesses providing personal services;___________________________ ________________

45 (j) businesses providing business administrative or support services,___________________________ ____________________________ _______________

46 unless such business has received permission from the commissioner to________________________ ____________________________ ____________________

47 apply to participate in the START-UP NY program upon demonstration that________________________ ____________________________ ____________________

48 the business would create no fewer than one hundred net new jobs in the________________________ ____________________________ ____________________

49 tax-free NY area;_________________50 (k) acco untin g fir ms;_____________________

51 (l) businesses providing utilities; and___________________________ ____________

52 (m) businesses engaged in the generation or distribution of electric-___________________________ ____________________________ _______________

53 ity, the distribution of natural gas, or the production of steam associ-________________________ ____________________________ ____________________

54 ated with the generation of electricity.________________________ ________________

55 2-a. Additional eligibility requirements in Nassau county, Suffolk___________________________ ____________________________ _______________

56 county, Westchester county and New York city. In order to be eligible to________________________ ____________________________ ____________________


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AB

A. 8096 8

1 participate in the START-UP NY program in Nassau county, Suffolk county,________________________ ____________________________ ____________________

2 Westchester county or New York city, a business must be:________________________ ____________________________ ____

3 (a) in the formative stage of development; or___________________________ __________________

4 (b) engaged in the design, development, and introduction of new___________________________ ____________________________ _______________

5 biotechnology, information technology, remanufacturing, advanced materi-________________________ ____________________________ ____________________

6 als, processing, engineering or electronic technology products and/or________________________ ____________________________ ____________________

7 innovative manufacturing processes, and meet such other requirements for________________________ ____________________________ ____________________

8 a high-tech business as the commissioner shall develop.________________________ ____________________________ ___

9 3. A b usine ss m ust be in com plia nce with all worker pro tecti on an d___________________________ ____________________________ _______________10 environmental laws and regulations. In addition, a business may not owe________________________ ____________________________ ____________________

11 past due federal or state taxes or local property taxes.________________________ ____________________________ ____

12 4. Any busi ness tha t ha s suc cess fully com plete d res iden cy in a Ne w___________________________ ____________________________ _______________

13 York state incubator pursuant to section sixteen-v of section one of________________________ ____________________________ ____________________

14 chapter one hundred seventy-four of the laws of nineteen hundred sixty-________________________ ____________________________ ____________________

15 eight constituting the urban development corporation act, subject to________________________ ____________________________ ____________________

16 approval of the commissioner, may apply to participate in the START-UP________________________ ____________________________ ____________________

17 NY program provided that such business locates in a tax-free NY area,________________________ ____________________________ ____________________

18 notwithstanding the fact that the business may not constitute a new________________________ ____________________________ ____________________

19 business._________

20 434. Tax benefits. 1. A business that is accepted into the START-UP___________________________ ____________________________ _______________

21 NY program and locates in a tax-free NY area or the owner of a business________________________ ____________________________ ____________________

22 that is accepted into the START-UP NY program and locates in a tax-free________________________ ____________________________ ____________________23 NY area is eligible for the tax benefits specified in section thirty-________________________ ____________________________ ____________________

24 nine of the tax law. Subject to the limitations of subdivision two of________________________ ____________________________ ____________________

25 this section, employees of such business satisfying the eligibility________________________ ____________________________ ____________________

26 requirements specified in section thirty-nine of the tax law shall be________________________ ____________________________ ____________________

27 eligible for the personal income tax benefits described in such section________________________ ____________________________ ____________________

28 in a manner to be determined by the department of taxation and finance.________________________ ____________________________ ___________________

29 2. The aggregate number of net new jobs approved for personal income___________________________ ____________________________ _______________

30 tax benefits under this article shall not exceed ten thousand jobs per________________________ ____________________________ ____________________

31 year during the period in which applications are accepted pursuant to________________________ ____________________________ ____________________

32 section four hundred thirty-six of this article. The commissioner shall________________________ ____________________________ ____________________

33 a lloca te to e ach busi ness acce pted t o l ocat e in a tax -fre e NY a rea a________________________ ____________________________ ____________________

