A10513 • 2025

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Phil Steck
Last action: 2026-04-21
Official status: In Assembly Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

What This Bill Does

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-04-21 Assembly
REPORTED REFERRED TO WAYS AND MEANS
2026-03-06 Assembly
REFERRED TO ECONOMIC DEVELOPMENT

Official Summary Text

Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit
Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10513

                                  I N  A S S E M B L Y

                                      March 6, 2026
                                       ___________

        Introduced  by M. of A. STECK, K. BROWN -- read once and referred to the
          Committee on Economic Development

        AN ACT to amend the economic development law, in relation to prohibiting
          mobile sports wagering operators from being eligible  to  receive  the
          excelsior jobs program credit

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Subdivision 5 of section 353 of  the  economic  development
     2  law,  as  amended  by  section  2 of part K of chapter 59 of the laws of
     3  2015, is amended to read as follows:
     4    5. [A] THE FOLLOWING ENTITIES, INCLUDING ANY PARENT COMPANY OR SUBSID-
     5  IARY THEREOF, SHALL NOT BE ELIGIBLE TO RECEIVE THE TAX CREDIT UNDER THIS
     6  ARTICLE OR ANY COMPONENT THEREOF:  (A) A not-for-profit  business  enti-
     7  ty[,];  (B) a business entity whose primary function is the provision of
     8  services  including  personal  services,  business  services,   or   the
     9  provision  of  utilities[,  and]; (C) a business entity engaged predomi-
    10  nantly in the retail or entertainment industry, other  than  a  business
    11  operating  as  an  entertainment  company as defined in this article and
    12  other than a business entity engaged in music production[, and];  (D)  a
    13  company  engaged  in  the generation or distribution of electricity, the
    14  distribution of natural gas, or the production of steam associated  with
    15  the generation of electricity [are not eligible to receive the tax cred-
    16  it  described  in this article]; AND (E) A MOBILE SPORTS WAGERING OPERA-
    17  TOR, AS DEFINED BY SECTION THIRTEEN HUNDRED SIXTY-SEVEN OF  THE  RACING,
    18  PARI-MUTUEL WAGERING AND BREEDING LAW.
    19    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15055-01-6