S 9249

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: February 18, 2026.

Establishes the New York rural growth fund tax credit and the New York rural growth fund.

Bill ID NY-2025-2026-S-9249
Session 2025-2026
Status in_committee
Committee Investigations And Government Operations
Senate in_committee 2026-02-18
Business / Commerce Tax / Budget / Appropriations
Summary

Establishes the New York rural growth fund tax credit and the New York rural growth fund; provides that individuals who develop a business plan to invest in rural business in New York and have successfully solicited private investors to make capital contributions in support of such business plan may apply to the department of economic development for certification as a rural business growth fund; provides that if approved, tax credits shall be issued in an aggregate amount equal to seventy percent of the eligible investment authority; defines terms; provides for penalties; requires reporting.

Sponsor
Christopher Ryan
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-18 Introduced Bill introduced
2026-02-18 Status in_committee
2026-02-18 Latest Action In Senate Committee
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