A 650 New York Assembly · 2025 Regular Session

Relates to preventing the use of funds, financial incentives, subsidies or tax exemptions for projects in development

This bill prevents municipal agencies from providing funds, financial incentives, subsidies, or tax exemptions to projects that have already begun active construction (defined as site clearing, excavation, or foundation work). It directly affects developers seeking financial support for projects already underway. The key provision blocks such support unless significant environmental contamination requiring cost increases is discovered during development. The law applies immediately to all relevant municipal funding decisions.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
Jan 8, 2025
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
1 primary · 1 co-sponsor

Sponsors