New York S03284 prohibits industrial development agencies from incentivizing movements within the state if it results in the abandonment or removal.
New York S03284 amends the general municipal law to prohibit industrial development agencies from providing incentives for projects that result in the abandonment or removal of any plant, facility, or personnel of the project occupant within the state. This measure aims to prevent the relocation of businesses and their employees outside the state due to the incentives. The act takes effect immediately upon enactment.
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