New York A01098 amends tax exemption policies to include onsite child care services or new child care services by a project.

New York A01098 amends the general municipal law and the public authorities law to include providing onsite child care services or facilitating new child care services by a project into a uniform tax exemption policy. The authority must establish a uniform tax exemption policy with input from affected local taxing jurisdictions. This policy applies to financial assistance and provides guidelines for real property, mortgage recording, and sales tax exemptions. The authority must consider factors such as job creation, tax exemption value, and environmental impact when adopting the policy.

New York A01098 amends tax exemption policies to include onsite child care services or new child care services by a project.

New York A01098 amends the general municipal law and the public authorities law to include providing onsite child care services or facilitating new child care services by a project into a uniform tax exemption policy. The authority must establish a uniform tax exemption policy with input from affected local taxing jurisdictions. This policy applies to financial assistance and provides guidelines for real property, mortgage recording, and sales tax exemptions. The authority must consider factors such as job creation, tax exemption value, and environmental impact when adopting the policy.