New York · 2025 Regular Session · Bill
S 9249: Establishes the New York rural growth fund tax credit and the New York rural growth fund
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 9249 is a bill introduced in the New York Senate on February 18, 2026. According to its official title, it concerns: Establishes the New York rural growth fund tax credit and the New York rural growth fund. Primary sponsor: Chris Ryan (Democratic). Most recent recorded action (February 18, 2026): REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes the New York rural growth fund tax credit and the New York rural growth fund; provides that individuals who develop a business plan to invest in rural business in New York and have successfully solicited private investors to make capital contributions in support of such business plan may apply to the department of economic development for certification as a rural business growth fund; provides that if approved, tax credits shall be issued in an aggregate amount equal to seventy percent of the eligible investment authority; defines terms; provides for penalties; requires reporting.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Chris Ryan | Primary sponsor | Democratic | Senate | 50 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS