S8063: Relates to relocation and employment assistance credits

Not chosen yet

Sign in to choose

Where it stands

Signed into law.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A8676, the matching bill in the Assembly.

Passed as A8676, the matching Assembly bill.

Amends the General City Law.

Committee

Cities · New York State Assembly

Also referred to Cities 1 · New York State Senate, Rules · New York State Assembly, Rules · New York State Senate.

Purpose, from the sponsor's memo

This bill would amend the General City Law, enabling New York City to raise tax revenue. It would also amend the Administrative Code of the City of New York to authorize credits for relocation and employment assistance and make available relocation assistance credits per employ- ee.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Rules
Senate RulesJun 11, 2025Result: passed
(18) (2) (0) (1)
Vote: Floor vote
NY SenateJun 11, 2025Result: passedSenate vote on A8676, the matching Assembly bill.
(40) (19) (0) (4)

The sponsor's argument

Why Andrew Gounardes says this is needed

This bill extends the existing Relocation and Employment Assistance Program (REAP) for five years and introduces a new, citywide time-limit- ed benefit to spur relocation of new businesses to New York City from outside of New York State. These changes are designed to attract new businesses to the City and encourage a return to the prepandemic office occupancy rates. The new citywide Relocation Assistance Credit Per Employee Program (RACE), is a citywide pilot program that will help support the efforts of business to attract new companies in New York City and encourage the leasing of underperforming office space. Eligibility for the RACE program will be restricted to companies moving to New York City and signing a lease of 20,000 square feet or more in a building constructed before 2000. This requirement is designed to incentivize the use of facilities that are currently underperforming, are not likely to be suitable for residential conversion, and where a meaningful anchor lease could improve occupancy in the entire building. The RACE program is designed to deliver a focused benefit for new companies taking space in New York City. This benefit will be an additional, much-needed tool for the city's economic development and business attraction agenda. By design, firms that qualify and receive this benefit will be new to New York City, hire employees, utilize underperforming office space, and meaningfully contribute to the City's economic development.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Jun 26, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Assembly
Jun 26, 2025
Signed
SIGNED CHAP.171
NY Assembly
Jun 11, 2025
In committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
NY Senate
Jun 11, 2025
Ordered to Third Reading CAL.1852
ORDERED TO THIRD READING CAL.1852
NY Senate
Jun 11, 2025
Passed a chamber
PASSED SENATE
NY Senate

Show full history (11 earlier events)

Jun 11, 2025
Substituted
SUBSTITUTED BY A8676
NY Senate
Jun 10, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
Jun 10, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 10, 2025
Referred to committee
REFERRED TO RULES
NY Senate
Jun 10, 2025
Reported out of committee
REPORTED
NY Assembly
Jun 10, 2025
Rules Report CAL.590
RULES REPORT CAL.590
NY Assembly
Jun 9, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
Jun 8, 2025
Reference Changed to Ways and Means
REFERENCE CHANGED TO WAYS AND MEANS
NY Assembly
May 28, 2025
Referred to committee
REFERRED TO CITIES
NY Assembly
May 22, 2025
Amend (t) and Recommit to Cities 1
AMEND (T) AND RECOMMIT TO CITIES 1
NY Senate
May 15, 2025
Referred to committee
REFERRED TO CITIES 1
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 22, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

Your position on this bill