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A 248

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Authorizes recoupment of financial incentives awarded businesses upon failure to fulfill the terms of such incentive.

Bill ID NY-2025-2026-A-248
Session 2025-2026
Status in_committee
Committee Governmental Operations
Assembly in_committee 2026-01-07
Business / Commerce Tax / Budget / Appropriations
Summary

Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.

Sponsor
William Magnarelli
Official Source Back to Bills
Actions Timeline
Date Event Detail
2024-12-31 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Assembly Committee
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