Requires the use of local labor to qualify for certain real property tax exemptions relating to business investment and the installation of certain energy systems; defines local labor; provides for exceptions from the local labor requirement in certain circumstances where local labor is not qualified to perform the work or available.
Summary
Bill A01951 amends the real property tax law to require businesses seeking certain tax exemptions to employ at least eighty percent local labor. Local labor is defined as individuals residing within the economic development region where the business operates. The bill aims to promote local employment by ensuring that tax incentives are tied to the hiring of local workers for construction and improvement projects that exceed a specified cost threshold. It also outlines specific circumstances under which exemptions from this requirement may be granted, such as when specialized skills are needed that local labor cannot provide.
Impact
If enacted, this bill would significantly impact the criteria for obtaining real property tax exemptions in New York. It would reinforce the preference for local labor in construction projects, potentially increasing job opportunities for residents within the designated economic development regions. Additionally, it may lead to increased scrutiny of tax exemption applications to ensure compliance with the local labor requirement, thereby affecting businesses' operational and financial planning.
Sentiment
The sentiment surrounding Bill A01951 appears to be supportive among proponents who advocate for local job creation and economic development. However, there may be concerns from some business groups regarding the feasibility of meeting the local labor requirement, particularly in areas where specialized skills are scarce. The lack of recorded votes or detailed committee discussions suggests that the bill's reception may still be under evaluation.
Contention
Notable points of contention include the potential difficulty for businesses in meeting the eighty percent local labor requirement, especially in regions where specialized skills are necessary but not available locally. Some stakeholders may argue that this could hinder business operations or deter investment in certain areas. Conversely, supporters argue that the bill is essential for fostering local economic growth and job creation.
Establishes local labor requirements as part of the approval to receive a real property tax business investment exception; requires eighty-five percent of workers hired by a contractor or developer for a project to be from the same county or an adjoining county or, in certain circumstances, the state of New York.
Establishes local labor requirements as part of the approval to receive a real property tax business investment exception; requires eighty-five percent of workers hired by a contractor or developer for a project to be from the same county or an adjoining county or, in certain circumstances, the state of New York.
Requires hospital laboratories and bio-analytical or clinical laboratories to offer test for hepatitis C to certain individuals; authorizes certain laboratories to perform rapid tests for hepatitis C.
Providing a sales tax exemption for the construction or remodeling of a qualified data center in Kansas and the purchase of data center equipment, eligible data center costs and certain labor costs to qualified firms that commit to a minimum investment of at least $250,000,000 and meet new Kansas jobs and other requirements.