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Bill passed by Assembly aims to close LLC loophole

The New York state Capitol. The New York state Capitol. | Photo: AP Photo/Hans Pennink.

March 13, 2019 01:14 PM

The state Assembly voted 92 to 29 Tuesday to approve a bill that resulted from a NewsChannel 13 investigation. It would require the people behind LLCs to give their names and addresses when entering into a lease agreement with the state.

Current law allows them to remain anonymous.

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Our investigation prompted Assemblyman John McDonald to introduce this bill.

It's now up to the Senate to take action in order to move it forward.

Credits

WNYT Staff

Copyright 2019 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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