34 maximum number of net new jobs that shall be eligible for the personal________________________ ____________________________ ____________________

35 income tax benefits described in subdivision (e) of section thirty-nine________________________ ____________________________ ____________________

36 o f the t ax l aw b ased o n the s chedu le o f job cr eatio n in clud ed i n th e________________________ ____________________________ ____________________

37 application of such business. At such time as the total number of net________________________ ____________________________ ____________________

38 new jobs under such approved applications reaches the applicable allow-________________________ ____________________________ ____________________

39 a ble tota l of agg rega te n et n ew job s for tax bene fits for the y ear i n________________________ ____________________________ ____________________

40 which the application is accepted, the commissioner shall stop granting________________________ ____________________________ ____________________

41 eligibility for personal income tax benefits for net new jobs until the________________________ ____________________________ ____________________

42 next year. Any business not granted such personal income tax benefits________________________ ____________________________ ____________________

43 for net new jobs for such reason shall be granted such benefits in the________________________ ____________________________ ____________________

44 next year prior to the consideration of new applicants. In addition, if________________________ ____________________________ ____________________

45 the total number of net new jobs approved for tax benefits in any given________________________ ____________________________ ____________________

46 year is less than the maximum allowed under this subdivision, the________________________ ____________________________ ____________________

47 difference shall be carried over to the next year. A business may amend________________________ ____________________________ ____________________

48 i ts sc hedu le of job crea tion in th e sa me m anne r th at i t a pplie d fo r________________________ ____________________________ ____________________

49 participation in the START-UP NY program, and any increase in eligibil-________________________ ____________________________ ____________________50 ity for personal income tax benefits on behalf of additional net new________________________ ____________________________ ____________________

51 jobs shall be subject to the limitations of this subdivision. If the________________________ ____________________________ ____________________

52 business accepted to locate in a tax-free NY area creates more net new________________________ ____________________________ ____________________

53 jobs than for which it is allocated personal income tax benefits, the________________________ ____________________________ ____________________

54 personal income tax benefits it is allocated shall be provided to those________________________ ____________________________ ____________________

55 individuals employed in those net new jobs based on the employees' dates________________________ ____________________________ ____________________

56 o f hir ing.__________


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AB

A. 8096 9

1 435. Approval of tax-free NY areas. 1. The president or chief execu-___________________________ ____________________________ _______________

2 tive officer of any state university campus, community college or city________________________ ____________________________ ____________________

3 university campus seeking to sponsor a tax-free NY area and have some of________________________ ____________________________ ____________________

4 i ts el igib le la nd s peci fied unde r s ubdiv isio n on e of se ction fou r________________________ ____________________________ ____________________

5 hundred thirty-two of this article be designated as a tax-free NY area________________________ ____________________________ ____________________

6 must submit a plan to the commissioner that specifies the land or space________________________ ____________________________ ____________________

7 the campus or college wants to include, describes the type of business________________________ ____________________________ ____________________

8 or businesses that may locate on that land or in that space, explains________________________ ____________________________ ____________________

9 how those types of businesses align with or further the academic mission________________________ ____________________________ ____________________10 of the campus or college and how participation by those types of busi-________________________ ____________________________ ____________________

11 nesses in the START-UP NY program would have positive community and________________________ ____________________________ ____________________

12 economic benefits, and describes the process the campus or college will________________________ ____________________________ ____________________

13 follow to select participating businesses. At least thirty days prior to________________________ ____________________________ ____________________

14 submitting such plan, the campus or college must provide the munici-________________________ ____________________________ ____________________

15 p ality or mun icipa liti es i n wh ich the pro posed tax- free NY area is________________________ ____________________________ ____________________

16 located, local economic development entities, the applicable campus or________________________ ____________________________ ____________________

17 college faculty senate, union representatives and the campus student________________________ ____________________________ ____________________

18 government w ith a c opy o f the p lan. In a ddition, if the plan of the________________________ ____________________________ ____________________

19 campus or college includes land or space located outside of the campus________________________ ____________________________ ____________________

20 boundaries, the campus or college must consult with the municipality or________________________ ____________________________ ____________________

21 municipalities in which such land or space is located prior to including________________________ ____________________________ ____________________

