S T A T E O F N E W Y O R K
I N S E N A T E
January 8, 2014
Introduced by Sens. DeFRANCISCO, SMITH -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Local Govern-
ment -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT in relation 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, with respect to any payment of taxes imposed
on real property with respect to property located at 111 Windsor Place,
Islip, New York, with respect to a lessee that is a qualified empire
zone enterprise, such taxes shall be deemed to be eligible real property
taxes with respect to such lessee and (1) such taxes shall be deemed to
have been paid by the lessee pursuant to explicit requirements in a
written lease [executed or amended on or after June first, two thousand
five], (2) shall be deemed to become a lien on the real property during
a taxable year in which the lessee of the real property is both certi-
fied pursuant to article 18-B of the general municipal law and a quali-
fied empire zone enterprise, and (3) the lessee shall be deemed to have
made direct payment of such taxes to the taxing authority and to have
received a receipt for such payment of taxes from the taxing authority.
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.
S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2005 and before January 1, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.