S10259 • 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: Siela Bynoe
Last action: 2026-05-08
Official status: In Senate 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

2026-05-08 Senate
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

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
        ________________________________________________________________________

                                          10259

                                    I N  S E N A T E

                                       May 8, 2026
                                       ___________

        Introduced  by  Sen.  BYNOE  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Commerce, Economic  Devel-
          opment and Small Business

        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