22 such space or land in its proposed tax-free NY area and shall give pref-________________________ ____________________________ ____________________23 erence to underutilized properties. Before approving or rejecting the________________________ ____________________________ ____________________

24 plan submitted by a state university campus, community college or city________________________ ____________________________ ____________________

25 university campus, the commissioner shall consult with the chancellor of________________________ ____________________________ ____________________

26 the applicable university system or his or her designee.________________________ ____________________________ ____

27 2. The president or chief executive officer of any private college or___________________________ ____________________________ _______________

28 university or of any state university campus, community college or city________________________ ____________________________ ____________________

29 university campus seeking to sponsor a tax-free NY area and have some of________________________ ____________________________ ____________________

30 i ts e ligi ble land spe cifie d un der subd ivis ion two of s ectio n fou r________________________ ____________________________ ____________________

31 hundred thirty-two of this article be designated as a tax-free NY area________________________ ____________________________ ____________________

32 must submit a plan to the commissioner that specifies the land or space________________________ ____________________________ ____________________

33 the college or university wants to include, describes the type of busi-________________________ ____________________________ ____________________

34 ness or businesses that may locate on that land or in that space,________________________ ____________________________ ____________________

35 explains how those types of businesses align with or further the academ-________________________ ____________________________ ____________________

36 ic mission of the college or university and how participation by those________________________ ____________________________ ____________________

37 t ypes of busi nesse s i n th e ST ART- UP N Y pr ogram woul d ha ve po sitiv e________________________ ____________________________ ____________________

38 community and economic benefits, and describes the process the campus or________________________ ____________________________ ____________________

39 college will follow to select participating businesses. In addition, if________________________ ____________________________ ____________________

40 the plan of the campus or college includes land or space located outside________________________ ____________________________ ____________________

41 of the campus boundaries, the campus or college must consult with the________________________ ____________________________ ____________________

42 municipality or municipalities in which such land or space is located________________________ ____________________________ ____________________

43 prior to including such space or land in its proposed tax-free NY area________________________ ____________________________ ____________________

44 and shall notify local economic development entities. The commissioner________________________ ____________________________ ____________________

45 shall forward the plan submitted under this subdivision to the START-UP________________________ ____________________________ ____________________

46 NY approval board. In evaluating such plans, the board shall examine the________________________ ____________________________ ____________________

47 merits of each proposal, including but not limited to, compliance with________________________ ____________________________ ____________________

48 t he pr ovis ions of th is artic le, reas onabl enes s of the ec onomi c an d________________________ ____________________________ ____________________

49 fiscal assumptions contained in the application and in any supporting________________________ ____________________________ ____________________50 documentation and potential of the proposed project to create new jobs,________________________ ____________________________ ____________________

51 and, except for proposals for designation of eligible land under para-________________________ ____________________________ ____________________

52 graph (c) of subdivision two of section four hundred thirty-two of this________________________ ____________________________ ____________________

53 article, shall prioritize for acceptance and inclusion into the START-UP________________________ ____________________________ ____________________

54 NY program plans for tax-free NY areas in counties that contain a city________________________ ____________________________ ____________________

55 with a population of one hundred thousand or more without a university________________________ ____________________________ ____________________

56 center as defined in subdivision seven of section three hundred fifty of________________________ ____________________________ ____________________


10/27

AB

A. 8096 10

1 the education law on the effective date of this article. No preference________________________ ____________________________ ____________________

2 s hall b e given b ased o n the t ime o f su bmiss ion of the plan , pr ovide d________________________ ____________________________ ____________________

3 t hat any subm issio n d eadli nes esta blish ed by th e boa rd are me t. I n________________________ ____________________________ ____________________

4 addition, the board shall give preference to private colleges or univer-________________________ ____________________________ ____________________

5 sities that include underutilized properties within their proposed tax-________________________ ____________________________ ____________________

6 free NY areas. The board by a majority vote shall approve or reject each________________________ ____________________________ ____________________

7 plan forwarded to it by the commissioner.________________________ _________________

8 3. A campus, university or college may amend its approved plan,___________________________ ____________________________ _______________

