New York S04658 prohibits funds, financial incentives, or subsidies for projects primarily using facilities for e-commerce storage and transfers.

New York S04658 amends the general municipal law and the public authorities law to prohibit the use of funds, financial incentives, or subsidies for projects where facilities or property are used primarily for e-commerce storage and transfers. Exceptions are made for projects where retail sales to in-person customers constitute more than one-third of the project cost, provided the project aims to make goods or services accessible to residents in underserved areas or is located in a highly distressed area. The act takes effect immediately.

New York S04658 prohibits funds, financial incentives, or subsidies for projects primarily using facilities for e-commerce storage and transfers.

New York S04658 amends the general municipal law and the public authorities law to prohibit the use of funds, financial incentives, or subsidies for projects where facilities or property are used primarily for e-commerce storage and transfers. Exceptions are made for projects where retail sales to in-person customers constitute more than one-third of the project cost, provided the project aims to make goods or services accessible to residents in underserved areas or is located in a highly distressed area. The act takes effect immediately.