Assembly Bill A9990

Signed By Governor
2013-2014 Legislative Session

Relates to an agreement for a payment in lieu of taxes for property located at 14 Rotterdam Industrial Park, Schenectady, New York

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Archive: Last Bill Status Via S7711 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A9990 (ACTIVE) - Details

See Senate Version of this Bill:
S7711
Law Section:
Real Property Taxation

2013-A9990 (ACTIVE) - Summary

Relates to an agreement for a payment in lieu of taxes for property located at 14 Rotterdam Industrial Park, Schenectady, New York.

2013-A9990 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9990

                          I N  A S S E M B L Y

                              June 5, 2014
                               ___________

Introduced  by  COMMITTEE  ON  RULES  --  (at request of M. of A. Steck,
  Santabarbara) -- read once and referred to the Committee on Real Prop-
  erty Taxation

AN ACT relating to a certain agreement for a payment in lieu of taxes

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding  the  provisions  of  subdivision  (e) of
section 15 of the tax law, any payment in lieu of taxes made by a quali-
fied empire zone enterprise to the state, a municipal corporation, or  a
public  benefit corporation pursuant to its lease agreement for property
located at 14 Rotterdam Industrial Park, Schenectady, New  York  with  a
landlord that is a party to a payment in lieu of taxes agreement between
the  landlord  and  the  state, municipal corporation, or public benefit
corporation shall be deemed, for the  purposes  of  subdivision  (e)  of
section  15  of  the tax law, to have been made pursuant to a payment in
lieu of taxes agreement with the state, municipal corporation, or public
benefit corporation. Such qualified  empire  zone  enterprise  shall  be
eligible to claim the real property tax credit provided by section 15 of
the tax law provided that for each of such periods, the landlord has not
filed  a  claim  for  the real property tax credit for such payments nor
made a payment in lieu of taxes to the state, municipal corporation,  or
public  benefit  corporation  pursuant  to its agreement with the state,
municipal corporation, or public benefit corporation for such  payments.
Notwithstanding any section of law to the contrary, such credit shall be
based upon the payments in lieu of taxes and employment of the tenant.
  S  2.  This  act shall take effect immediately and shall only apply to
taxable years beginning on and after January 1, 2006 and  ending  on  or
before December 31, 2009.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15445-02-4

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