Enacts the accountability for development assistance act
Summary
Enacts the accountability for development assistance act; standardizes applications for state development assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025
Last action Feb 23, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S655
→
S655A
·
5 edits
MODERATE
This bill was renamed from the 'corporate accountability for tax expenditures act' to the 'accountability for development assistance act' and shifted from amending the business corporation law to amending the executive law. The scope was broadened to apply to all entities receiving economic development assistance rather than just corporations, and the definition of 'recipient' was simplified. Several definitions were updated or reorganized, including changes to how 'new employee' and 'recipient' are defined, and new definitions were added for 'temporary job' and 'value of assistance'.
Scope change
The bill's scope expanded from applying only to corporations under the business corporation law to applying to all entities receiving economic development assistance under the executive law.
SCOPE
Changed the law being amended from the business corporation law to the executive law, expanding applicability beyond just corporations.
DEFINITION
Updated the definition of 'recipient' from a list of specific business types to any entity receiving economic development assistance.
Added new definitions for 'temporary job' and 'value of assistance' to clarify job types and financial terms.
Modified the definition of 'new employee' to allow rehired employees from layoffs during or after base years, removing previous restrictions.
REQUIREMENT
Added requirements for standardized applications including tracking numbers, contact information, and detailed job counts.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Feb 23, 2026
Upper · Passed
PRINT NUMBER 655A
upper
Feb 23, 2026
Upper · Passed
AMEND (T) AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
Jan 7, 2026
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
Jan 8, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
1 primary · 3 co-sponsors
Sponsors
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