Bill
A 3618
Bill A 3618 allows gifts to support New York small businesses, enhancing resources for operations and growth, benefiting both businesses and the state economy.
Bill Number: A 3618
Title: Provides for gifts for the support of New York state small businesses
Status: Referred to Ways and Means
Introduced: January 29, 2025
Classification: Bill
Bill A 3618 aims to enhance the support for small businesses in New York State by allowing for the provision of gifts specifically designated for their benefit. The intent is to create a more favorable environment for small businesses, which are vital to the state's economy, by providing them with additional resources and support.
Gift Allowance: The bill proposes a framework that permits individuals and organizations to make gifts to support small businesses. This could include financial contributions, goods, or services aimed at helping small enterprises thrive.
Eligibility Criteria: The bill may outline specific criteria that define what constitutes a "small business" within New York State, ensuring that the support is directed towards those who need it most.
Usage of Gifts: It is expected that the bill will specify how the gifts can be utilized by small businesses, potentially covering areas such as operational costs, marketing, and employee support.
Oversight and Reporting: The bill may include provisions for oversight to ensure that the gifts are used appropriately and effectively, possibly requiring businesses to report on the impact of the support received.
Small Businesses: The primary beneficiaries of this bill will be small businesses across New York State, which often face challenges in accessing funding and resources.
Donors: Individuals and organizations interested in supporting small businesses will also be affected, as the bill provides a structured way for them to contribute.
State Economy: By bolstering small businesses, the bill aims to have a positive ripple effect on the overall economy of New York State, potentially leading to job creation and economic growth.
Current Status: As of January 29, 2025, the bill has been referred to the Ways and Means Committee for further consideration. This committee will review the bill's provisions and determine its fiscal implications.
Related Legislation: Bill A 3618 is related to prior-session bills A 7090 and A 4524, which may have addressed similar issues regarding support for small businesses. The relationship to these bills may provide context for the current proposal and its potential reception.
Bill A 3618 represents a proactive approach to supporting small businesses in New York State through the provision of gifts. By establishing a clear framework for contributions, the bill seeks to empower small enterprises, enhance their operational capabilities, and ultimately contribute to the state's economic vitality. Further developments will depend on the discussions and evaluations by the Ways and Means Committee.
Compiled from official sources — confirm details with the bill’s official record.
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