9 p rovid ed that the cam pus, univ ersi ty o r co llege m ay n ot v iola te th e________________________ ____________________________ ____________________10 terms of any lease with a business located in the approved tax-free NY________________________ ____________________________ ____________________

11 area. In addition, if a business located in a tax-free NY area does not________________________ ____________________________ ____________________

12 have a lease with a campus, university or college, and such business is________________________ ____________________________ ____________________

13 terminated from the START-UP NY program pursuant to paragraph (b) of________________________ ____________________________ ____________________

14 subdivision four of section four hundred thirty-six of this article, and________________________ ____________________________ ____________________

15 subsequently does not relocate outside of the tax-free NY area, a________________________ ____________________________ ____________________

16 campus, university or college may amend its approved plan to allocate an________________________ ____________________________ ____________________

17 amount of vacant land or space equal to the amount of space occupied by________________________ ____________________________ ____________________

18 the business that is terminated. The amendment must be approved pursu-________________________ ____________________________ ____________________

19 ant to the procedures and requirements set forth in subdivision one or________________________ ____________________________ ____________________

20 two of this section, whichever is applicable.________________________ _____________________

21 4. The START-UP NY approval board, by majority vote, shall designate___________________________ ____________________________ _______________

22 up to twenty strategic state assets as tax-free NY areas. Each shall be________________________ ____________________________ ____________________23 affiliated with a state university campus, city university campus,________________________ ____________________________ ____________________

24 community college, or private college or university and such designation________________________ ____________________________ ____________________

25 shall require the support of the affiliated campus, college or universi-________________________ ____________________________ ____________________

26 ty. Each strategic state asset may not exceed a maximum of two hundred________________________ ____________________________ ____________________

27 thousand square feet of vacant land or vacant building space designated________________________ ____________________________ ____________________

28 as a tax-free NY area. Designation of strategic state assets as tax-________________________ ____________________________ ____________________

29 free NY areas shall not count against any square footage limitations in________________________ ____________________________ ____________________

30 section four hundred thirty-two of this article.________________________ ________________________

31 5. The commissioner shall promulgate regulations to effectuate the___________________________ ____________________________ _______________

32 purposes of this section, including, but not limited to, establishing________________________ ____________________________ ____________________

33 the process for the plan submissions and approvals of tax-free NY areas________________________ ____________________________ ____________________

34 and the eligibility criteria that will be applied in evaluating those________________________ ____________________________ ____________________

35 p lans.______

36 436. Businesses locating in tax-free NY areas. 1. A campus, univer-___________________________ ____________________________ _______________

37 sity or college that has sponsored a tax-free NY area (including any________________________ ____________________________ ____________________

38 strategic state asset affiliated with the campus, university or college)________________________ ____________________________ ____________________

39 shall solicit and accept applications from businesses to locate in such________________________ ____________________________ ____________________

40 area that are consistent with the plan of such campus, university or________________________ ____________________________ ____________________

41 c olleg e or s tra tegic s ta te a sset t hat has bee n ap prove d p ursua nt t o________________________ ____________________________ ____________________

42 section four hundred thirty-five of this article. Any business that________________________ ____________________________ ____________________

43 wants to locate in a tax-free NY area must submit an application to the________________________ ____________________________ ____________________

44 campus, university or college which is sponsoring the tax-free NY area________________________ ____________________________ ____________________

45 by December thirty-first, two thousand twenty. Prior to such date, the________________________ ____________________________ ____________________

46 commissioner shall prepare an evaluation on the effectiveness of the________________________ ____________________________ ____________________

47 START-UP NY program and deliver it to the governor and the legislature________________________ ____________________________ ____________________

48 to determine continued eligibility for application submissions.________________________ ____________________________ ___________

49 2. (a) The sponsoring campus, university or college shall provide the___________________________ ____________________________ _______________50 application and all supporting documentation of any business it decides________________________ ____________________________ ____________________

51 to accept into its tax-free NY area to the commissioner for review. Such________________________ ____________________________ ____________________

52 application shall be in a form prescribed by the commissioner and shall________________________ ____________________________ ____________________

53 contain all information the commissioner determines is necessary to________________________ ____________________________ ____________________

