Extends the tax credits under the economic transformation and facility redevelopment program until 2031.

The bill amends the economic development law to extend the tax credits under the economic transformation and facility redevelopment program until 2031. This program provides tax benefits to encourage economic development and facility redevelopment in New York State. The changes will take effect immediately and remain in place until the end of 2031.

Extends the tax credits under the economic transformation and facility redevelopment program until 2031.

The bill amends the economic development law to extend the tax credits under the economic transformation and facility redevelopment program until 2031. This program provides tax benefits to encourage economic development and facility redevelopment in New York State. The changes will take effect immediately and remain in place until the end of 2031.