Senate Bill S4401

Signed By Governor
2015-2016 Legislative Session

Relates to a certain agreement for a payment in lieu of taxes with respect to a lessee that is a qualified empire zone enterprise of certain real property

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6884 - 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

co-Sponsors

2015-S4401 (ACTIVE) - Details

See Assembly Version of this Bill:
A6884
Law Section:
Taxation

2015-S4401 (ACTIVE) - Summary

Relates to a certain agreement for a payment in lieu of taxes with respect to a lessee that is a qualified empire zone enterprise of certain real property.

2015-S4401 (ACTIVE) - Sponsor Memo

2015-S4401 (ACTIVE) - Bill Text download pdf 

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

                                  4401

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 18, 2015
                               ___________

Introduced  by Sens. BOYLE, CROCI -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government Operations

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  85  Saxon  Avenue,
Bay Shore, 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, (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
certified pursuant to article 18-B of the general municipal  law  and  a
qualified  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. Notwithstanding the provisions of sections 687 or 1087 of the tax
law or any other provision to the contrary, a  claim  for  a  credit  or
refund may be filed by the taxpayer with respect to the property located
at  85  Saxon  Avenue, Bay Shore, New York, for taxable years January 1,
2009 through December 31, 2011 where the taxpayer is a qualified  empire
zone enterprise.
  S 3. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2009 and before January 1, 2012.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09765-01-5

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.