Back to Home

Government Affairs Albany Update

March 22, 2002

Senator Alesi Introduces Omnibus Invest In New York Tax Recovery Bill

Senator James Alesi (R-Fairport), along with co-sponsors DeFrancisco, Farley, Hoffman, Johnson, Kuhl, Larkin, Maltese, Maziarz, Meier, Nozzolio, Padavan, Saland, Seward, Trunzo, Volker, and Wright, this week introduced Senate bill number S.6605, The Business Council's omnibus Invest In New York Tax Act. Note: The bill text is not available at this time.

Upon its introduction, Business Council President Dan Walsh said: "We look forward to working with Senator Alesi and the rest of the Senate members to keep New York's economy rolling on the path to recovery. Adopting single-sales factor, facilitating new capital-company investments in Manhattan, and reforming taxes on the telecommunications and financial services industries would encourage New York employers to invest in capital improvements and jobs here, not in other states. Repealing the alternative minimum tax would let employers that create jobs take full advantage of incentives put in place by the Legislature precisely to encourage and reward job creation."

Provisions included in the Invest In New York Tax Act are:

Energy Forum Stresses Need for More Power

An Energy Forum held in Albany on March 20th stressed the need for New York State to build more plants and increase its supply of electricity. The eight member panel was comprised of The Business Council's Vice Chairman and KeySpan CEO Robert Catell, State Senate Energy Committee Chairman James Wright, Assembly Energy Committee Chairman Paul Tonko, the Independent System Operator's President Bill Museler, New York City Building Congress President Richard Anderson, Mirant New York President Mark Lynch, NYSERDA President Bill Flynn and the New York AFL-CIO President Denis Hughes. The panelists discussed the energy needs facing New York State and other issues such as the security and safety of New York's energy infrastructure. One point that was discussed at length was the misconception that New York is not in need of additional generation for the coming years due to the recession of last fall and the temporary loss in demand due to the destruction of the World Trade Center. Many of the panelists noted that even with slow economic growth, new power is needed to fuel New York's growing power needs. For example, the summer of 2001 serves as an indication of how tight the supply of electricity is in New York.

On August 9, 2001 New York State reached its all time peak demand of 30,983 MW. If new generation is not brought on line over the next several years, New York will be in danger of coming close to exceeding levels of demand in excess of reliability standards. Significant load pockets already exist in New York City and Long Island. The Business Council has been adamant in its support for new baseload generation and has published the figure of 9,200 MW as a target for new power over the next five years as means to insure reliability and lower costs. For a copy of our report, access: http://www.ppinys.org/reports/2002/power_to_grow.pdf

Lobby Commission Legislative Proposals
Staff Contact: Ken Pokalsky
The Temporary State Commission on Lobbying has issued its annual report for 2001. In addition to its list of "top ten" lobbying firms that have been receiving considerable media attention this week, the Commission has also proposed six amendments to the Lobbying Act. These include:

You can obtain the full Annual Report from the Commission's web site at: http://www.nylobby.state.ny.us