senate Bill S2907

Relates to the effectiveness of chapter 430 of the laws of 2012

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 24 / Jan / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 05 / Feb / 2013
    • 1ST REPORT CAL.41
  • 11 / Feb / 2013
    • 2ND REPORT CAL.
  • 12 / Feb / 2013
    • ADVANCED TO THIRD READING
  • 27 / Feb / 2013
    • SUBSTITUTED BY A1833

Summary

Provides that the provisions of chapter 430 of the laws of 2012 shall only apply to taxable years beginning on and after January 1, 2008 and ending on or before December 31, 2012.

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Bill Details

See Assembly Version of this Bill:
A1833
Versions:
S2907
Legislative Cycle:
2013-2014
Law Section:
Taxation
Laws Affected:
Amd ยง2, Chap 430 of 2012
Versions Introduced in 2013-2014 Legislative Cycle:
A1833

Votes

Sponsor Memo

BILL NUMBER:S2907

TITLE OF BILL: An act to amend chapter 430 of the laws of 2012 relating
to a certain agreement for a payment in lieu of taxes, in relation to
the effectiveness thereof

SUMMARY OF SPECIFIC PROVISIONS: The bill clarifies that the provisions
of L. 2012, c. 430 are only applicable for taxable years 2008 through
2012.

JUSTIFICATION: This legislation is needed to ensure that a leased prop-
erty in the City of Poughkeepsie that was granted a qualifying empire
zone enterprise is not unduly burdened with unexpected tax obligations
as a result of "reach back" due to a change in policy by the New York
State Department of Taxation and Finance.

PRIOR LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS FOR STATE: None

EFFECTIVE DATE: Effective immediately,

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

                                  2907

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend chapter 430 of the laws of 2012 relating  to  a  certain
  agreement  for  a  payment in lieu of taxes, in relation to the effec-
  tiveness thereof

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

  Section  1. Section 2 of chapter 430 of the laws of 2012 relating to a
certain agreement for a payment in lieu of taxes, is amended to read  as
follows:
  S  2.  This  act shall take effect immediately and shall ONLY apply to
taxable years beginning on and after January 1, 2008 AND  ENDING  ON  OR
BEFORE DECEMBER 31, 2012.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06970-01-3

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