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A11459 Summary:
| BILL NO | A11459 |
| SAME AS | SAME AS UNI. S07444 |
| SPONSOR | Rules (Silver) |
| COSPNSR | Farrell, Stringer, Sanders, Nolan, Lafayette, Clark, Espaillat, Abbate, Arroyo, Aubry, Benjamin,Bing, Boyland, Carrozza, Cohen A, Cohen M, Colton, Cook, Cusick, Cymbrowitz, Diaz L, Diaz R,Dinowitz, Gianaris, Glick, Gordon, Gottfried, Grannis, Greene, Grodenchik, Heastie, Hikind,Jacobs, Klein, Lavelle, Lentol, Lopez, Markey, McLaughlin, Millman, Norman, O'Donnell, Ortiz,Peralta, Perry, Pheffer, Rivera J, Rivera P, Robinson, Scarborough, Seddio, Seminerio, Titus,Towns, Weinstein, Wright |
| MLTSPNSR | |
| Amd SS25-y & 25-z, add Art 2-J SS25-dd & 25-ee, Gen City L; amd SS1 & 2, Chap 772 of 1966; amdSS11-503, 11-604, 11-643.7, 11-1105.2, 11-1105.3, 22-621 & 22-622, add S11-643.9, Title 22 Chap6-C SS22-623 & 22-624, NYC Ad Cd | |
| Clarifies that a limited liability company (LLC) is included in the definition of "person" as it relates to REAP; includes sales by means of the Internet as an exception to the rule that retail businesses are generally not eligible for REAP benefits; establishes an additional basis for qualifying a premises as eligible for REAP; increases the maximum number of employees for which a smaller business can claim a credit; establishes portability, a process by which a firm receiving REAP benefits may continue to receive REAP benefits after moving to a second premises that have been improved and certified as designated additional or replacement premises; provides for discretion for the Mayor to reduce or eliminate the REAP benefits for eligible businesses that move more than one hundred jobs out of lower Manhattan; provides benefits similar to the REAP program to businesses that relocate at least one employee from outside New York city to the eligible lower Manhattan area. | |