S 10259 NY
Prohibits mobile sports wagering operators from being eligible to receive the excelsior jobs program credit
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Summary
NY S 10259 would amend the Economic Development Law to prohibit mobile sports wagering operators from being eligible to receive the Excelsior Jobs Program tax credit. The prohibition applies to mobile sports wagering operators, including their parent companies or subsidiaries. The bill maintains existing ineligibility for other categories of businesses including not-for-profit entities, service providers, and utility companies. The measure takes effect immediately.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.
Sponsor (1)
- Siela Bynoe Democratic · primary
Action history (1)
- May 8, 2026 REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S10259 Summary: BILL NO S10259   SAME AS SAME AS A10513
  SPONSOR BYNOE   COSPNSR   MLTSPNSR   Amd §353, Ec Dev L   Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.
Go to top S10259 Text:
STATE OF NEW YORK ________________________________________________________________________
10259
IN SENATE
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
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