54 properly evaluate the business's application, including, but not limited________________________ ____________________________ ____________________

55 to, the name, address, and employer identification number of the busi-________________________ ____________________________ ____________________

56 n ess; a de scrip tion of the la nd or spa ce t he busin ess will use , th e________________________ ____________________________ ____________________


11/27

AB

A. 8096 11

1 terms of the lease agreement, if applicable, between the sponsoring________________________ ____________________________ ____________________

2 campus, university or college and the business, and whether or not the________________________ ____________________________ ____________________

3 land or space being used by the business is being transferred or sublet________________________ ____________________________ ____________________

4 to the business from some other business. The application must include a________________________ ____________________________ ____________________

5 certification by the business that it meets the eligibility criteria________________________ ____________________________ ____________________

6 specified in section four hundred thirty-three of this article and will________________________ ____________________________ ____________________

7 align with or further the academic mission of the sponsoring campus,________________________ ____________________________ ____________________

8 college or university, and that the business's participation in the________________________ ____________________________ ____________________

9 START-UP NY program will have positive community and economic benefits.________________________ ____________________________ ____________________10 The application must also describe whether or not the business competes________________________ ____________________________ ____________________

11 with other businesses in the same community but outside the tax-free NY________________________ ____________________________ ____________________

12 area. In addition, the application must include a description of how the________________________ ____________________________ ____________________

13 business plans to recruit employees from the local workforce.________________________ ____________________________ _________

14 (b) The commissioner shall review such application and documentation___________________________ ____________________________ _______________

15 within sixty days and may reject such application upon a determination________________________ ____________________________ ____________________

16 that the business does not meet the eligibility criteria in section four________________________ ____________________________ ____________________

17 hundred thirty-three of this article, has submitted an incomplete appli-________________________ ____________________________ ____________________

18 cation, has failed to comply with subdivision three of this section, or________________________ ____________________________ ____________________

19 h as f aile d to dem onst rate that th e bu sine ss's parti cipa tion in th e________________________ ____________________________ ____________________

20 START-UP NY program will have positive community and economic benefits,________________________ ____________________________ ____________________

21 which shall be evaluated based on factors including but not limited to________________________ ____________________________ ____________________

22 whether or not the business competes with other businesses in the same________________________ ____________________________ ____________________23 community but outside the tax-free NY area as prohibited by section four________________________ ____________________________ ____________________

24 hundred forty of this article. If the commissioner rejects such appli-________________________ ____________________________ ____________________

25 cation, it shall provide notice of such rejection to the sponsoring________________________ ____________________________ ____________________

26 campus, university or college and business. If the commissioner does not________________________ ____________________________ ____________________

27 reject such application within sixty days, such business is accepted to________________________ ____________________________ ____________________

28 locate in such tax-free NY area, and the application of such business________________________ ____________________________ ____________________

29 shall constitute a contract between such business and the sponsoring________________________ ____________________________ ____________________

30 campus, university or college. The sponsoring campus, university or________________________ ____________________________ ____________________

31 college must provide accepted businesses with documentation of their________________________ ____________________________ ____________________

32 acceptances in such form as prescribed by the commissioner of taxation________________________ ____________________________ ____________________

33 and finance which will be used to demonstrate such business's eligibil-________________________ ____________________________ ____________________

34 ity for the tax benefits specified in section thirty-nine of the tax________________________ ____________________________ ____________________

35 law.____

36 (c) If a state university campus proposes to enter into a lease with a___________________________ ____________________________ _______________

37 b usine ss for eligi ble land in a ta x-fre e NY a rea w ith a t erm g reate r________________________ ____________________________ ____________________

38 than forty years, including any options to renew, or for eligible land________________________ ____________________________ ____________________

39 in a tax-free NY area of o ne m illion o r more square f eet, the s tate________________________ ____________________________ ____________________

40 university campus, at the same time as the application is provided to________________________ ____________________________ ____________________

41 the commissioner, also must submit the lease for review to the START-UP________________________ ____________________________ ____________________

42 NY approval board. If the board does not disapprove of the lease terms________________________ ____________________________ ____________________

