Business impact after Albany’s record-breaking legislative session

All told, the recently completed legislative session in Albany was a record-breaking one.

A series of new bills affecting hotel conversions, health insurance, public housing, cryptocurrency, clinical peer review and minority- and women-owned business enterprises were passed. Gov. Kathy Hochul is expected to sign the bills and has already acted on legislation increasing protections for abortion rights and against gun violence.

Not everyone is happy, however. Other priorities failed to gain enough support, notably reforming the divisive 421-a tax abatement and legalizing eviction protections for renters.

Not since 1995 have more bills passed the Senate and Assembly. The New York Public Interest Research Group found that approximately 1,007 bills passed both chambers

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