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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.

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WNYT Staff

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

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