43 within thirty days, the lease is deemed approved. If the board disap-________________________ ____________________________ ____________________

44 proves the lease terms, the state university campus must submit modified________________________ ____________________________ ____________________

45 lease terms to the commissioner for review. The commissioner's sixty day________________________ ____________________________ ____________________

46 review period is suspended while the board is reviewing the lease and________________________ ____________________________ ____________________

47 during the time it takes for the state university campus to modify the________________________ ____________________________ ____________________

48 lease terms.____________

49 (d) Except as otherwise provided in this article, proprietary informa-___________________________ ____________________________ _______________50 tion or supporting documentation submitted by a business to a sponsoring________________________ ____________________________ ____________________

51 campus, university or college shall only be utilized for the purpose of________________________ ____________________________ ____________________

52 evaluating such business's application or compliance with the provisions________________________ ____________________________ ____________________

53 of this article and shall not be otherwise disclosed. Any person who________________________ ____________________________ ____________________

54 willfully discloses such information to a third party for any other________________________ ____________________________ ____________________

55 purpose whatsoever shall be guilty of a misdemeanor.________________________ ____________________________


12/27

AB

A. 8096 12

1 3. The busi ness sub mitti ng th e ap plica tion , as p art o f the ap plica -___________________________ ____________________________ _______________

2 t ion, m ust :___________

3 (a) agree to allow the department of taxation and finance to share its___________________________ ____________________________ _______________

4 tax information with the department and the sponsoring campus, universi-________________________ ____________________________ ____________________

5 t y or c oll ege;______________

6 (b) agree to allow the department of labor to share its tax and___________________________ ____________________________ _______________

7 employer information with the department and the sponsoring campus,________________________ ____________________________ ____________________

8 university or college;______________________

9 (c) all ow t he d epar tment and its agen ts and th e spo nsor ing campus ,___________________________ ____________________________ _______________10 university or college access to any and all books and records the________________________ ____________________________ ____________________

11 department or sponsoring campus, university or college may require to________________________ ____________________________ ____________________

12 monitor compliance;___________________

13 (d) include performance benchmarks, including the number of net new___________________________ ____________________________ _______________

14 jobs that must be created, the schedule for creating those jobs, and________________________ ____________________________ ____________________

15 details on job titles and expected salaries. The application must spec-________________________ ____________________________ ____________________

16 ify the consequences for failure to meet such benchmarks, as determined________________________ ____________________________ ____________________

17 by the business and the sponsoring campus, university or college: (i)________________________ ____________________________ ____________________

18 suspension of such business's participation in the START-UP NY program________________________ ____________________________ ____________________

19 for one or more tax years as specified in such application; (ii) termi-________________________ ____________________________ ____________________

20 nation of such business's participation in the START-UP NY program;________________________ ____________________________ ____________________

21 and/or (iii) proportional recovery of tax benefits awarded under the________________________ ____________________________ ____________________

22 START-UP NY program as specified in section thirty-nine of the tax law;________________________ ____________________________ ___________________23 (e) provide the following information to the department and sponsoring___________________________ ____________________________ _______________

24 campus, university or college upon request:________________________ ___________________

25 (i) the prior three years of federal and state income or franchise tax___________________________ ____________________________ _______________

26 returns, unemployment insurance quarterly returns, real property tax________________________ ____________________________ ____________________

27 bills and audited financial statements;________________________ _______________

28 (ii) the employer identification or social security numbers for all___________________________ ____________________________ _______________

29 related persons to the business, including those of any members of a________________________ ____________________________ ____________________

30 limited liability company or partners in a partnership;________________________ ____________________________ ___

31 (f) provide a clear and detailed presentation of all related persons___________________________ ____________________________ _______________

32 to the business to assure the department that jobs are not being shifted________________________ ____________________________ ____________________

33 within the state; and_____________________

34 (g) certify, under penalty of perjury, that it is in substantial___________________________ ____________________________ _______________

35 compliance with all environmental, worker protection, and local, state,________________________ ____________________________ ____________________

36 and federal tax laws, and that it satisfies all the eligibility require-________________________ ____________________________ ____________________

37 ments to participate in the START-UP NY program.________________________ __________________

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