New York bill A02503 amends the economic development law to require public disclosure of businesses in tax-free zones and annual reporting on program.

New York bill A02503 amends the economic development law to mandate that the commissioner and the department publicly disclose the names and addresses of businesses located within a tax-free NY area. The bill also requires businesses in these zones to submit annual reports to the commissioner, including information on job creation and economic benefits. The commissioner must then prepare an annual report to the governor and the legislature, detailing the number of applicants, approved businesses, and other relevant metrics.

New York bill A02503 amends the economic development law to require public disclosure of businesses in tax-free zones and annual reporting on program.

New York bill A02503 amends the economic development law to mandate that the commissioner and the department publicly disclose the names and addresses of businesses located within a tax-free NY area. The bill also requires businesses in these zones to submit annual reports to the commissioner, including information on job creation and economic benefits. The commissioner must then prepare an annual report to the governor and the legislature, detailing the number of applicants, approved businesses, and other relevant metrics.